Benchmark indices extended their gains from the opening tick, with the Nifty firmly placed above 9500. The Sensex was up 152 points at 30881.03, while the Nifty rose 43 points at 9540.05. The market breadth was healthy as 1,496 shares have advanced against a decline of 506 shares, while 84 shares were unchanged.Mid-caps witnessed a surge post flat opening, with the Nifty mid-cap index gaining over a percent in the first hour of trade. Metals too saw a comeback post its corrective phase, rising over 2 percent.
Intraday Tips For Today
Buy Coal India Ltd at above: 266.25 Targets: 269.00 – 267.42 – 268.85 – 269.85 Stop loss : 268.14
The company will get relief from the 5 per cent GST on coal and it will be able to sell 62 million tonnes of coal stock.
Buy IDBI Bank Ltd at above: 61 Targets: 62.75 – 63.35 – 62.50 – 61.21 Stop loss : 62.01
To avoid default of debt, turnaround plan is ready. The preparation of capital has been done by selling non-core assets. Bank will use capital to repay the debt This will strengthen the financial position of the bank, return investors’ confidence.
The US FDA has completed the investigation of Srikakulam Unit II, which has not received any objection.
The government will sell 3 percent stake in the IOC through the OFS. Looking at market conditions, OFS is possible before June.
Fortis Health care
Board approval has been approved to increase the limit of foreign investment. The limit of foreign investment in the company will be increased to 74 per cent.
Get More Intraday Tips