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The last trading day of the week, Stock market opened in red today. The 30-share BSE index, Sensex collapsed 89.84 points and the 50-share NSE index, Nifty shed away 24.75 points and opened with 5,683.30 points.
The country's second largest software company, Infosys flung over 7 percent after the revision of the guidelines of the company. Indian stock market opened imperceptibly lower due the blow down after the India's second-ranked software services provider reported a net profit of Rs 2,370 crore for the quarter ended September 2012 in comparison to the expectation of Rs 2,378 crore.
Stock Market intraday tips for 12th October
1. Federal Bank is a ‘BUY’ call with a target of Rs 510 and a stop loss of Rs 469.
2. Lupin Ltd is a ‘SELL’ call with a target of Rs 525 and a stop loss of Rs 558.
3. Unitech Ltd is a 'BUY' call with a target of Rs 29.50 and a stop loss of Rs 26.
4. Power Finance Corporation is a 'BUY' call with a target of Rs 221 and a stop loss of Rs 202.
5. JSW Steel Ltd is a 'BUY' call with a target of Rs 805 and a stop loss of Rs 756.
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