Market States

Tuesday, 23 June 2015

Nifty nears 8,400, Man Industries up 20%; AztraZeneca 9%; top 20 bets..

NEW DELHI: NEW DELHI: The S&P BSE Sensex pared gains after rallying over 150 points in the morning trades.

Nifty was trading flat after it reclaimed the psychological level of 8,350.

Global markets were firm on revived hopes of Greece striking a deal with international creditors. Most Asian markets logged healthy gains. Nikkei ended the day at 20,809, up 1.87 per cent.
Chinese stocks made a smart rebound after falling as much as 4 per cent in trade. The mainland China's benchmark Shanghai Composite rose 1.6 per cent.

Shares of Sun TV plunged 6% in intraday trade. The Prime Minister's Office (PMO) has weighed in on the standoff between the ministry of home affairs (MHA) and the ministry of information & broadcasting (MIB) over the former's denial of security clearance to 33 channels of the Sun Group, and indications are that it has found more merit in the MHA argument.

Markets @ 12:35

 Sensex: 27,793, up 63 points; Nifty: 8,375, up 22 points

Top Gainers

COAL INDIA (2.6%), CIPLA (1.7%), L&T (1.7%), BHARTI AIRTEL (1.5%), ONGC (1.2%)

Top Losers

INFOSYS LTD (-1.8%) HERO MOTOCORP (-1.5%), TATA POWER (-1.4%), WIPRO (-0.5%), NTPC (-0.5%)

 

BUZZING STOCKS:


Ashiana Housing rallied over 9 per cent in intraday trade.

Aarti Drugs rose over 6 per cent in intraday trade.

PNB gained 4.2 per cent in intraday trade.

AstraZeneca rallied over 9 per cent in intraday trade.

Man Industries surged 20 per cent in intraday trade.

Sun TV plunged 6 per cent in intraday trade.

WHAT TOP EXPERTS SAY

Not much correlation between Indian and Chinese markets: Hans Goetti, BIL. Watch here

Not full-on retreat from recent correction: Cameron Brandt, EPFR Global. Watch here

Will look to buy stocks that have great penetration stories in India: Cartica Capital

Recommend to use the bounce in telecom stocks to trim positions: CS on Telecom

India an attractive place to invest as long as growth continu ..Read More

NEW DELHI: NEW DELHI: The S&P BSE Sensex pared gains after rallying over 150 points in the morning trades.

Nifty nears 8,400, Man Industries up 20%; AztraZeneca 9%; top 20 bets

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