Market Updates 30 Nov 2011 :- Sustainabilityconcerns over the global economy, the Indian markets have startedwith the weakness of nearly 1 per cent. Sensex down 139 pointson 15 869 and and the Nifty fell 39 points are open at 4766. However the market decline has reduced slightly.
Consumerdurables, metal, Bank, Oil & Gas, Capital Goods, IT, realty,technology, power stocks have declined by 1 to 0.5 percent. Healthcare, Auto shares have fallen from 0.5 percent. Slight weakness in the FMCG stocks.
ICICIBank, Jindal Steel, BHEL, Sterlite Industries, Tata Steel, TataMotors, Tata Power, Larsen & Toubro, Hindalco has slipped from1.75 to 1 per cent. ITC, DLF, SBI, NTPC, Infosys, JP Associateshave fallen 0.5 per cent. Ranbaxyis pressure of profit and the stock fell 2 percent. HindustanUnilever rose 0.5 per cent and Sun Pharma rose 1 per cent. MarutiSuzuki, Wipro, ONGC are also green.
Debt crisis among Europeancountries to get agreement on some issues, the European marketclimbed from 1 to 0.5 per cent. Is believed that after risingbond yields of Italy European countries also can seek relief from theIMF.
StockIntraday Tips 30 November 2011
HUL Buy For 1 To 3 Days Target - 390.9 - 399.4, Stoploss - 381.
EssarOil Sell For 1 To 3 Dyas Target - 67.3 - 63.3, Stoploss - 72.3.
SesaGoa Buy For 2 To 3 Days Target - 190, Stoploss - 175.
