Sensex decreased nearly 0.10 percent early on Thursday due to the lack of global and local cues. The losses were led by ht e country's major software company- Infosys followed by the HDFC Bank and ITC. The broader share index Nifty too opened volatile and was trading at 5,386 and was up 0.1 percent.
The Sensex increased by 7.5 points to 17,735.65 and Nifty was up 5 points to 5,386.15. After the independence day stock market was not much affected and the market was trading flat on Thursday.
Infosys decreased to 0.7 percent followed by HDFC Bank which shed 0.3 percent and ITC declined by 0.6 percent.
IDFC share was trading up by 2 percent. The gainers list also included Hero Motocorp and M&M which were up by 1.5% followed by Cipla, Ranbaxy Labs, Cairn India, Reliance Industries, Tata Steel, ACC, Grasim, Bank of Baroda, State Bank of India, Axis Bank, PNB and HDFC.
However Tata Motors, Sun Pharma, HUL, TCS, HDFC Bank, Infosys, Sterlite, JSPL were trading in the Red line today.
The rupee was trading at Rs. 55.93/95 after touching 56 versus its previous close of Rs. 55.65/66.
Stock Nity tips for 16th August 2012
1. ICICI Bank Ltd is a ‘BUY’ call with a target of Rs 1000 and a stop loss of Rs 955.2. Hindustan Unilever Ltd is a ‘BUY’ call with a target of Rs 510 and a stop loss of Rs 488.
3. Adani Ports Ltd is a ‘BUY’ call with a target of Rs 138 and a stop loss of Rs 123.
4. Zee Entertainment Ltd is a ‘BUY’ call with a target of Rs 180 and a stop loss of Rs 169.
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