Market Trend :- Indian Market rose due to International markets are fast, strong Rupee and boom in Reliance Industries. Sensex up 215 points at 17 413 and Nifty up 67 points to closed at 5282 levels. Small and Medium shares were strong by 0.75 to 0.5%. In early trade Sensex 200 points and Nifty went up more than 50 points. Due to return shopping in European markets, Indian markets picked up again. Sensex rose by over 250 points and Nifty reached close to 5300. However market managed to close at 1.25% fast. Reliance Industries rose by nearly 6%t and it reached the highest level of 3 months.
Get Intraday Tips Free Trial from Tomorrow 7 August to Wednesday 8 August 12
Oil and Gas shares rose 3%. Auto, Bank, Capital Goods, Realty, Metal stocks strong by 1.7 to 1%. Power, Healthcare, Consumer Durables, PSU stocks gained 0.8 to 0.3%. IT and Technology stocks showed weakness due to Rupee strengthen. FMCG stocks fell 0.4%.
Tata Motors, JP Associates, Gail, Kotak Mahindra Bank, Axis Bank, DLF, HDFC Bank, Reliance Infrastructure, Bajaj Auto, M & M, Power Grid, Maruti Suzuki, Tata Steel, ICICI Bank, Sun Pharma, BHEL stronger by 3.5 to 1.5%.
BPCL lost 3%. Wipro, Dr Reddy's, TCS, ITC, NTPC, Cern India, Asian Paints, Coal India, Bharti Airtel, Siemens, Grasim, Tata Power, HCL Tech weaker by 0.9 to 0.1%.
Midcap Nifty Stocks, Reliance Capital, Jain Irrigation, Bharat Forge, Voltas, Punj Lloyd, ABB, Oracle Fin, Reliance Power surged between 4-2%. BSE Smallcap Media Reliance, Essar Shipping, J kumar Infra climbed from 20 to 12.5%.
Intraday Tips for Tomorrow 07 August 12
Emami Buy, Target – 506 – 509, Stoploss – 495.
Delta Corp Buy, Stoploss – 58, Target – 67.
Buy Financial Technologies, Target – 800, Stoploss – 765.
