Share Market Today: SBI Trims Base Rate


SBI Trims Base Rate

Central Bank of India, RBI declare quarter monitory policy on 29 Jan in which RBI cut CRR and Policy rate by 25 Basis points after coming this policy SBI come with new policy. In which SBI trims base rate by 5 bps to 9.70%, it will be effective on 4th Feb. Customers of SBI are happy because this decision will make loans cheaper.

SBI had last cut its base rate by 25 bps to 9.75% in September last year. The base rate is the rate of interest below which bank can not lend to its customers. When this policy of SBI effective than all the borrowers of SBI both existing and new will benefit with lower rates. This show that SBI is the 3rd bank to lower the base rates after the RBI announced rate cut on 29 Jan.



Nifty Recommendation for Today

Today, currently Nifty traded on red signal at 6,047.80 with the changes of -8.45 (-0.09%). Bajaj Auto Ltd., Bharat Heavy Electronics Ltd, Bharat Petroleum, DLF Ltd are Nifty gainer of today. Sesa Goa, Tata Motars Ltd, Reliance Industry, HUL are Nifty loser of today. All bank sectors are goes on green shade. 

Share Market Firm Trades Continue

The BSE index Sensex today up by around 61 points (0.3%), while the NSE, Nifty is up by around 17 points (0.3%). The mid and small cap stocks have also open in green shade. The Rupee is trading at Rs 53.45 to the US dollar. 

BSE oil & gas index is leading the gains and is increase by 0.6% at 9,428. Realty consumer indices are also trading in green. On the other hand Auto and Power indices are going down. 

HUL has gain 2.51% at Rs 480.10, DLF Ltd up 1.92% it traded at Rs 268.55, Reliance up 1.70% at 900. Cipla and ONGC added 1.5% On the other hand, ITC is down 1.3% at Rs 301. HDFC, Tata Motors, Hero MotoCorp and NTPC are also down.

Nifty Levels Today 30 January 2013- 

Nifty Support Levels- 

S1: 6046, S2: 6024, S3: 6012, S4: 5999 

Nifty Resistance Levels- 

 R1: 6081, R2: 6094, R3: 6116, R4: 6136

Nifty Recommendation for Today


Today Indian Share market open with red signal. In a case of NSE Index Nifty currently it’s traded on 6,062.00 with the negative changes of 12.80 0r -0.21% at 11:10 am. It’s previous closed on 6064.70.

The BSE index Sensex today open with red signal but it’s currently traded on 20,144.63 with the positive changes of 21.46 or 0.11% at 11:10 am. Its previous close on 20080.30.

In Global market, Asian Stocks rose in early trade on Tuesday. Japanese benchmark index Nikkei grow up 62.63 points, or 0.58%, it trade at 10,886.94. Hongkong index Hang Seng declined by 41.24 points, or 0.17% to trade at 23,626.53. China index Shanghai rose 2.55 points or 0.04% to trade at 2,347.41. 

Taiwan index Taiex increased 51.27 points, or 0.66% it traded at 7,761.38. South Korea index Kospi rose 14.53 points, or 0.75%, it trade at 1,954.53. Singapur index Straits Times declined 4.43 points, or 0.10% it trade at 3,269.80.

CALLS FOR TODAY-

BUY Housing Development and Infrastructure Ltd Intraday

Target- 85/88/92
Stop Loss- 82

BUY IFCI Ltd

Target- 36/39/42
Stop Loss- 34

SENSEX Rebounds, Hope RBI Cut Rates


The BSE benchmark Sensex today rose over 41 points in early trade on sustained buying by participants on hopes RBI will cut interest rate tomorrow because RBI fourth quarter policy comes on 29 Jan than corporate earnings more and more after that India stands with boost economy of Asia’s third economic country.

The BSE index Sensex, which had gained 179.75 points in the previous session with the increment of 41.10 points or 0.20% to 20,144.63.
Similarly, NSE index Nifty gained 9.40 points or 0.15% to 6,084.05.

Rate sensitive sectors like Real estate, Auto, Consumer durables, Capital goods and banks saw good buying on hopes the Central bank will cut rates by at least 0.25% on 29 Jan to boost economic growth.

TCS, SBI, ICICI Bank, Tata Steel, Hero Motocrop, ONGC, Bharti Airtel, BHEL, HDFC, Bajaj Auto are among Gainers in Sexnsex and Nifty.

RIL, Wipro, Infosys, NTPC, L&T, Coal India, ITC, Jindal Steel are among Loser in Sensex and Nifty.  

