Wednesday, 5 October 2016

Nifty struggles below 8800, Sensex flat; SBI, Tata Motors up

SBI, Tata Motors, NTPC, Maruti and Tata Steel are top gainers while Bajaj Auto, ONGC, Wipro, ONGC, M&M and HDFC are losers in the Sensex. 

The market has become flat after initial rush in opening. The Sensex is up 8.55 points at 28343.10 and the Nifty is down 4.05 points at 8765.10. About 1246 shares have advanced, 745 shares declined, and 78 shares are unchanged.

SBI, Tata Motors, NTPC, Maruti and Tata Steel are top gainers while Bajaj Auto, ONGC, Wipro, ONGC, M&M and HDFC are losers in the Sensex.

Sakthi Siva of Credit Suisse said, "The MSCI Asia ex-Japan Tech is up 40 percent from the lows in late January. For investors like us who are overweight tech, the key question is whether to take profit, particularly as cyclicals have outperformed defensives by 12.8 percent from the lows, and the cyclicals to defensives P/B gap has narrowed sharply to -0.42x, close to the -0.36x historical average."

"While we are sticking with our overweight in tech, we are suggesting a switch to banks for investors who want to take profit. One of the top picks from the CS regional portfolio is HCL Tech," he added.
www.Bigprofitbuzz.com


2 comments:

BIGPROFITBUZZ said...

#Performance of the Day (5th Oct 2016)

#Equity Profit Buzz Performance (5th Oct 2016)
1. TATASTEEL (Exit Cost to Cost)
2. RELINFRA EQ (Loss Rs 2/Share)

#Derivative Profit Buzz Performance (5th Oct 2016)
1. RELINFRA FO (Profit Rs 14300/Lot)
2. TATASTEEL (Exit Cost to Cost)

#Nifty Profit Buzz Performance (5th Oct 2016)
1. BANKNIFTY (Profit Rs 4680/Lot)
2. NIFTY (Exit Cost to Cost)
3. NIFTY (Loss Rs 1500/Lot)
4. BANKNIFTY (Loss Rs 3200/Lot)

#Option Profit Buzz Performance (5th Oct 2016)
5. CENTURYTEX 960CE (Profit Rs 5500/lot)

#Jackpot Profit Buzz Performance (5th Oct 2016)
1. SUNPHARMA (Profit Rs 3000/Lot)
2. SUNPHARMA (Loss Rs 5/Share)

#Multi Profit Buzz Performance (5th Oct 2016)
1. RELINFRA FO (Profit Rs 14300/Lot)
2. RELINFRA EQ (Loss Rs 2/Share)
3. TATASTEEL (Exit Cost to Cost)
4. BANKNIFTY (Profit Rs 4680/Lot)
5. BANKNIFTY (Loss Rs 3200/Lot)
6. NIFTY (Exit Cost to Cost)
7. NIFTY (Loss Rs 1500/Lot)
8. CENTURYTEX 960CE (Profit Rs 5500/lot)
www.BigProfitbuzz.com/

pranjali upadhyay said...

Ashok Leyland eyes over Rs 2,000 cr from defence biz in 5 years
Capitalstars