“BUY UPERGANGES AT 315 TGT 325/335 SL 300”

Sensex ended down 239 points to settle at 26,397 and the Nifty closed 59 points lower at 8,111. In the broader market, both BSE Midcap and Smallcap indices performed better than the front-liners with losses of 0.6% and 0.5%, each. Stock market in India closed lower for third consecutive session starting off the week in the red. Indices hit two week lows amid weakening rupee against the US Dollar and weakness among global stock market. Market participants also preferred to remain cautious as they await US FED and BOJ decision on interest rates. On domestic economy front, government will release May consumer price inflation data today and wholesale price index (WPI) for May on Tuesday. Fortis Healthcare dropped 1.8% to Rs.165. allotment lease. GVK Power & Infrastructure surged over 12 per cent after the company sought shareholders' approval for raising its credit limit. Sugar stocks rallied up to 20 per cent on Friday after the Food Minister Ram Vilas Paswan tweeted that India plans to impose a 25 per cent tax on sugar exports to maintain adequate supplies of the sweetener in the domestic market. Ugar Sugar hit its 20 per cent upper circuit at Rs 36.75. Upper Ganges Sugar rose 11.36 per cent, Dharani Sugars 9.94 per cent, Uttam Sugar 7.12 per cent and Oudh Sugar 4.94 per cent. Mawana Sugars, Empee Sugars, Simbhaoli Sugars, and Bajaj Hind jumped up to 4 per cent .

GLOBAL MARKET:
On the global front, Asian markets ended in red ahead of central bank meetings in the US and Japan this week. In China, the Shanghai Composite index and Hong Kong’s Hang Seng index closed 3% lower respectively. Nikkei 225 cracked 3.6%. European stock markets were trading with a negative bias. The FTSE 100 was trading down 0.61%. DAX and the CAC 40 are down 1.2% respectively.

TOP GAINERS:

Company	Group	Current Price	% Change
Upper Ganges Sug	B	312.35	+ 19.67
Oudh Sugar Mills	B	129.10	+ 14.50
Kiri Industries	B	297.75	+ 14.34
Rossell India	B	122.80	+ 11.59
McLeod Russel	A	197.50	+ 6.27
Gati Ltd.	A	169.50	+ 5.90
Coromandel Internati	A	259.10	+ 5.56
TOP LOSERS:
Company	Group	Current Price	% Change
IIFL Holdings	A	219.00	-4.60
Cairn India Ltd.	A	139.80	-4.28
Torrent Power Ltd.	A	176.75	-3.86
Gokaldas Exports	B	115.25	-10.00
Astec Lifesciences L	B	287.95	-5.09