Friday, 27 November 2015

Today Stock Market Update

Sensex reclaims 26000, Nifty hits 7900; Tata Motors leads Lupin, Tata Motors, Sun Pharma, Axis Bank, Bharti Airtel, Bank of Baroda, ONGC and IndusInd Bank were early gainers, up 0.5-1.5 percent. GAIL and Bajaj Auto were under pressure.
  • The S&P BSE Midcap Index was up 0.30 per cent and BSE S&P Smallcap Index was trading 0.38 per cent higher. 
  • Nifty The market rebounded after a fall in previous two consecutive sessions, closing the November F&O expiry above 7850 level on hopes of passage of Goods & Services Tax (GST) Bill in Winter Session of Parliament. Nifty future up by 49 points to end at 7881.
  • Sun Pharma gained 4 percent after the company and its subsidiary dropped their plan to invest in wind energy business.
  • Idea Cellular was up 4.7 percent after the telecom operator entered into an agreement with Videocon for acquiring right to use spectrum in Gujarat & UP (West) circles. Videocon Industries gained 4 percent.

  • Asian and European markets rose on Thursday as traders cheered the prospect of fresh monetary stimulus in Europe.
  • The Dow Jones industrial average rose 1.2 points, or 0.01 percent, to 17,813.39, the S&P 500 lost 0.27 points, or 0.01 percent, to 2,088.87 and the Nasdaq Composite added 13.34 points, or 0.26 percent, to 5,116.14.
  • Data showed claims for jobless benefits fell more than expected to 260,000 last week, while durable goods orders for October, excluding aircraft, increased 1.3 percent, far more than the 0.4 percent expected.
Today’s Stock Recommendation
Technical Overview:
  • Stock recommendation for 27/11/2015 is Jet airways ltd. In today’s trading session it was up by 6.95 %. Its long term trend is up. It has made a green candle indicating further buying in daily chart. Its short term support level is 489. All the indicators are suggesting that one can go for long position in this stock above 505 levels. The stock may test level of 520-535 in coming days.

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