Indian Stock Market Under Pressure, Small Mid Cap Rising Banking Down

After a surprising performance on week's first trading session, the Indian Stock Market seems under pressure and dealing low, while the Small Cap and Mid Cap sectors are rising high today. Along with the Capital Goods & Fmcg, the Banking Sectors are trading poorly, while Auto Sectors are higly paced up. Sensex is currently trading at 2680.46 with the loss of 65.46 points and Nifty is trading at 8216.25 with the loss of 22.25 points. As per the Global cues there are big chances that the Indian Market may recover the early loss in the noon session.  

Cancer causing agent Potassium Bromate has been found in the Bread, so the Government has banned the use of Potassium Bromate. Bread manufacturing companies like Jubilant Food and Britania Industries have been moving down after the announcement. CCI has approved the deal of Black Stone with Mphasis. As per the deal Black Stone will buy the 50% stakes of HP in Mphasis. This news gave a big hike of 1.48% to Mphasis's stock. The Initial Public Offering of Mahanagar Gas will be open today. The company has collected 309 crore rupees from the anchor investors. Indraprastha Gas and Gail India have received positive impact today. GOL Offshore has got approval from share holders to to convert the debt into equities. The company is currently trading up with the hike of 3.98%. In May month, the domestic air travel has been increased by 22%. This news will definitely benefit the Airlines companies.

Sell Jubilant Food below: 1056.25   Targets: 1048.66 --- 1040.58 --- 1032.53 ---Stoploss : 1064.39

Sell Britania Industries below: 2575.56   Targets: 2564.17 --- 2551.53 --- 2538.91Stoploss : 2588.27
Buy Mphasis above: 546.39   Targets: 551.97 --- 557.86 --- 563.78 Stoploss : 540.56
Buy Gail India above: 390.06   Targets: 394.82 --- 399.80 --- 404.81 Stoploss : 385.14
Buy indraprastha Gas above: 625.00   Targets: 630.95 --- 637.24 --- 643.57Stoploss : 618.77
Buy GOL Offshore above: 45.70   Targets: 45.82 --- 45.96 --- 46.10 --- 46.25Stoploss : 45.56

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Market Check 05 May 2015 Tuesday

05:37 pm- Kotak Mahindra Bank January-March quarterly Net Profit raised 29.48% to Rs 527 Crore. Bank Interest Income increased from Rs 967 crore to Rs 1123 crore. On YOY basis the growth in income from interest is 16.3%.

 

05:13 pm - Mentha oil is traded at Rs 1058 with gain of Rs 20 on Monday. In upcoming trading session Mentha oil price may reached to Rs 1120.

04:42 pm- 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. Read More... 

  
04:13 pm- Channa has taken upper circuit of 4% and its price reached above Rs 4370. Soyabean and Mustard is trading with 3% gain. Wheat price moved 1.25% higher, cotton price rise steadily and has been costly nearly 7%.

 

04:12 pm- Gold continues to fall, US non-form payroll data is going to declare this week, due to this Gold price has came to 1.5 low level in international market. Silver also traded under pressure. At MCX Gold June future is traded at 26782.00 down 0.32% and Silver May future is traded at 37032.00 down 0.26%.

 

01:55 pm- Investors can make more profit to invest in Housing Finance sector shares, this shares will give more than 20% return.

11:50 am- Market is moving ahead from slowness, SENSEX and Nifty gained 025%. Midcap and Small Cap shares are now in buying trend. CNX midcap index moved 0.75% up, and BSE Smallcap index gained 0.5%

11:12 am- Tata Power(May Future): Sell below 77.43 Target 76.76 stop loss 78.26.

  

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