Equity benchmarks extended losses in morning trade with the Nifty falling below the 8700 level due to profit booking. The 30-share BSE Sensex was down 127.57 points at 28051.51 and the 50-share NSE Nifty fell 34.65 points to 8674.30. The broader markets too remained under pressure on weak breadth. About 1169 shares declined against 862 advancing shares on the BSE. HDFC, HDFC Bank, HUL, Bharti Airtel, NTPC and GAIL were down more than 1 percent whereas ICICI Bank, Axis Bank, Sun Pharma and Maruti were gainers in morning. Tata Group stocks remained under pressure after Tata Sons sacked Cyrus Mistry as chairman on Monday. Tata Steel, TCS and Tata Motors were down 1-2 percent.
Today’s Top NSE Gainers : Bharti Infratel, Dr Reddys Labs, Tech Mahindra, Aurobindo Pharm, Sun Pharma
Today’s Top NSE Losers : Tata Steel, Idea Cellular, GAIL, HUL, Tata Power
Stocks To Buy Today
- RBI has approved the increament of FII limit in Aditya Birla Nuvo from 24% to 30%.
- Finance Minister Arun Jately has asked the banks to help the Steel companies. Banks will do funding for under debt steel companies like Sunflag Iron, Monet Ispat, Bhusan Steel and Uttan Galva.
- Navabharat Ventures will sell the stakes of 1 crore dollar to its 2 subsidairies.
Free Intraday Tips : 25th October Tuesday
Buy Aditya Birla Nuvo above:1387.56 Targets: 1396.19 — 1405.55 — 1414.93 — 1424.35 Stoploss : 1378.27
Buy Sunflag Iron above: 40.91 Targets: 41.02 — 41.15 — 41.29 — 41.42 Stoploss : 40.77
Buy Navabharat Ventures above: 144.00 Targets: 146.94 — 149.99 — 153.06 — 156.17 Stoploss : 141.02