Sensex rebounds over 150 points, Nifty50 reclaims 7,550;
AllCargo jumps 7%
The S&P BSE Midcap Index was up 0.69 per cent and BSE
S&P Smallcap Index was trading 0.73 per cent higher.
Here is a list of top twelve stocks that are in focus today:
TCS Ltd
Infosys Ltd
IT stocks in focus
Coal India Ltd
DCB Bank Ltd
SBI
Pantaloons Fashion & Retail Ltd
Crompton Greaves Ltd
Tata Power Ltd
Godfrey Phillips India (GPI)
Piramal Enterprises Ltd
Radico Khaitan Ltd
Strides Shasun Ltd
Today’s Stock Recommendation by CapitalHeight
Stock recommendation for 13/1/2016 is Jet airways ltd. In
today’s trading session it was up by 3.21%. 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 759.
All the indicators are suggesting that one can go for long
position in this stock above 775 levels. The stock may test level of 790-805 in
coming days.
Indian Rupee Update
The Indian rupee has opened marginally higher at 66.82 a
dollar compared to 66.86 per dollar in previous session.the rupee is still
expected to remain positive and Rs 67.10/USD is the next level to watch on the
upside and Rs 66.50/USD on the downside.
INDIAN MARKET OVERVIEW
Equity benchmarks continued southward journey on Tuesday
with the Nifty falling below psychological 7500-mark intraday, weighed down by
banking & financials, technology and metals stocks. Nifty future down 49
points at 7534.
The 30-share BSE Sense fell 143 points at 24682. The market
breadth was weak as about 920 shares advanced against 1867 declining shares on
the BSE.
On earnings front, IndusInd Bank dropped 2.7 percent on
higher provisions in Q3FY16. Profit and net interest income beat expectations,
up 30 percent and 36.2 percent, respectively.
Shares of Larsen and Toubro gained 0.4 percent. Credit
Suisse has upgraded the stock to outperform from neutral but reduced target to
Rs 1,475 from Rs 1,515 per share earlier.
