Friday, 9 June 2017

Live Stock Market Updates

Market Live: Sensex, Nifty lower but Europe strong post UK elections results 
Equity benchmarks remained lacklustre in afternoon trade but European markets turned strong after UK elections results that showed a possibility of hung parliament. The 30-share BSE Sensex was down 36.53 points at 31,176.83 and the 50-share NSE Nifty declined 7.55 points to 9,639.70. 

Our Today's Call Performance 
  • BUY ADANI PORTS 360 PUT ABOVE 13.40 TGT1 13.80 TGT2 14.30 TGT3 15.50 SL 10.45
  • BUY RBL ABOVE 1345 TGT1 1352 TGT2 1360 TGT3 1370 SL 1327.20 
  • CASH PREMIUM CALL: SELL CEAT TYRE BELOW 1900 TOTAL 6000 SHARES CMP 1908 
Get Free Stock Market Trading Tips for Today's Market

Infosys and Maruti Suzuki were most active shares on exchanges. Infosys declined nearly 2 percent on reports that founders may be looking to sell stake in the company while Maruti gained 2 percent as reports indicated that the company plans to spend Rs 1,000 crore in land acquisition this year. Bourses in Europe were higher as investors reacted to a hung parliament in the UK's General Election. France's CAC, Germany's DAX and Britain's FTSE gained 0.8 percent each. 

While the market is witnessing strong moves, with bouts of consolidation, IL&FS sees sideways movements for the near term. 

Highlighting that in the current situation, macros are positive and could be better post good monsoon, Vibhav Kapoor of IL&FS told CNBC-TV18 that it was legitimate for the market to assume that these will translate into higher earnings growth. Having said that he saw strong resistance at 9650-9700 as a strong resistance point for the Nifty. A crossover from this point could take the index to 10000, he said. But, in the near term, there could be a correction, but not a deep one. 

European stocks gained momentum after general elections indicated that there could be a possibility of hung parliament in the UK. France's CAC, Germany's DAX and Britain's FTSE gained 1 percent each.

2 comments:

  1. BOOK PARTIAL PROFIT IN CEATLTD 1900 CALL, T1 ACHIEVED
    FREE TRADING TIPS

    ReplyDelete
  2. Hello,
    This is Affiliate Program Manager, Tabassum, from InstaForex. InstaFortex would like to offer you an attractive partnership proposal, with very exciting commission offer from your each referral clients; along with free banner advertisements in the website. And that too with no investment!
    We believe, you will be much benefited, with this offer. We are eager to hear from you soon.

    ReplyDelete