10 March 2015

Today Intraday Tips; Sensex trading in a range, Nifty tests 8750 levels

Today The Intraday market is flat as the Sensex is up 8.38 points at 28853.16 and the Nifty is down 3.20 points at 8753.55. About 1366 shares have advanced, 1209 shares declined, and 202 shares are unchanged. Bharti Airtel, Coal India, M&M, Bajaj Auto and ICICI Bank are top gainers while HDFC, HUL, ONGC and Wipro are among losers in the Sensex.
The markets are trading with caution, flipping between red and green zones, amid a selloff in other Asian markets. Domestic passenger car sales grew by 6.85 percent to 1,71,727 units in February this year as compared to 1,60,717 units in the same month of 2014.Equity benchmarks continued to move in a tight range from early trade while the broader markets marginally outperformed.
The Sensex declined 4.89 points to 28839.89 and the Nifty slipped 7.90 points to 8748.85. About 1354 shares have advanced, 1127 shares declined, and 205 shares are unchanged on the BSE. The rupee continued to fall today on fears that the US Fed will hike rates in their upcoming monetary policy meet, down 8 paise to 62.63 a dollar. The dollar index hit a fresh 11.5-year high.

Top Sensex gainers: BHARTI AIRTEL (2.9%), COAL INDIA (2.6%), M&M (2.5%), BAJAJ AUTO (1.6%), BHEL (1.3%). 
Top losers: HDFC (-2.7%), GAIL (-1.7%), TCS (-1.4%), WIPRO (-1.4%), HUL (-1.3%)
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