Stock Trading

Stock Mkts To Witness Selling Pressure On Monday, Says Alex Mathew

Stock Mkts While commenting on the market performance of the day, Alex Mathew head, research centre - Geojit Financial Services stated that the stock markets belled the day in green on account of optimistic prompts coming in from the worldwide markets and dealt robustly all the morning session but capitalists cashed in on the gains produced during the morning session that occurred in the noon session earlier than the weekend and marked its closure in green but off the days` low.

Sensex Maintains 11K; Ends 75.69 Pts Up

Sensex Maintains 11K; Ends 75.69 Pts UpBombay Stock Exchange’s Sensex, on Friday, opened strongly at 11,068, up 121 points, on account of the positive signals bobbing out of the foreign markets.

The index, thereafter, firmed up and reached to a high of 11,339, which was about 400 points up from its last closure.

But, heavy profit booking during the final hour of trading erased the big part of gains registered earlier in the day and fell below 11,000 mark and also hit an intra-day low of 10,946.25.

The Sensex however got well and finally closed the week after making a gain of 75.69 points at 11,023.09.

Sell ONGC – Nirmal Bang

Oil & Natural Gas Corporation Nirmal Bang Research has suggested investors to 'sell' ONGC stock as there are full chances of a downward trend in this stock in the coming days.

According to report, investors can sell the stock with a strict stop loss of Rs 880 to achieve a target that lies between Rs 790-740.

Today (April 17), the stock opened at Rs 860, as against its last closure at Rs 851.75 on the Bombay Stock Exchange (BSE) on Thursday (Feb 16). Current EPS & P/E ratio stood at 76.03 and 11.47 respectively. The share price has seen a 52-week high of Rs 1124 and a low of Rs 538.10 on BSE.

Buy Reliance Communications

Reliance CommunicationsKarvy Stock Broking Limited has maintained 'Buy' rating on Reliance Communications Limited stock to achieve a target of Rs 245 within 1-2 days.

According to Karvy, day traders can buy the stock above Rs 232 with a stop loss of Rs 224.

Shares of the company, on Thursday (April 16), closed at Rs 217.45 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 8.36 and 26.80 respectively. The share price has seen a 52-week high of Rs 608.85 and a low of Rs 131.35 on BSE.

Sensex Gains 277.29 Pts On Strong Buying

Sensex Gains 277.29 Pts On Strong BuyingAfter closing the day in red, on Thursday (April 16), on profit booking, the 30-share index BSE Sensex belled the day on a positive note today.

The 30-share index, BSE Sensex opened with a gain of 120.31 points, at 11,067.71 on Friday.

The Sensex gained ground in proportion to worldwide markets and also on healthy buying activity witnessed in index pivotals.

The stocks from realty, banking, capital goods, metal and power sectors were in limelight.

Sensex Down 140.96 Pts; Tata Motors Plunges 7.75%

Sensex Down 140.96 Pts; Tata Motors Plunges 7.75%After opening the day positively at 11,358.06 points, Sensex soon fell in to the negative terrain following heavy selling action witnessed across front line stocks.

Consumer durables and FMCG stocks remained up, whilst metal, capital goods, oil & gas and power stocks fell into the pessimistic zone.

BSE Midcap and Smallcap index declined 1.64% and 1.45% respectively.
Amongst the sectoral indices, BSE Metal lost 4.31%, Capital goods fell 3.33%, Oil & Gas and Power was sown by more than 2%.