Poor performance of the stock market heavyweight stocks continued today. New week, dominated the heavyweight stocks idling. Sensex and Nifty have declined marginally today. The small marginal shares, which are constantly being rushed. Midcap index gained more than 0.5 per cent today. BSE Midcap Index was up 2.5 percent last week. In this race of small Mjulon realty stocks are bouncing too much. Public banks also showed up today.
The 30-share BSE Sensex finally leading index closed at 19 410, with a slight decline of 14.4 points. The NSE 50-share Nifty key index gained 1.5 points and closed flat at 5909 levels.
In today's business index 0.6 per cent and BSE Smallcap Index Midkar closed 0.3 percent higher. However, consumer durables, IT, oil & gas, capital goods, auto and power stocks witnessed selling pressure in the course. Major banks and financial stocks, Bank of Baroda, HDFC, PNB, Kotak Mahindra Bank and SBI gained 4.2 to 0.3 per cent. The mid-cap bank stocks, Lakshmi Vilas Bank, Karnataka Bank, Corporation Bank, Federal Bank, State Bank of Travancore, State Bank of Mysore, State Bank of Bikaner & Jaipur, Punjab and Sind Bank and United Bank saw a boom environment .
Real estate stocks HDIL, Unitech, Indiabulls Real Estate and DLF has managed to close with a gain. Pharma stocks Dr Reddy's, Cipla and Piramal Enterprises closed up. However, due to rupee TCS, Hexaware and MphasiS shares fall as it closed at. Increased pressure from SAP of sugarcane in UP Balrampur Chini, Bajaj Hindusthan and Shree Renuka Sugars such as Chinese companies engaged in the business also closed with weakness. Also because of the uproar in Parliament on Wal-Mart's lobbying Pantaloon Retail, Provogue, Shoppers Stop and retail companies such as V 2 Retail plummeted.
Stock Intraday Tips For Tomorrow:
BUY Jain Irrigation Systems Ltd. with a Target of 74 with a Stop Loss of 71.40
BUY State Bank Of Mysore with a intraday Target of 706 and a stop loss at 691
BUY Unitech Ltd. for Intraday trading with a Target of 37.20 with a Stoploss of 35.10
BUY Reliance Infrastructure Ltd. for intraday Target of 526
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