Indian Market Overview-
·
The market bounced back in last hour of trade
with the Nifty reclaiming 7500 intraday Wednesday ahead of outcome of Federal
Reserve’s two-day meeting due tonight. Nifty future up 41 points at 7527.
·
The 30-share BSE Sensex rose by 131 points at
24682. The market breadth was weak as about 1143 shares advanced against 1432
declining shares on the BSE.
·
Alok Industries shares gained nearly 9
percent intraday Wednesday as a media report suggested that PE funds and few
textile majors are in race to buy the company.
·
NCC Ltd. is likely to garner about Rs 400
crore from the planned stake sale in thermal power project Sembcorp Gayatri
Power to Sembcorp Utilities Pte Ltd. and monetising certain road assets like
the Western UP Tollway and Bangalore Elevated Tollway Ltd.
Global Market Overview–
·
Asian shares were mixed on Wednesday with
investors focused on the upcoming Federal Reserve review of interest rates for
market direction.
·
The yuan fell against the dollar Wednesday
after the People’s Bank of China set the fixing weaker for a third consecutive
day at 6.5172 compared with Tuesday’s 6.5079.
·
In a bid to halt the continued economic
slowdown, China’s parliament today approved a new five-year plan, laying out
the economic and social development blueprint that sets a target of an average
annual economic growth of above 6.5 percent.
·
The The Dow Jones industrial average ended up
22.4 points at 17251, the S&P 500 lost 3.71 points to 2015 and the Nasdaq
Composite dropped 21.61 points to 4728.
Today’s Stock Recommendation
Technical
Overview:
Stock
recommendation for 17/3/2016 is Inoxwind ltd.In
today’s trading session it was up by 5.29%. 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 259. All the indicators are suggesting that one can go
for long position in this stock above 266 levels. The stock may test level of
275-285 in coming days.
We
Provide Accurate Stock Tips on Intraday basis,for 2 days free trial visit our
site www.capitalheight.com/stock-tips.php or
call@ 0731-6615050; +91 9993066624,8962429710
No comments:
Post a Comment