Share Market Tips | Updates

Today the market was lacklustre as the BSE benchmark shed more than 600 points since Friday. The index fell 66.60 points or 0.40%, to close at 16,479.58. Meanwhile, the NSE benchmark declined 25.15 points or 0.5% to 4,974.80.

Steel stocks melted down - Jindal Steel, Sterlite Industries and Tata Steel tumbled 2-3%; even India's largest coal mining company Coal India was down 2.5%.
From the FMCG space, ITC gained 6% at Rs 240 in trades today.

Share Market Tips for Tomorrow 03 May 2012

Today market closed with moderate declines. Nifty closed at 5239.15 with down fall of 9.00 or 0.17% and Sensex closed at 17302, down 17 points from its previous close. The CNX Midcap index was down 0.5% where as the BSE Smallcap index up with 0.2%.

Intraday Calls for tomorrow 03 May 2012:

Buy Hyderabad Industries with a one-month target of Rs 420-440

Buy HPCL with a 1-2 month of Rs 360 and stop loss of Rs 270

Buy ICICI Bank with a 3-month target of Rs 1000 and stop loss of Rs 832