Wednesday, 27 April 2016

SENSEX ENDS 57 PTS UP AHEAD OF F&O EXPIRY,

MCX ROCKSSSS HIT TGT 900 BUY CALL GIVEN AT 890 ON 25 APR 2016
The S&P BSE Sensex closes marginally higher as investors stayed cautious ahead of the US and Japanese central bank policy decisions, while private sector lender Axis Bank Ltd fell on expectations of more bad loans in fiscal year 2017. Regional markets are also cautious, with Asian stocks mostly declining. Sentiment at home remains muted ahead of the expiry of derivative contracts on Thursday. The Sensex ended up 56.points or 0.2 percent at 26064.12, and the Nifty was up 17.25 points or 0.2 percent at 7979.90. About 1274 shares have advanced, 1281 shares declined, and 193 shares are unchanged. Bharti Airtel shares jumped as much as 6 per cent on Wednesday ahead of its fourth quarter earnings announcement today. Bharti Airtel, India's biggest telecom operator, is likely to post 13 per cent sequential jump in its net profit at Rs 1,263 crore, while its revenue is seen growing 3 per cent to Rs 24,711 crore in the March quarter, The stock markets turned flat as selling in banking shares picked up pace. Economic stability in developed countries will fuel growth in the IT services sector benefiting Indian companies, which will see revenue growth, stabilise at around 13 %. Some buying activity is seen in oil and gas, telecom,  energy, FMCG, industrial, consumer durables and realty sector, while power, utilities, pharma, banking and finance showing weakness on BSE. A total of 28 stocks registered a fresh 52-week high in trades today, while 11 stocks touched a new 52-week low on the NSE. The rupee depreciated 3 paise to 66.55 against the US dollar in early trade on Wednesday ahead of the outcome of two-day Fed policy meet later in the day. PSU banking shares witness selling pressure, Nifty PSU index falls 0.88 per cent; State Bank of India, Syndicate Bank, Indian Overseas Bank, Canara Bank, Bank of India, Oriental Bank of Commerce, Andhra Bank and Bank of Baroda were among the losers.

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