Market Closed with Loss on 1st Day of New Financial Year

After a terrible financial year, market gave a weak opening on the first day of financial year 2017. The April series started on Friday, the top Indian Benchmark Indexes BSE Sensex fell down by 72.22 points and went down to 25269.64 and NSE Nifty fell down by 25.35 to 7713. In NSE Sectors IT, Metal, Pharma, Energy and Auto was in loss, whether Infra, Bank, FMCG, PSU and Mid100 Free was in profit today. If we talk about the Nifty Stock Performance,  Bank of Baroda secured the top most position are receiving the hike of 3.95%, followed by ITC, ACC, Bhel, Larsen and Bharti Airtel became the top loser after receiving the loss of 4.38%, followed by Bosch, Idea Cellular, TCS and Tech Mahindra. In Global Market, Japanese benchmark index Nikkei has received the loss of 594.51 points and currently trading at 16164.16.

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Tuesday Trading Session Market Updates

On Tuesday Trading Session, Stock Market opened poorly today. Sensex and Nifty both are flat on the level of 252823.98 and 7701 with the respective loss of 1.39 and 3.25 points. Along with the Stock Market, the whole Commodity Market also seems moving downwards. 

JMC Projects India has received the orders of 930 crore rupees. After the news the company stocks took a big jump and currently moving with the hike of 7.67%. Bharti Airtel has made an agreement with the American Tower Corp to sell the Tanjania Tower Portfolio in 17.9 crore Dollar. Indoco Remedies has got approval from USFDA to build a manufacturing unit in Goa. After the approval, Indoco Remedies hiked up by 13.06 points. The Government can give the 100% FDI approval in Commodity Broking. Along with this, SEBI can also allow the options trading in Commodity.

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Thursday Market Hot Stock News

Reserve Bank of India has removed the name of Kotak Mahindra Bank from Foreign Investment ban list. Higher movements are expected today from Kotak Mahindra Stock. Due to the hearing of call drop case in Supreme court the stocks of Bharti Airtel, Reliance Communications and Idea Cellular seems very active today. However, all these stocks are already moving in negative zone. 

The Cabinet Committee of Economic Affairs will give declaration on the increment Natural Gas prices. This increment will definitely affect the ONGC Stock. Dalmia Bharat has allotted 75 lakh shares to KKR. After this announcement the stock of Dalmia Bharat took a big jump and currently moving up with the hike of 4.03%. Expert Advice to 

Buy Dalmia Bharat above: 763.14 Targets: 769.67 - 776.62 - 783.6 Stoploss : 756.25

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Intraday Equity Tips & Latest News on Ashok Leyland, Sobha Ltd

Ashok Leyland had received an order worth 5 crore Dollar from Zimbabwe Government for 680 Vehicles and spare parts. This deal will make a positive impact on the Ashok Leyland Stocks. Hearing for Call Drop Case will be executed today in the High Court. Telecommunication Industry is already going through a cold session, but the court decision might bring some hot movements today. Especially on Bharti Airtel, Idea Cellular and Reliance Communications. Sobha Developers has reached the new sales of 8.06 lakh square feet of worth 478.3 crore rupees in the third quarter of the financial year 2016. 

Expert advice to Buy Ashok Leyland for Target 92.19 and Buy Godrej Industries for Target 408. 

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