Steel MIP Market News with New F&O List

USL, PC Jewellers, Tata Elxsi, KPIT Cummins India, Indo Count Industries and Granules India will be added to F&O on 26th of February. Expert Advice to keep eyes on these stocks.
The Government has decided the Minimum Import Price for Steel and the MIP has been fixed for 117 Steel products. This new step of the Government will definitely benefit the Steel manufacturing companies like Tata Steel and JSW Steel. Stocks of both companies have already started moving upward with a big jump in the morning. 

Expert Recommends to Buy TataSteel above 240.25 for target 244.34 & Buy JSW Steel above for 1072.56 target 1080.23. 

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Power Grid, Redington & Tata Steel Stock Future Market Updates

American Financial Service Company Standard & Poor's has downgraded the rating of Tata Steel by a notch from BB level to BB- level. Tata Steel Shares received a big drop after the news on Thrusday. Power Grid Share has started to move up on Thrusday, after it has given approval of Rs 2510 crore investment for Transmission Projects. Expert says, buying Power Grid Corporation can turn higher returns. 

HDFC Mutual fund has bought 80 lakh shares of Redington at Rs 110 per share. On the other side, FID Funds has sold 59.34 lakh shares in Redington at Rs 110 per share. Redington's stock is currently moving up with the hike of 5.80 points. 

Expert Recommends to Buy Redington for Target 118.21, Buy Power Grid for Target 149.99 & Sell Tata Steel for Target 225.11. 

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Stock Tips with Market News on Tata Steel & Orchid Pharma

On Tuesday, Tata Steel's Share price got boosted up suddenly with the news of TATA STEEL is selling its long product unit to GrayBull. For today, there are big possibilities that Tatasteel market will rise and shine. 

Orchid Pharma's European Subsidiary went into a financial agreement by signing a pact for $800 million loan from Line Trust International. This funding will definitely give the business an incremental value. 

The Cabinet committee has approved the ONGC for the investment of 5000 crore rupees in ONGC Videsh Ltd. After this investment, the capital base of OVL will strengthen up and will hike up to 15000 crore. 

Expert advice to Buy TataSteel and Orchid Pharma with the target of 276.25 and 64.47 

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SENSEX and Nifty closed with slight decline

SENSEX closed with slight decline on Tuesday trading session, SENSEX slipped 50 points and Nifty dropped 11 points. Bank and Auto index was down in today's trading session , while market got support due to buying of Commodity, Metal and Realty index.

Top gainers Kotak Mahindra, SESA Sterlite, NMDC, Tata Steel, Hindalco.

Top Losers Cairn india, M&M, HDFC, Cipla and SBI.

In midcap stocks Sunpharma Advanced, KRBL, Vakrangi, Alcargo and SKS Microfinance gained 7.8-3.9% in Small cap shares KSL, Shri Ram EPS, ESS DEE, Diamond Power and Gati stocks gained 15.3-6.3%.

Expert View: Nifty may traded in 8290-8400 range for short term.

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