Nifty above 8400, Sensex volatile
The market has opened with gains. The Sensex is up 92.99 points at 27980.89 and the Nifty is up 25.25 points at 8420.70. About 800 shares have advanced, 181 shares declined, and 622 shares are unchanged.
L&T, Tata Power, Tata Steel, Maruti and Sesa are top gainers in the Sensex. Coal India, HDFC Bank, Dr Reddy's Labs, ONGC and GAIL are among the laggards.
The Indian rupee slipped in the early trade. It has opened lower by 14 paise at 63.43 per dollar versus 63.29 Friday.
Intraday Stock Trading Tips
• BUY ATUL AUTO (LCP-677.95) ABOVE 680 TG-685-692
• BUY JINDAL PHOTO (LCP 218.55) ABOVE 220 TG-224-229
• BUY SRF (LCP 921.75) ABOVE 924 TG-931-939
• BUY JET AIRWAYS (LCP-440.15) ABOVE 442 TG-446-451
Commodity Market Outlook for Today:
The challenge is not to rely on gold. People buy gold and they have that psychological feeling that gold is safe, secure and good for the future.
The Forward Markets Commission (FMC) has revised the daily price limit on commodities.
FMC has directed commixes that if DPL is reached in a contract of the commodity then trading shall be stopped for 15 minutes only in that contract of the commodity and trading shall continue in other contracts of that commodity as usual.
FMC’s earlier policy on Daily Price Limits (DPL) in agricultural futures contracts dated 11th December, 2014 had created contention among market participants.
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