After the yesterday’s big move, Indian equity market continued to consolidate in the opening session, but took an unexpected fall very soon as investors awaited for quarterly earnings. Currently, Sensex is 71 points down at 27979 and Nifty is 18 points down at 8659. The broader markets marginally outperformed, where Banking and Auto Sectors are down trending, while all other sectors are trading in positive zone. BSE Small Cap index is 0.65% up, while Mid Cap index is 0.03% up.
Today’s Top BSE Gainers : BHEL, Wipro, GAIL, Sun Pharma and Lupin
Today’s Top BSE Losers : ICICI Bank, ITC, M&M, Hero Motocorp and Tata Motors
Best Shares to Buy
- The board meeting of Garden Silk Mill will be held on 25th October in which company will consider the issue of raising the funds. The company will issue 30 million shares to raise convertible. The company’s stocks has already took a big jump in the morning and may rise up high in upcoming day. But for intraday traders there is no gap for the price to move further up, so selling here would be beneficial.
- The Spice Jet company has launched the Winter Plan. From 15th November 8 new flights will fly from and will do 334 daily flight visits. The stock of Spice Jet has been consistently moving up from last few months and will rise further with the positive movements in the market.
Free Stock Tips : 19th October (Wednesday)
Sell Garden Silk Mill below: 38.03 Targets: 37.92 — 37.79 — 37.66 — 37.53 Stoploss : 38.16
Buy Spice Jet above: 66.69 Targets: 66.83 — 67.00 — 67.17 — 67.34 Stoploss : 66.52