Tuesday, 7 June 2016

Sensex Nifty Holding Early Gains in Tuesday Morning Session

After giving a poor performance on Monday, the Indian Stock Market opened with positive leads today. Sensex jumped up by 85.14 points and hiked up to the 26862.59 and Nifty jumped up by 27.65 points and went up to the 8228.70. In Bse Sectors, except Healthcare all other sectors are trading in positive zone. In Global Market, all Global Indices have received positive leads except Shanghai Composite which is trading with minor loss of 4.10 points. In Commodity Market, most of the Mcx and Ncdex commodities are trading in loss. In Mcx, Gold lost 63 points and dropped to the 29387 and Silver lost 96 points and went down to the 39046, while Crude oil gained 15 points and went up to the 3320.
Railway took a big step towards the Environmental Perfection which can benefit the Stone India. Railway is planning to make bio toilet in the every coach. The Government is planning to complete this target in next 3 years. Stone India manufactures Bio Toilet, thus this company's share will be in more today. Through the block deal, promoter Haro Investments has sold 41 lakh shares of Redington Limited. Now it has only 12.3% stake left in Redington. ICICI Prudential Life Insurance has bought 70 lakh shares in Redington in the price of 107 rupees per share and Fidelity Puritan Trust has bought 1 crore shares in the same price. Redington is currently trading with the hike of 0.10%. Manglore Chemicals has once  again started the urea production from 5th of June which had closed for the last 1 month. Manglore Chemical's plant was closed due to water crisis in Manglore.

Expert Advice to-
Buy Stone India above: 74.39 Targets: 76.52 - 78.72 - 80.95  Stoploss : 72.25
Buy Redington above: 105.06 Targets: 107.58 - 110.19 - 112.83  Stoploss : 102.51
Buy Manglore Chemicals above: 50.76 Targets: 52.53 - 54.36 - 56.22  Stoploss : 49

Location: Indore, Madhya Pradesh 452001, India


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