The BSE Sensex and NSE Nifty opened in green on Tuesday on account of mixed global markets. Sensex opened 151.32 points up at 23153.32, while Nifty opened 51.20 points up at 7,038.25.
Today’s Stock Recommendation
Technical Overview: Stock recommendation for 1/3/2016 is Auropharma ltd. In today’s trading session it was up by 6.46%. Its long term trend is up. It has made a long green candle indicating further buying in daily chart. Its short term support level is 625. All the indicators are suggesting that one can go for long position in this stock above 655 levels. The stock may test level of 670-680 in coming days.
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INDIAN MARKET OVERVIEW
After a noisy ride, the market ended lower on Union Budget day. Nifty future down 46 points at 7008.
The 30-share BSE Sensex up by 126 points at 23028. The market breadth was weak as about 1058 shares advanced against 1430 declining shares on the BSE.
Jaitley had set a tall target of containing India's fiscal deficit to 3.9 percent this fiscal year, 3.5 percent in FY17 and 3 percent in FY18
The government had increased the Clean Energy Cess from Rs 100 to 200 per tonne of coal to finance clean environment initiatives for 2015-16.
Indian shares are likely to witness a strong opening on Tuesday morning as the global markets look supportive with SGX Nifty trading 26 points higher @10132capitalstars
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