Thursday, 2 June 2016

Indian Stock Market News

Infosys, Adani Ports, M&M, Tata Steel and Wipro are top gainers while Axis Bank, Bajaj Auto, Bharti Airtel, ITC and Hero MotoCorp. For more information visit 
       The market has opened flat on Thursday. The Nifty is below 8200, down 0.95 points at 8179 and the Sensex is up 6.33 points at 26720.26. About 415 shares have advanced, 305 shares declined, and 37 shares are unchanged.
     The Indian rupee opened marginally higher at 67.42 per dollar versus 67.45 Wednesday.
       Asian shares were steady on Thursday as Wall Street eked out modest gains after the latest batch of US data provided few clues on when the Federal Reserve might raise rates, while a resurgent yen pressured equity markets in Japan.
         Ajanta Pharma looks good and can climb to levels closer to Rs 1,590-1,600 zone. It may take a day or two for that, keep a stop loss below Rs 1,520.
          Bharti Airtel too has given a breakout and it is holding out. It can climb to levels closer to Rs 375, keep stop loss below Rs 357.
           Tata Sponge Iron is trying to build up energy; it is trying to form a bace. It has given indication that it might go up today. The stock can climb to levels closer to Rs 640, keep stop loss below Rs 596."
           Share of South Indian Bank advanced 2.4 percent intraday Thursday as the bank has decided to raise Rs 500 crore via issue of bonds.


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