Today Indian Market surged 2% due to RBI likely to cut rates and strong International signal. Sensex up 304 points to 17 144 and Nifty gained 100 points to close at 5200. Midcap and Smallcap stocks rose by 1.5% to 1.25%.
Indian Markets started off with huge boom due to strong Asian markets. In early trade Sensex crossed 17,000 level. Global markets has accelerated after the ECB trust of being pointed to relieve, Global markets has accelerated and better than expected results of public sector banks enhanced the market faster. Also RBI credit policy meeting was on Tuesday.
Intraday Tips Free Trial from Tomorrow 31 July to 1 August 12
In last half hour of trading markets caught up. Sensex rose 325 points and Nifty crossed key level of 5200.
Power, Realty and Capital Goods stocks surged between 3.5% to 3%. Bank, Consumer Durables, Auto, PSU stocks stronger were 2.5 to 2%. Healthcare, IT, Tech, Oil & Gas, FMCG stocks were faster 1.7 to 1%.
Reliance Infra, JP Associates, Cern India, IDFC, SBI, BHEL, Tata Power, DLF, Axis Bank, Tata Motors, ICICI Bank surged between 5.5 to 3.75%.
Intraday Tips For Tomorrow 31 July
Sun Pharma Buy, Target – 653, Stoploss – 641.
Buy Axis Bank, Stoploss – 1035, Target - 1050,.
Sobha Developers Buy, Target - 360, Stoploss – 344.
Buy Pantaloon Retail, Stoploss 154 , Target – 171.
