Share Market Reports: Stock Tips In Indore

Share Market Report

Key indices meandered in dull trade Monday afternoon, as traders avoided taking up huge positions in a week marked by Christmas holiday on Tuesday and derivatives expiry on Thursday.

The BSE Sensex was up 42 points at 15284 and the Nifty up 9 points at 5857. Nifty December futures, which were quoting at a premium of 22-25 points over spot earlier in this series, are now quoting at a premium of less than 10 points. However, Nifty January futures are quoting at a premium of over 50 points to spot, indicating a bullish near term outlook on the market.

Lanco shares were up 6 percent, retaining much of the gains made earlier in the day, on a news report that the company was looking to sell one of its power plants to reduce debt.

Glenmark Pharma shares were up 4 percent at Rs 518, following the company signing a deal with Forest Laboratories to develop inhibitors to treat chronic inflammatory conditions, including pain. The stock hit a 52-week high of Rs 527 earlier in the day.

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Share Market Tomorrow: Stocks To Buy 19th Dec

The BSE Sensex rose on Tuesday led by lenders such as State Bank of India, as hopes parliament will pass the banking amendment bill outweighed disappointment after the Reserve Bank of India kept interest rates and the cash reserve ratio unchanged. State Bank of India rose 1.21 percent, after falling as much as 2.8 percent earlier in the day, while ICICI Bank ended up 0.4 percent. 

The Nifty recovered from day’s lows to close in the green at around 5900 and the Sensex too was up 120 points, ending the day at 19,364. Markets analysts are watching whether the government is going to continue with the reforms momentum.

Stocks To Buy Tomorrow:

Apollo Hospitals

Apollo Hospitals creeps up on plans of investing Rs 400 crore for 10 specialised hospitals. Apollo Hospitals Enterprise is currently trading at Rs 814.30, up by 4.30 points or 0.53% from its previous closing of Rs 810.00 on the BSE. The scrip opened at Rs 811.00 and has touched a high and low of Rs 816.30 and Rs 809.10 respectively.

Indian Bank 

Indian Bank trades in green on the BSE. Indian Bank is currently trading at Rs 193.00, up by 1.45 points or 0.76% from its previous closing of Rs 191.55 on the BSE. The scrip opened at Rs 196.00 and has touched a high and low of Rs 196.00 and Rs 189.15 respectively.

HCL Technologies 

HCL Technologies inches up on the bourses. HCL Technologies is currently trading at Rs. 633.35, up by 1.45 points or 0.23% from its previous closing of Rs. 631.90 on the BSE. The scrip opened at Rs. 636.90 and has touched a high and low of Rs. 637.00 and Rs. 624.10 respectively.