“BUY ALPHAGEO ABOVE 661 TGT 670/685 SL 650”
Markets ended higher led by banks, amid firm
global cues, after the RBI kept key policy rates unchanged amid inflation
concerns but maintained an 'accomodative' monetary policy stance going forward.The
Sensex ended
up 232 points to settle above 27,000 at 27,010 for the first time since October
28, 2015 and the Nifty settled 91 points higher at 8,318. Alphageo
(India) Ltd hits 20% upper
circuit at Rs.660 after the company received Letters of Award of Contracts from
ONGC for an estimated value of Rs. 1482 crore. Redington India soared 2.1% to Rs.104 on BSE. Harrow Investment
Holding, the promoter of the company, has sold over 5% stake in two separate
open market transactions for Rs. 219.4 crore. Shreyas Shipping & Logistics rallied 15.7% to Rs.373 after the
company said that it has recently entered into a vessel sharing arrangement
(VSA) with Shipping Corporation of India (SCI) on two of the services
connecting East coast of India to West coast of India and vice versa along with
Persian Gulf with addition of new ports commencing with effect from 9 June 2016.
GLOBAL MARKETS
Global shares firmed up after Federal Reserve
Chair Janet Yellen did not signal any timing of a possible hike in US interest
rate. Asian shares ended higher
with Hong Kong’s Hang Seng gaining the most to settle over 1% higher. Among
others in the region, Japan’s Nikkei, China's Shanghi Composite and
Singapore’s Straits Times ended up 0.1%-0.6% each. European shares also edged higher as the US Federal
Reserve is unlikely to raise rates soon. The CAC-40, DAX and FTSE 100 were
trading 0.6%-1.5% each.
TOP GAINERS:
Company
|
Group
|
Current Price
|
% Change
|
Aban
Offshore
|
A
|
208.65
|
+ 6.51
|
Ipca
Laboratorie
|
A
|
431.20
|
+ 6.23
|
The
Ramco Cements
|
A
|
534.25
|
+ 6.21
|
Thermax
|
A
|
802.45
|
+ 5.65
|
Shreyas
Shipping & L
|
B
|
386.40
|
+ 20.00
|
Alpha Geo
(India
|
B
|
660.10
|
+ 20.00
|
Phillips
Carbon
|
B
|
137.75
|
+ 19.99
|
TOP LOSERS:
|
|||
Company
|
Group
|
Current Price
|
% Change
|
DB Corp Ltd.
|
A
|
373.00
|
-3.90
|
Cox &
Kings L
|
A
|
152.30
|
-2.78
|
Glenmark
Pharma
|
A
|
763.95
|
-2.32
|
Jet Airways
|
A
|
552.25
|
-2.27
|
Monsanto
India
|
A
|
2,403.40
|
-2.09
|
Ortel
Communications
|
B
|
163.10
|
-6.40
|
Mahindra & Mahindra Financial Services Ltd: Mahindra & Mahindra Financial Services Ltd has raised Rs10, 00, 00, 00,000 (Rupees One Thousand Crores) through public issue of NCDs.Intraday trading tips
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