Wednesday 8 June 2016

Sensex Nifty Flat, Commodity Market Rolling Up

On Wednesday Morning Session, the Indian Rupee opened with the minor loss of 1 paisa against the Dollar, while Stock Market gave a positive opening, but still seems to struggling today. Sensex is hovering around 27043.78 with the hike of 34.11 points and Nifty is holding at 8269.20 with the lead of 2.75 points. From Bse Sectors, we are getting average reviews, but most of the sectors are having positive leads. In Commodity Market, most of the Mcx Ncdex Commodities are trading up with positive leads, except Dhaniya and few other Agri Commodities, but overall is good. In Mcx Commodity Market, Gold is trading at 29465 with the hike of 99 points, Silver is trading at 39183 with the hike of 173 points and Crude oil is trading at 3372 with the hike of 27 points. 

Telecom Commission has approved the 3% Spectrum Usage Charge and also accepted the proposal of 1% spectrum usage charge for 2300 Megahertz band. Now the Telecom Companies will have to give the minimum amount to the Telecom Department. Telecom Companies like Bharti Airtel, Idea Cellular and Reliance Communications have already hiked up after this announcement. Asian Granito India has got the 12 lakh square meter order for Vitrified Tiles. This news made a big positive impact on Asian Garito's Stock and the company's stock is currently trading with the hike of 8.31%. 

Expert advice to -
Buy Idea Cellular above: 107.64 Targets: 110.19 - 112.83 - 115.5  Stoploss : 105.06
Buy Bharti Airtel above: 356.26 Targets: 360.81 - 365.58 - 370.37 Stoploss : 351.56
Buy Asian Granito above: 189.06 Targets: 192.41 - 195.9 - 199.41 Stoploss : 185.64


1 comment:

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