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Market today opened in green, Sensex surged over 75 points and Nifty moved above 20 points. Sensex live at 26,874 or +0.36% up and Nifty live at 8,231 points or +0.38% up. Market looking ahead for the Reserve Bank of India policy review due later today. The rally in the indexes was due to gains in ICICI Bank, TCS, ITC, HDFC and SBI. The Rupee appreciated 5 paise to 66.91 against US Dollar. Gold Prices gained Rs 63 to Rs 29,450 while Silver too gained 63 to Rs 39,142 per kg. Crude Oil price incremented by 52 to Rs 3,305 per barrel and Natural Gas prices with a little change staying on Rs 163. According to experts Stocks to take under consideration today are:
Railways has taken a crucial step towards the environment that is to build bio-toilets in every coach in Trains and this could benefit the Stone India and its stocks.
- Buy Stone India Ltd above: 76.56 Targets: 78.72-80.95-83.22 Stoploss: 74.39
Share holders of Jindal Steel have asked for Jindal Power to grant permission to sell the plant of 920 Mw captive power
- Sell Jindal Steel below:60.06 Targets: 8.16-56.27-54.41 Stoploss: 62.01
After one month on 5th of June Mangalore Chemicals has started the production of Urea, it was stopped due to scarcity of water.
- Buy Mangalore Chemicals above 49 Targets: 50.74-52.53-54.36 Stoploss: 47.26
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