Stock Market Report:
The market was directionless in morning trade today after seeing rally in previous two sessions. It is eyeing for more third quarter earnings after getting strong start from the software services exporter Infosys on Friday.
The 30-share BSE Sensex fell 31.61 points to 27426.77 while the 50-share NSE Nifty rose 1.80 points to 8286.30. However, the broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising half a percent.
About 1212 shares have advanced, 703 shares declined, and 354 shares are unchanged on the Bombay Stock Exchange. Hindustan Unilever gained for the sixth consecutive session today, up 2.4 percent in addition to 14 percent rally in previous week.
Shares of Axis Bank, L&T, SBI, Infosys, ITC, Sun Pharma, BHEL and Maruti Suzuki were up 0.2-1.3 percent whereas Reliance Industries, TCS, Bharti Airtel, Tata Motors, ONGC, M&M, GAIL and Tata Steel fell 0.8-1.8 percent.
Coal India tanked 4 percent on divestment buzz.
Market Opening News
The BSE benchmark Sensex, which declined to 27,333.08 in early trade, losing about 125 points in the process, is currently at 27,448.75, down just 9.63 points or 0.04% from its previous close.
The Nifty index of the National Stock Exchange is up 7.50 points or 0.09% at 8292, coming off an early low of 8245.60.
Intraday Stock Tips for Today:
BUY VIDEOCON (LCP-190.9) ABOVE 192 TG-195-198
BUY RPP INFRA (LCP 151.55) ABOVE 153.5 TG-156-159
BUY WOCKHARDT (LCP 1076.8) ABOVE 1078 TG-1085-1095
BUY GM BREWERIES (LCP-124.85) ABOVE 126 TG-129-132
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