After a blockbuster rally on Monday, the market opened today
on a mild note with positive bias. The Sensex is down 29.87 points at 21104.34,
and the Nifty is down 12.50 points at 6260.25. About 177 shares have advanced,
155 shares declined, and 203 shares are unchanged.
Coal India, Sesa Sterlite, Hindalco, ITC and Tata Steel are
top gainers in the Sensex. On the losing side are Tata Power, NTPC , ONGC ,
Infosys and BHEL .
The Indian money market is closed today on account of
Eid-e-Milad. Asian markets joined the Wall Street sell-off with the Japan's
Nikkei 225 Average falling more than 2 percent due to a sharp uptick in the
yen. Hang Seng, Kospi, Straits Times and Taiwan Weighted declined marginally
while Shanghai Composite gained outperformed, rising 0.5 percent.
The US markets, fell sharply drawing concerns from the weak
US jobs data and the fear of the reduction in the monetary stimulus. Dow posts
biggest decline in three months and loses 179 points, S&P 500 on the other
hand was down 23 points.
In commodities, Brent crude hovers around 106 dollars per
barrel and gold holds above 1250 dollars. In other asset classes, the dollar
index trades around 80.60 levels. The rupee closed flat at 61.52 against the
dollar. The yen rises to 103 versus the dollar.
Stocks to Buy Today:
Buy ITC, Target Rs 340 and Stoploss Rs 317
Buy Amara Raja Batteries, Target Rs 365 and Stoploss Rs 335
