Today's Intraday Market Overview

Today's Market Outlook:- 

• It was a consolidation session for the market on Friday but the week was strong as equity benchmarks saw biggest weekly gains in 2016 on short covering and globally rally & oil recovery.

• The market gained for third consecutive session today with the 30-share BSE Sensex rising 59.93 points to 23709.15. The 50-share NSE Nifty closed above 7200 level, up 19 points to 7210.75, supported by technology & oil and select banks & auto stocks.
• Tata Steel gained 1 percent as sources told CNBC-TV18 that the Tata Group company is going to undergo massive consolidation & debt reduction drive that will bring down its debt by 10-15 percent by end Of CY16.
• Punjab National Bank topped the buying list on Nifty, up 5 percent on a media report that the bank may consider selling stake in subsidiaries for raising funds.
• Larsen & Toubro was up 0.2 percent on getting orders worth Rs 1,404 crore in power transmission & distribution and heavy civil infrastructure segments.
• In aviation, SpiceJet surged 4 percent after it recorded highest passenger load factor (92.1 percent for January) among all airlines in India. Jet Airways gained nearly 3 percent after a media report suggested that Etihad Airways is set to raise its stake in company to 49 percent from 24 percent.

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Today Intraday Trading Tips; Live Equity Stock Market News

The Indian Stock market rebounded sharply on Monday, tracking positive global cues. The Sensex rallied 197.15 points or 0.72 percent to 27655.79 and the Nifty reclaimed 8400, up 60.80 points or 0.73 percent at 8402.20. About 474 shares have advanced, 71 shares declined, and 88 shares are unchanged on the BSE.
The Indian share market extended gains led by banking & financials, FMCG, telecom, capital goods and technology stocks. The Sensex climbed 246.48 points or 0.90 percent to 27705.12 and the Nifty jumped 67.70 points or 0.81 percent to 8409.10. The broader markets outperformed benchmarks with the BSE Midcap and Small cap indices rising 1.4 percent and 2.2 percent, respectively.
More than 4 shares advanced for every share declining on the Bombay Stock Exchange. Telecom stocks rebounded today after the sell-off seen on Friday. Idea Cellular and Bharti Airtel gained 2.5 percent each. Telecom stocks rebounded today after the sell-off seen on Friday. Idea Cellular and Bharti Airtel gained 2.5 percent each.
Shares of HDFC, ITC, L&T, SBI, Axis Bank, M&M, HUL, Cipla, Wipro, NTPC, Tata Steel, Sesa Sterlite and BHEL were prominent gainers in trade, up 1-2 percent. ICICI Bank, HDFC Bank, Infosys and Sun Pharma advanced over half a percent. However, Reliance Industries, Hindalco Industries, Bajaj Auto, Dr Reddy's Labs and GAIL underperformed.

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