Monday 19 December 2016

Sensex flat, Nifty hovers around 8,100 in lack of market cues

Benchmark indices opened on a flat note tracking mixed cues from Asian markets after US markets gained in overnight trade.At 9:17 am, the Nifty 50 index was trading nearly 1 point lower at 8,103 levels, while the S&P BSE Sensex as trading 30 points higher at 26,404 levels. Among broader markets, BSE midcap was up 0.12% while BSE Smallcap gained 0.09%. Stock Market Astrology Tips 

 
"Nifty has been consolidating in a range of 8055 to 8275 zones since last sixteen trading sessions and it has multiple pauses in between this broader range on both the side. Index may remain range bound till the trading range is not taken out decisively but stock specific activity is likely to continue in the market," said Anand Rathi Technicals in a note.Meanwhile, on Wednesday, foreign investors sold equities worth Rs 535.77 crore, while domestic investors bought equities worth Rs 556.36 crore.
Intraday Trading Tips

Sectors and Stocks

Coal India, ITC, TCS and NTPC were the top gainers at BSE Sensex while Adani Ports, HUL, Bharti Airtel and PowerGrid were the top laggards.Coal India gained over 1% after Goldman Sachs initiated coverage on Coal India with 'Buy' rating with a target price of Rs 360.Telecom stocks extended losses with RCom, Bharti Airtel and Idea fell between 0.69%-1.5%.Most Tata Group stocks were trading in green after Cyrus Mistry's resignation yesterday.  TCS,  Commodity Trading Tips

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