research4u
Kailash Soni
The stock market, meanwhile, remains in negative territory with shares from rate sensitive banking, realty and automobile sectors reeling under pressure. A section of the market was expecting a cut of 50 basis points and 25 basis points in the repo rate and CRR, respectively.
Shares from capital goods, metal and FMCG sectors are mostly subdued amid lackluster trades. Select healthcare, information technology and consumer durables stocks are trading higher.
Tata Motors is down with a loss of 2.6%. Bajaj Auto is down 2.2%, Hero Motocorp is trading 1.1% down and Mahindra & Mahindra is down with a loss of 0.9%, while Maruti Suzuki is trading lower by 0.6%.
IDFC, Jaiprakash Associates, Reliance Infrastructure, BPCL, DLF, BHEL, HDFC, GAIL India,Power Grid Corporation and ITC are all down in negative territory with notable losses.
Meanwhile, HCL Technologies, NTPC, Bharti Airtel, Ambuja Cements, Infosys, Lupin andACC are trading higher, gaining 1% - 2%. Reliance Industries, Sun PharmaceuticalIndustries, Hindustan Unilever and Jindal Steel & Power are up with modest gains.
Buy Nifty Futures for the target prices of Rs 5400 / 5418 / higher with a stop loss of Rs 5354
Sell Arvind with a target of Rs 81 and stop loss of Rs 87
Sell ITC with a stop loss of Rs 211.1
Shares from capital goods, metal and FMCG sectors are mostly subdued amid lackluster trades. Select healthcare, information technology and consumer durables stocks are trading higher.
Tata Motors is down with a loss of 2.6%. Bajaj Auto is down 2.2%, Hero Motocorp is trading 1.1% down and Mahindra & Mahindra is down with a loss of 0.9%, while Maruti Suzuki is trading lower by 0.6%.
IDFC, Jaiprakash Associates, Reliance Infrastructure, BPCL, DLF, BHEL, HDFC, GAIL India,Power Grid Corporation and ITC are all down in negative territory with notable losses.
Meanwhile, HCL Technologies, NTPC, Bharti Airtel, Ambuja Cements, Infosys, Lupin andACC are trading higher, gaining 1% - 2%. Reliance Industries, Sun PharmaceuticalIndustries, Hindustan Unilever and Jindal Steel & Power are up with modest gains.
Buy Nifty Futures for the target prices of Rs 5400 / 5418 / higher with a stop loss of Rs 5354
Sell Arvind with a target of Rs 81 and stop loss of Rs 87
Sell ITC with a stop loss of Rs 211.1