Monday, 27 June 2016

DAILY TRADING TIP FOR STOCK CASH

“BUY TATASPONGE at 625 TGT 650/660 SL 610”
After sliding over 2% in the previous trading session post the Brexit, the Indian stock market ended almost unchanged on Monday. It was a volatile day as indices swung from early losses to gains and closed almost flat. The  Sensex ended up 5 points at 26,403 and the Nifty edged up 6 points to settle  at 8,095. JB Chemicals & Pharmaceuticals ended nearly 6% higher after the company said its Panoli tablet manufacturing facility received approval from United States Food and Drug Administration (USFDA). Tata Sponge ended nearly 4% higher after the company said it has received a letter-of-intent from Coal India's subsidiary Eastern Coalfields stating that the company has emerged as a successful bidder for award of 24,000 tonnes per annum of coal at a notified price.Hester Biosciences rallied over 7% after the pharmaceutical company said that it is planning to raise funds by issuing shares via qualified institutional placement (QIP).
GLOBAL MARKET:
On the global front, Asian markets closed on a mixed note. The Shanghai Composite index closed higher. Hong Kong’s Hang Seng index ended lower, while Nikkei 225 jumped 1.4%.European markets were trading lower. The FTSE 100 was trading down 1.3%. DAX and the CAC 40 were trading lower 2% each. The rupee was trading flat at 67.95 per US dollar.
TOP GAINERS:
Company
Group
Current Price
% Change
Technofab Engineerin
B
210.00
+ 20.00
PG Electroplast Ltd.
B
153.65
+ 19.99
Dalmia Bharat Sugar
B
131.20
+ 19.98
Dwarikesh Sugar
B
262.40
+ 19.98
GeeCee Ventures
B
164.35
+ 19.61
Allsec Technologies
B
239.50
+ 19.60
Andhra Sugars Lt
B
245.65
+ 17.40
TOP LOSERS:
Company
Group
Current Price
% Change
Kesar Terminals & In
B
461.20
-6.18
Mandhana Industries
B
123.40
-4.97
Tiger Logistics (Ind
B
174.25
-4.91
Astec Lifesciences L
B
372.25
-4.54
Dhunseri Investments
B
131.00
-4.13
Rushil Decor Ltd.
B
414.00
-4.12

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