Friday Evening Stock Market Closing Updates

Indian Stock Market could not make to the green zone and ended up with loss. The market seemed to moving sluggish today. Sensex closed at 25301.90 with the loss of 97.82 points and Nifty ended up at 7749.70 with the loss of 33.70 points. Except FMCG, all Bse sectors had been trading and ended up in negative zone. Adani Ports, ITC, Idea Cellular, Tata Powar and ONGC are the top gainers, while Lupin, ICICI Bank, Bpcl, Ambhuja Cements and Bharti Infratel are the top losers today. In Asian Market, all Asian indices have performed very well and gained higher positive leads. 

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Stocks For investment Experts Recommendation.

Maruti Suzuki- Buy with target of Rs 4450. Brokerage houses increase the company EPS 3-5% for fiscal year 2016-17.

ICICI Bank Buy with target of Rs 440. Experts hopes for improved asset quality and rerating.

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Housing Companies will boost due to cheaper home loans

Bank and Housing finance companies have begun to cut interest rates on home loan. After SBI and HDFC now ICICI Bank and Axis bank also reduced home loan rate 25%. Market Experts says that realt estate and housing companies get most benefit due to reduced interests.

Loan demand is currently the greatest concern of these companies, but now by reducing interest rates the demand of housing loans may pick up again. Shares of companies also get benefited.

Investors can make profit to bet on ICICI Bank, SBI, HDFC, DHFL stocks.

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