Market
on pressure because of concerns over Economy and weak results.BSE
Sensex down 40 points to close at 17 561 and NSE Nifty fell 15 points
to close at 5323. Midcap and Smallcap stocks also were weak. In
early trade Sensex rose 100 points and Nifty also turned up to 5350.
Nifty has managed to stay above 5350. Midcap and smallcap stocks
were seen strength of 0.5%.
Get
Intraday Tips Free trial of Stock, Nifty and MCX NCDEX Commodity Tips
from Tomorrow 10 August to Monday 13 August.
Oil
& Gas, Technology, and Banking stocks broken from 1 to 0.7%.
Consumer Durables, Realty, Healthcare stocks fell from 0.3 to 0.1%.
IT stocks are idling. FMCG stocks rose nearly 1.5%. Metal, Auto,
Power, Capital Goods stocks were strong 0.6 to 0.2 % SBI, HDFC,
BPCL, Cern India, Bank of Baroda, SAIL, Siemens, Reliance Industries,
Wipro, PNB, Jindal Steel break 4-1%. Ranbaxy shares tumbling 2.5%
due to loss of 580 million in April-June quarter. M & M, Sterlite
Industries, HUL, Tata Power, Coal India, Sesa Goa, Grasim, IDFC, ITC,
L & T, NTPC, TCS, HDFC Bank, Sun Pharma rose 3-1%.
Nifty
Midcap Stocks - Orbindo Pharma, Union Bank, Andhra Bank, BEML,
Oriental Bank tumbling 7.5 to 3%. BSE Small Cap Stocks - Tech Unisys
Soft, TVS broken by 13.5 to 9.5 %.
Stock
Intraday Tips for Tomorrow 10 August 12
Omkar
Speciality Chemicals Ltd. Buy above 87 with long term target of 112.
Buy
Sterlite Industries with target of Rs 116 – 119, Stoploss – 107.
Tata
Global Buy, target – 137, Stoploss – 125.
