Stock Cash Live Market News

The Sensex touched 27000 for first time after October last year.The Sensex is up 141.64 points or 0.5 percent at 26984.78, and the Nifty is up 36.20 points or 0.4 percent at 8255.15. About 1096 shares have advanced, 452 shares declined, and 58 shares are unchanged. For more trading tips visit www.marketmagnify.com/stock-cash-tips.php and give a missed call on @ 7879-88-11-22

       The market extended uptrend in early trade Friday, tracking positive global cues. The Nifty reclaimed 8250 level for the first time since October 26, 2015, aided by banking & financials, auto and select technology stocks.
       The 30-share BSE Sensex rose 134.09 points to 26977.23 and the 50-share NSE Nifty climbed 35.15 points to 8254.10.
The Indian rupee opened higher by 6 paise at 67.23 per dollar today against previous close of 67.29.
            Oil prices rose despite world's top oil producers failing to set a cap on production in the OPEC meet yesterday, Brent crude prices were up 22 cents at USD 49.94 per barrel.

      Indian drug industry will see moderation in growth due to slowing of business in the US market with reduction in the number of large size drugs going off patent, increased competition and generic adoption reaching saturation levels, ICRA said. The Indian drug firms have registered strong growth over last decade driven mainly by the US market.

          After the recent rally, the Indian market is now trading at roughly 16.5 times one-year forward earning, which is slightly higher than the 10-year mean, says Surendra Goyal, Head of Research at Citi in a note to clients. The brokerage has raised its Sensex target to 28,800 from 27000 earlier. The revised target implies 16 times estimated earnings for 2017-18.

Top Trading Call for Today’s Market

सेंसेक्स और निफ्टी की शुरुआत लाल निशान पर होने की आशंका है। निफ्टी पर आज के लिए 7850-7800 का अहम सपोर्ट है। वहीं, ऊपर की ओर निफ्टी पर 7910-7940 का अहम रेजिस्टेंस है।

अधिक जानकारी के लिए क्लिक करें 

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• Buy Voltas: Target Rs 352; Stoploss Rs 327
• Buy Syndicate Bank: Target Rs 69; Stoploss Rs 62 
• Buy Siemens: Target Rs 1190; Stoploss Rs 1140 
• Buy ONGC: Target Rs 214; Stoploss Rs 207

Today’s Result: Corporation Bank, JSW Steel, PTC India, Tata Communications and Torrent Power

Noticed WPI trending down for April

Whole price index seen trending down for April

Wholesale price Index (WPI), a delegate wicker container of wholesale merchandise, is seen at - 0.25 percent for April as against - 0.85 percent on a month-on-month premise. 

WPI is relied upon to be on a descending pattern for eighteenth month running. 

Be that as it may, compression in costs is assessed to be lesser on the back of hardening food inflation.

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Note that essential that primary food inflation for March rose to 3.7 percent from 3.4 percent on a month-on-month premise. 

Key metric to keep an eye out for will be the amendment in pulses inflation.

Pulses inflation was steep at 34.4 percent in March 2016.

The Street is expecting a +/ - 0.5 percent tick in inflation for the primary quarter of FY17.

Stock Investment Tips: Adani Power Stock Price

Adani Power raises Rs 330 crore through NCDs

"The organization raised Rs 330 crore on May 10, 2016, by allotment of 3,300 rated, listed, redeemable, zero coupon, non-convertible debentures (NCDs) of the face estimation of Rs 10,00,000 each on a private position premise," Adani Power said in a BSE filing. 

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Stock Price of Adani Power:

On May 12, 2016, at 09:44 hrs Adani Power was quoting at Rs 30.25, up Rs 0.15. The 52-week high of the share was Rs 44.20 and the 52-week low was Rs 19.65. 

The stock's price- to- earnings (P/E) proportion was 1512.5. The most recent book estimation of the organization is Rs 24.55 for every share. At current esteem, the price to-book estimation of the organization is 1.23.

Top Stock Market News by Experts

Stock Market has opened level on Tuesday as the Sensex is down 15.74 focuses at 25673.12. Nifty is down 2.80 focuses at 7863.25. Around 396 shares have progressed, 261 shares declined, and 46 shares are unaltered. HUL is up 1 percent while Adani Ports, Dr Reddy's Labs, Tata Steel and Maruti are top gainers while Tata Motors, Hindalco, NTPC, Bharti Airtel and ONGC are failures in the Sensex.

 

The Indian rupee opened lower by 8 paise at 66.66 for each dollar on Tuesday versus past close of 66.58. 

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Asia markets exchanged mixed, with the Japanese benchmark record driving additions in early exchange, in front of Chinese inflation information due later on Tuesday.

US stocks shut mixed in high-volume exchange, with the Dow Jones industrial average was down 0.2 percent, the S&P 500 closed up 0.08 percent and the Nasdaq composite included 0.3 percent.

Stock Market Trend: Nifty ends above 7700

3:30 pm Market shutting: After an unstable day, the stock market has finished down 33.71 focuses at 25228.50 and the Nifty slipped 2.05 focuses at 7733.45. GAIL, BHEL, SBI, Hindalco and Tata Motors were top gainers while Adani Ports, Dr Reddy's, Wipro, ONGC and HDFC Bank are major losers in the sensex.

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In the mean time, Gold was set to post its greatest week by week decrease in six weeks as the US dollar firmed in front of the U.S. non-ranch payrolls report that could give pieces of information about the Federal Reserve's monetary policy.

For the week, gold was set for a 1.2 percent decay, its greatest week after week drop following the week finished March 25.