Calls for Today:

SELL State Bank of India Intraday

Target- 2518/2514/2512.26
Stop Loss- 2532

SELL Bata India Intraday

Target- 795/798/801.23
Stop Loss- 803

Asian Market Mixed, Japan Nikkei Down Away

Japan’s benchmark Stock index Nikkei jumped Friday as the Japan currency Yen continuously retreat against the Dollar, and the investors cheered the new government’s plans to boost the economy. Other Asian Stock markets were mixed.

Even Lucas of IG markets in Melbourne said he expects to see surges in Japan’s Nikkei 225 index after Japanese Finance Minister Yasutoshi Nishimura commented that the Yen would fall further. In Tokyo Nikkei rose 2% to 10,832.48.

The recent turn down in the Yen value against the Dollar and drops against other major currencies have been driven by expectations that Japan’s central bank will try to engineer inflation by increasing the amount of money in circulation.

South koria’s kospi fell amid fears that the exporters could be slammed by Japan’s dropping Yen, which makes Japanese products less expensive overseas. The benchmark fell 1.1% to 1943.82.
Hongkong market benchmark Hangseng lost 0.2% to 23,550.21 and the Australia market benchmark S&P/ASX 200 rose 0.4% to 4,829.40.

CALLS FOR TODAY

BUY Housing Development and Infrastructure Ltd 

Target- 82.15/84.26/85.62 
 Stop Loss- 70.23

BUY IFB Industries Ltd.

Target- 96.43/97.25/99.67 
 Stop Loss- 94.23

Indian Share Market Open with Weak Position

The Indian Share Market indices have opened the day on a weak note. Stocks in the Auto and Realty space are phasing the losses. However, FMCG and Software Stocks are trading in green shaded.

The BSE index, Sensex today is down by around 32 points (0.2%), while the NSE index, Nifty is down by around 8 points (0.1%). The mid cap and small cap Stocks have opened in the red shade with the BSE Mid Cap and BSE Small Cap Indies down by 0.7% and 0.2% respectively. The Rupee is traded at 53.71 to the US dollar.


Energy Stocks have opened the day on a mixed note with Oil India Ltd (OIL) and Oil & Natural Gas Corporation Ltd (ONGC) are in a phase of gainer. However, Gujarat State Petronet Ltd (GSPL) and Chennai Petroleum Corporation Ltd (CPCL) have opened on a weak note.

Leading Financial daily, Reliance Industries Ltd (RIL) has closed its eight well on main gas fields in KG-D6 block. The gas output has hits an all time low of 20.88 million standard cubic meters per day.

Pharma Stocks have opened the day on a mixed note with Aurobindo Pharma Ltd and Dr Reddy’s Ltd trading weak. However, Sun Pharmaceuticals Ltd and Divis Laboratories Ltd have opened in green shade. 

In a Global Market, the Asian Stock market have opened the day on a mixed note with Stock markets in Malaysia up 0.4% and Japan up 0.4% trading firm. However, market in Hongkong down 0.2%, South Korea down 0.4% and Taiwan down 0.4% are facing selling pressure.

Best Stock to Buy Today- Intraday Trading Tips


Nifty recommendation for today-Today NSE index Nifty open with green signal and grow up position with respect to its previous close. Tomorrow Nifty close with green signal at the position of 6052.85, currently Nifty trade on 6058.35 positions with the positive changes of 10.40 at 11:20am.



Today Nifty top gainers are Bharti Airtel, UltraTech Cement, HDFC Bank, DLF Ltd. and HDFC. And the today Nifty losers are Hindustan unilever, Tata Motors Ltd., Bharat Petroleum, ONGC, IDFCL Ltd.

Today, SBI open with 2474.35 in grow up position with respect to its previous close but in a current position it slightly go down .its current position is 2,474.95 at a time of 10.59am.

Today Nifty Calls-

Hindalgo Industries Ltd
Buy
Target- 126/124.25/119.55
Stop Loss- 117

Steel Authority of India Ltd.
Buy
Target- 96/94.25/92.62
Stop Loss- 89.56

Best Stock Tips, NSE Nifty Tips for Today

As in a last trading session NSE index Nifty close with red signal on 6080.15, today also it is looking in bull phase. Today it’s open with green signal and currently it is trading on 6,095.35 increases by 13.05 and the BSE index Sensex close in last trading with green signal on 20102.43. Today it’s also open with green signal and currently trading on 20,148.84 with the positive change of 0.24%. Both Nifty and Sensex are buying phase today.


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Today stock tips

 Reliance: - Reliance communications Gains on hopes to deal with Reliance Industries

Target- 932/936/938
Stop Loss- 920

 Ultra Tech Cement Ltd

 Target- 1942.35/1945.50/1947.80
 Stop Loss- 1936.20