Opening Bell : The market is still under selling pressure as auto, banks and metals heavyweights in red. The Sensex is down 243.27 points or 0.9 percent at 27839.07 and the Nifty is down 76.60 points or 0.9 percent at 8632.20. About 768 shares have advanced, 1305 shares declined, and 82 shares are unchanged. Infosys, ONGC, Cipla and GAIL are top gainers while ICICI Bank, Adani Ports, Tata Motors and BHEL are losers in the Sensex. Oil prices fell after OPEC said that its production had risen to its highest level in at least eight years and following reports of an increase in US crude stockpiles.
Best Stocks to Buy Today
- Grasim Industries has got approval from the share holders to extend the FII limit from 24% to 30%. All shares of 10 rupees will be split in the 5 shares of 2 rupees each.
- Suneel Hi-Tech has got approval from the board on one bonus share for each share. The convertible warrant of 1 crore rupees will be issued to the promoters and non promoters.
- IL&FS Engineering has got an order to place pipelines of worth 162.58 crore rupees from GAIL.
Free Intraday Tips : 13th September
Sell Grasim Industries below: 992.25 Targets: 984.88 — 977.05 — 969.25 Stoploss : 1000.14
Buy Suneel HiTech above: 410.06 Targets: 414.93 — 420.04 — 425.18 Stoploss : 405.02
Buy IL&FS Engineering above: 56.25 Targets: 56.38 — 56.53 — 56.69 Stoploss : 56.09