Stock and Commodity Market Trading Tips for Today


Posted February 1, 2016 by vivekhello4

The Indian rupee opened flat at 67.77 per dollar on Monday against Friday’s close of 67.78.

 
INDIAN MARKETS ROUNDUP
The S&P BSE Sensex pared gains and turned negative after reclaiming its crucial psychological level of 25,000 in morning trade on Monday, led by gains in L&T, Sun Pharma, HDFC Bank, Lupin, and Bharti Airtel.

The Nifty50 came under some selling pressure after hitting an intraday high of 7,592.32, weighed down by losses in oil & gas, metal, auto, and consumer durable stocks. The index was still trading above its crucial support level of 7,550.

Sensex 24,902, up 32 points, Nifty 7,577, up 14 points

Top Gainers:
L&T (3.63%), CIPLA (2.44%), ADANI PORTS & SEZ (2.30%), LUPIN LTD (2.21%), WIPRO (2.03%)

Top Losers:
ICICI BANK (3.41%), COAL INDIA (1.98%), HERO MOTOCORP (1.90%), GAIL (1.59%), ONGC (1.35%)

About two shares advanced for every share declining on the Bombay Stock Exchange.
Larsen & Toubro surged 4 percent following Q3 earnings. With maintaining outperform on stock and target of Rs 1469, Macquarie says given the investors concerns, broadly maintaining guidance is a positive outcome and stock is likely to see a bounce back.

HDFC Bank, Infosys, Lupin, Adani Ports, Wipro, Cipla, Bharti Airtel and BHEL were up 1-2 percent while ICICI Bank fell 3 percent.

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Last Updated February 1, 2016