Sensex gains 100 points ahead of Q2 GDP data; ICICI Bank up 2%

Domestic indices have gained ground after making a flat opening in today’s trade ahead of GDP data following mixed Asian cues after US GDP grew at 3.2% in September quarter. Hopes of strong GDP for September quarter helped investor sentiment, but the side-effects of demonetisation continue to have a bearing on the market.   Stock Market Astrology Tips

 

BSE Sensex rallied as much as 90 points during early trades but later pared gains while Nifty 50 continued to test it's crucial 8,150 levels. At 10:12 am, the S&P BSE Sensex was trading at 26,514, up 120 points, while Nifty50 was quoting 8,180, up 38 points. In Broader markets,  BSE Midcap was up 0.42% while BSE Small Cap was trading 0.49% higher.     Intraday Trading Tips

 
“Recently Nifty has seen recovery of 250 points from 7,950 to 8,200 zones and now if it fails to deliver strength by holding 8,150 zones then it may drift towards 8,080-8,050 zones while holding above 8,200 might attract fresh move towards 8,300 zones in next coming sessions,” said Anand Rathi Equity Advisory in a technical note.   Commodity Trading Tips


Sector and Stocks
Lupin was one of the top gainers on Sensex, up 0.96% after the company received approval from the US health regulator to market its Armodafinil tablets.
Nifty Trading Tips
Other gainers included Asian Paints (1.20%), TCS (0.81%), ONGC (0.68%) and Maruti (0.67%).HDFC was the top loser on BSE Sensex, down 0.84%. Pharma sector was gained the most in both the headline indices while metal was the top sectoral laggard with Hind Zinc (2.52%), NALCO (1.39%) and Vedanta (1.34%) dragging the index.   Future & Option Trading Tips