Intraday Day Trading Tips; Sensex is up 79.22 points

The market has opened in green on Tuesday. The Sensex is up 79.22 points or 0.3 percent at 25516.19, and the Nifty is up 18.90 points or 0.2 percent at 7824.80. About 396 shares have advanced, 105 shares declined, and 35 shares are unchanged. 

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 The Indian rupee opened higher by 9 paise at 66.35 per dollar on Tuesday against previous close of 66.44.

GAIL, Hero MotoCorp, Tata Motors, Adani Ports and Hindalco are top gainers while Dr Reddy's Labs, ICICI Bank, HUL, Bharti and Sun Pharma are losers in the Sensex.

Asian stocks turned higher after a positive lead from Wall Street overnight, with Australia's shares shaking off early losses. Japan's markets are closed Tuesday due to the Constitution Day holiday. The Nikkei 225 finished down 3.11 percent on Monday, weighed by a surge in the yen against the dollar.

Adani Ports, Tata Motors, Hindalco, HDFC and Bharti Airtel are top gainers while Sun Pharma, Coal India and Dr Reddy's Labs are losers in the Sensex.

Today's Intraday Market Overview; Sensex closed up 481.16 points

The Nifty has ended at highest level since January. The 50-share index was up 141.50 points or 1.8 percent at 7850.45. The Sensex closed up 481.16 points or 1.9 percent at 25626.75. About 1557 shares advanced, 1119 shares declined, and 152 shares were unchanged.

M&M, ICICI Bank, Maruti, BHEL and Bajaj Auto were top gainers while Infosys and Adani Ports were losers in the Sensex.

The buyback announcement by Wipro, feels Kawaljeet Saluja, executive director & head of research at Kotak Institutional Equities, is basically a tax-efficient cash-distribution approach adopted by the company, given the high tax incidence on dividend distribution.

Saluja agrees tightening of execution under the new chief executive at Wipro and opportunities to capture low hanging fruits in terms of business are positives which might aid growth in FY17.  However, sustainable growth and convergence of growth rate with the industry will take time, he says citing reason for a reduced rating on the stock.

India's fuel demand surged to its highest level in at least 15 years in the fiscal year ended March, driven by growing appetite for gasoline-guzzling vehicles and a boost in mining and manufacturing activity.

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Today's Intraday Stock Market News By CapitalHeight

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Today Market Tips 

• Indian shares are likely to start without firm direction, tracing Asian equities that are mostly treading water, even as an oil rally gave US shares a boost overnight.
• At the time of writing, the SGX Nifty was little changed, up 0.03 percent, or 2 points, to 7,636.
• Asian markets were broadly higher, with the Nikkei rising 0.5 percent even as fresh concerns have started arising over the US dollar's recent fall against the yen.
• oil in the US jumped 5 percent after the US government reported a surprise draw in shale stockpiles. Gold held steady.
• In stocks in news, Tata Steel would continue to remain in focus as fresh developments emerge over its bid to sell its UK business. Jaypee Infra may be in focus after Axis Bank said it had taken over the debt-laden Jaypee's headquarters in Noida. Cigarette stocks will also be in focus after a factory shutdown over proposed stricter pictorial warning rules continues.

Morning Market Intraday Trends and Tips

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Market Outlook:-

Indian shares are expected to start marginally higher, as a strong US jobs data on Friday lifted Asian equities today, offsetting weakness in oil prices.
         At the time of writing, the SGX Nifty was trading 0.24 percent, or 19 points, higher to 7,764.
          Global cues are expected to remain firm after data showed the US added 2.15 lakh jobs, against an expected 2.05 lakh in March. Gold fell following the data release, amid expectations it could advance a Federal Reserve rate hike.
       Locally, many traders may stay on sidelines ahead of tomorrow's monetary policy meeting where the Reserve Bank is widely expected to cut interest rates by 25 basis points.
          In stocks in news, HCL may witness action after it said it would acquire smaller peer Geometric in an all-stock deal.
          Auto companies may also be in focus after they declared their monthly auto sales numbers while tobacco shares may be in focus after cigarette makers shut down factories to protest against warning rules.

Day Intraday Trading Tips; Sensex fell 79.75 points to 25262.11

The market has started off April series and financial year 2016-17 on a negative note, tracking weak Asian cues. The Sensex fell 79.75 points to 25262.11 and the Nifty declined 30.05 points to 7708.35 on profit booking.
             Bharti Airtel, GAIL, Hindalco, Tata Steel, M&M, Aurobindo Pharma and BPCL were losers in early trade while BHEL, Wipro, Coal India, ITC, Cipla, Asian Paints, HCL Tech and Wipro gained.
             Shares of MEP Infrastructure Developers rose 3 percent intraday as the company has declared as the successful bidder by National Highways Authority of India (NHAI).

            The word in the media is HCL Technologies could be a likely buyer. It would be looking to acquire 37 percent in Geometric.
              Mumbai-based engineering solutions company Geometric will hold a board meeting today evening to discuss its restructuring options. 

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