Intraday Tips With Live Stock Market Update

• The market has opened flat as the Sensex is down 5.40 points 26122.80. The Nifty is down 2.70 points at 7940.00. About 491 shares have advanced, 143 shares declined, and 77 shares are unchanged.
• Asian shares held firm and U.S. stock futures edged higher in early trade on Friday as expectations of additional stimulus from the European Central Bank underpinned appetite for riskier assets, while the euro hovered near seven-month lows.
• Indian shares edged up on Friday as hopes the government would look for a compromise with opposition leaders to pass a key reform on a goods and services tax (GST) lifted sentiment.
• Gains were led by financial stocks with investors buying beaten-down bank stocks. Bank Nifty, a sub-index of the NSE, has lost about 0.37 percent this month.
• ICICI Bank gained 2 percent, Axis Bank rose 1.83 percent and HDFC Bank added 0.62 percent.
• The second quarter FY16 gross domestic product (GDP) is expected to come in at around 7.5 percent compared to around 7 percent on a quarter-on-quarter (QoQ) basis.
• The Indian rupee has opened marginally lower at 66.78 per dollar compared to 66.76 a dollar in previous trading session.
• Back home, the Sensex ended up 169.57 points or 0.65% at 26,128.20, after hitting a high of 26,184.65 intraday. The Nifty closed at 7942.70, recording a gain of 58.90 points or 0.75%, after rising to 7959.30 around late afternoon.
• Global cues were weak with Asian markets closing lower on some disappointing data from the region and on geopolitical concerns due to tensions between Russia and Turkey. European markets are weak as well, although losses are not much pronounced.
• Mahindra & Mahindra looks good for medium term. Buy at current levels and add more at declines.

===============================================

The Indian stock market ended on a firm note on Friday, with investors picking up stocks on hopes the Goods and Services Act Bill will be passed in the winter session of Parliament. Money CapitalHeight Research Pvt. Ltd. Provides stock cash tips, Intraday trading tips on Equity and Commodity Market, please visit this site at www.capitalheight.com/about.php  or call at +91 9993066624, 0731-6615050.