Thursday, July 5, 2012

Thursday Morning Market Updates- 5 July 2012


Sensex And Nifty Updates
On Wednesday, although Sensex and Nifty opened on a positive node in early trade, it ended RED. Today Thursday Morning Both Sensex and Nifty opened Flat. Sensex trading 3.76 points down at 17459.05 or -0.02% and NIFTY down by 1.90 points trading at 5300.65 or -0.04%. 

The Bombay Stock Exchange’s small cap index trading at 6772.58 up by 46.03 points or say 0.68% from the previous close. The National Stock Exchange’s Nifty shut shop at 5,302.55, up 14.60 points or 0.28 %.

The rupee fell in opening trade today. Rupee closed at 54.48/49 on Wednesday and is presently at 54.98/00.

Here are the intraday tips/recommendations by our research analysts are:


1) Apollo Tyres Ltd : ‘SELL’ call with a target of Rs 72 and a stop loss of Rs 78.60

2) ONGC: 'SELL' with a target of 270 and a stop loss of 293.4.

3) JSPL: 'BUY' with a target of 500 and a stop loss of 449.4.

4) Indian Bank: ‘BUY’ call with a target of Rs 196 and a stop loss of Rs 184.

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