Today Stock Market Latest News:-
• In equity market late selloff has wiped out all the gains on DalalStreet. Select heavies dragged the market while cash volumes remained low ahead of a holiday season. Nifty future down 56 points or 0.70 percent at 7785.
• The 30share BSE Sense down 145points at 25590. The market breadth was slightly weakas about 1307shares advanced against 1383declining shares on the BSE.
• Shares of Housing Development and Infrastructure(HDIL) rose5 percent intraday on Tuesday as real estate company has sold development rights on its land parcel at Kurlato DK Realty (India) for Rs 649.51 crore
• Glenmark Pharmaceuticals Inc, USA, has been granted final approval by the US Food & Drug Administration (USFDA) for the Linezolid tablets, 600 mg," Glenmark Pharmaceuticals said in a statement
Sensex gains over 240pts; Alkem, Dr Lal debut 30-32% higher

The Cabinet Committee on Economic Affairs (CCEA) approved ONGC converting its Rs 5,000 crore loan to subsidiary ONGC Videsh Ltd, into equity. Oil and Natural Gas Corp (ONGC) had extended a loan of Rs 6,000 crore to its overseas investment arm to meet its acquisitions requirements. Of this, Rs 5,000 crore is being converted into equity. With this, the equity base of OVL will rise to Rs 15,000 crore. All the loan ONGC had given to OVL was at zero interest. The market is surging ahead with support from pharma, metals, oil and bank stocks. Stellar listing of two healthcare IPOs Alkem Laboratories and Dr Lal Pathlabs also boosted sentiment. The Sensex is up 241.48 points or 0.9 percent at 25832.13 and the Nifty up 71.00 points or 0.9 percent at 7857.10. About 1516 shares have advanced, 399 shares declined, and 120 shares are unchanged.

Accurate today’s stock market tips :-
BUY GODFRY ABOVE1265 TG-1275-1285 SL 1246.95

BUY NILKAMAL ABOVE 1220 TG-1230-1240 SL 1203.85

BUY TATAELEXI ABOVE 2265 TG-2278-2293 SL 2239.9

BUY 8K MILES ABOVE 2030 TG-2043-2060 SL 2007.85
The Indian stock market is trading notably higher this morning, with investors indulging in some brisk buying at several counters on the back of a positive lead from global markets and on renewed optimism about reforms after the government initiated discussion on the Insolvency and Bankruptcy Code.
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