Intraday Trading Tips Today Market Updates

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Market News:-

• The market started off last day of the week on a positive note, tracking global and oil rally. The 30-share BSE Sensex rose 79.40 points to 24756.77 and the Nifty advanced 21.65 points to 7534.20.
• Hindalco Industries, Bharti Airtel, TCS, ONGC, Adani Ports, Idea Cellular, Cairn India and Vedanta gained 1-2 percent while Lupin fell 2 percent on CLSA downgrade. Sun Pharma, HUL, Dr Reddy's Labs and BPCL were other losers.
• The Indian rupee opened with a gain of 13 paise at 66.62 per dollar today against previous close of 66.75.
• Asian markets were mixed with the Shanghai rising 1.9 percent and Hang Seng up 0.7 percent while Nikkei fell 1.4 percent.
• Cement prices have rebounded by Rs 20-70 per bag in the north, west and central regions in the past one month. On the other hand, prices have fallen by Rs 10-30 per bag in the east and south.
• Christopher Wood of CLSA says current crude oil rally is a countertrend move driven by hopes of a production freeze between Russia and Saudi Arabia and will fail, just as the rally in the second quarter of last year failed.