TopNews from Indian Markets for Day Traders

TopNews from Indian Markets for Day Traders

Indian markets opened almost flat on Friday after yesterday’s strong closing. The sentiment in Indian markets is still bullish and we have witnessed strong buying at lower levels. The correction in Indian equities hasn’t happened for quite some time and every decline has been followed by strong buying.

In today’s Top Stories, we have Adani Ports, Hero MotoCorp, Wipro, TCS, ONGC and Eicher Motors as major gainers. Among losers, we have Britannia, Nestle India, HDFC Bank, Sun Pharma and Cipla.

Motilal Oswal has issued BUY rating for IIFL Finance with 25 percent upside from current levels. The report added that IIFL management runs an asset-light model propelling sustained profitability and medium investors can get decent returns on this counter.

Kay Cee Energy & Infra IPO listed on the market with massive returns for investors. The stock listed at Rs 252 compared to issue price of Rs 54. The intraday high noticed till publication of this report is Rs 264.

Green energy major Suzlon has received order for supplying 75 Wind Turbines of 3 MW each to Everrenew Energy. The stock could perform well in the coming sessions.

Inox Green Energy stock was trading firm today as well. The counter has gained over 35 percent in the last six trading sessions.

As per today’s reports published by certain media outlets, Income Tax Department has claimed Rs 4,000 Crore Demand from Shree Cement For Wrongful Claims And Deductions.

India December services PMI at 59.0 vs 56.9 (MoM), marking a strong demand for Services sector.

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