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.

For more information visit

www.capitalheight.com/about.php and call

9993066624.

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. 

          CapitalHeight provide all Intraday Trading Tips and services through SMS and Instant Messenger. For 2 Days Free Trial, please visit our site at www.capitalheight.com/about.php  or Call at 0731-6615050, 9993066624.

           

Get Free Accurate Intraday Stock Market Tips

HDFC Bank's third quarter earnings matched analysts' expectations on Monday. Profit increased 20 percent  year-on-year to Rs 3,357 crore during the quarter, supported by operating profit, net interest income and other income.
   Nearly half of the revenue growth has come from recent acquisitions, says Anand Deshpande, Founder, MD & CEO, Persistent Systems , adding there was extra contribution from the Aepona acquisition.

   Net interest income, the difference between interest earned and interest expended, climbed 24 percent to Rs 7,068.51 crore in Q3 compared to Rs 5,700 crore in year-ago period.

Equity benchmarks as well as broader markets trimmed gains following correction in European peers and crude oil prices. The Sensex rose 17.59 points to 24453.25 and the      Nifty gained 7.45 points at 7429.90.

   Shares of ITC slipped over 1 percent intraday after it announced December quarter results. Analysts are not bearish on the stock but have tweaked target and earnings estimates.

    Non-banking finance company SKS Microfinance is expected to continue to report solid set of earnings for third quarter. Profit is likely to jump 96.3 percent during the quarter to Rs 80.6 crore and net interest income is seen rising 89 percent to Rs 161 crore compared to year-ago period, according to analysts polled by CNBC-TV18. Earnings will be announced on January 27.

   Long build-up was seen in Cairn India, Bata India and Jubilant Foodworks. These stocks rallied 5 percent each in cash market. Cairn's open interest increased 6.5 percent followed by Jubilant Foodworks 5 percent and Bata India 4 percent. 
For more info visit www.capitalheight.com/about.php or call at +91 9993066624, 0731 - 6615050.

Get Intraday Market Recommendations with Indian Share Market Tips

The Intraday market has opened on a strong note. The Sensex is up 88.75 points at 20900.19, and the Nifty is up 23.10 points at 6209.20. About 274 shares have advanced, 70 shares declined, and 5 shares are unchanged. Banks are lending support to the indices.

HDFC, Tata Power, Bharti Airtel, NTPC and Sesa Sterlite are top gainers in the Sensex. Among the laggards are Bajaj Auto, Hindalco and Dr Reddy's Labs. The Indian rupee opened with a marginal gain of 8 paise at 61.98 per dollar on Tuesday as against previous day's closing value of 62.06 a dollar.
The Indian equity market is expected to see a positive opening as indicated by the SGX Nifty that rose 25 points to 6,220. The Sensex rose 110.69 points to close at 20,811.44 and the Nifty climbed 30.65 points to 6,186.10.
Meanwhile, Wall Street ended higher though off session highs with the S&P 500 that was trading just below the record close. European markets too ended higher after Spain was upgraded by Moody's. Asian markets were trading in the positive territory in the morning trade.

For 2 Days Free Trial on Indian Share Market Tips, Pre Market Tips, Share Market Recommendations, Today Stock Cash Tips, Intraday Trading Tips, Commodity Trading Tips and Premium Services. Get Live Intraday Market Updates please visit our site at www.capitalheight.com/services.php or call our 24/7 Customer Care Support us at +91 9993066624, 0731 – 6615050.