After a 1.5 percent correction in previous two consecutive sessions, equity benchmarks rebound amid consolidation on Thursday. Investors waited for CPI inflation and factory data that will be announced on Friday evening. The benchmark index Sensex broke the streak, amid a choppy trading session, on renewed buying interest in index heavyweights led by ITC. The 30-share BSE Sensex rose 84.72 points at 27859.60, and the 50-share NSE Nifty gained 16.85 points and closed at 8592.15 after hovering around 8601-8540. The market has been getting strong support from FIIs, due to which it has not seen any major correction since March. However, domestic institutional investors have consistently been using this opportunity to book profits on fears of high valuations.
Today’s Top NSE Gainers : Idea Cellular, Eicher Motors, Lupin, BPCL, ITC, ICICI Bank, Asian Paints, TCS, HUL and Relience.
Today’s Top NSE Losers : Bank of Baroda, Grasim, Bharti Infratel, Zee Entertain, Hindalco, Adani Ports, M&M, SBI, Tata Motors (D) and Yes Bank.
NIFTY Trend, Resistance and Support for Tomorrow
RESISTANCE: 8610, 8660
SUPPORT: 8540, 8490
APPROACH: BUY ON DIP
Free Stock Tips for Tomorrow Friday : 12th August
BUY AGCNET ABOVE 88 TARGET 88.80, 89.60, 90.40 STOPLOSS 86.40
BUY DISHMAN ABOVE 166 TARGET 167.60, 169.20, 170.80 STOPLOSS 162.80
SELL SAKUMA BELOW 56 TARGET 55.50, 55, 54.50 STOPLOSS 57