Wednesday, February 6, 2013
Share Market Updates and Stock Tips Today: 6th Feb
Share Market Updates:
The International updates suggest a green trend for indian markets. The US stocks finished higher, wiping out most of the previous session's losses, boosted by a batch of encouraging earnings reports and positive economic data from Europe. The CBOE volatility index tumbled below 14. In economic data, the ISM services sector index eased slightly to 55.2 last month from 55.7 in December. The reading was in line with economists' forecasts. The European markets rose, as signs of economic recovery in the euro zone helped soothe investors' worries a day after the return of political risks in Spain and Italy sparked a sell off in stocks.
Stock Tips For Today:
Sell Bank of Baroda
Bank of Baroda, in its last trading it was in a narrow range. There was a gap, but a range that is still narrow, so that narrow range is going to expand whether it expands today or tomorrow. Sell is suggested in Bank of Baroda.
Buy Escort Ltd.
Escorts is a far better stock as compared to Suzlon because Escorts has almost certainly completed its bear market. It is beginning a strong upmove. We suggest to buy Escort Ltd. for mid to long term session.
Buy Titan Industries
Titan Industries closed at Rs 277.30, down Rs 7.50, or 2.63%. Titan Industries is in an uptrend. I would be a buyer in it. Infact most defensives will slowly come in that category. We suggest a buy in Titan Industries for mid to long term.