Tuesday, 14 June 2016

STOCK CASH TRADING TIP FOR 15 JUNE

  “BUY DEEPAKFERT at 167 TGT 172/185 SL 161”
UPERGANGES HIT FINAL TGT 335 MADE HIGH OF 376
Markets finished flat amid a volatile trading session on the back of higher-than-expected consumer inflation and rise in the wholesale price index based inflation for the second straight month. US Fed and BOJ meets and the growing possibility that the UK might leave the European Union kept investors edgy throughout the session. Participants eagerly await the outcome of the US Fed’s two-day meet scheduled to begin later today. The Sensex dropped 1 points to end at 26,396 and the Nifty slipped 2 points to end at 8,109. Bhushan Steel Ltd stock was higher by 12.3% at Rs.41 after Reserve Bank of India (RBI) on Monday offered a measure of relief to banks weighed down by bad loans and their stressed corporate clients, seeking to slow the build-up of sticky loans and, at the same time, ease the pressure on company balance sheets. KPIT Technologies dropped 5.2% to Rs.180. The company on Monday said that Copart Inc has terminated the pact with unit Sparta Consulting without cause. The tech firm further said that it will defend against Copart's claims. Deepak Fertilisers & Petrochemicals Corp Ltd jumped 6.5% to Rs.165 from its previous closing of Rs. 154.8 on the BSE.
GLOBAL MARKET:
Asian markets are trading on a mixed note. Wall Street ended lower for a third straight session as Microsoft and Apple dragged on indexes. Japan’s Nikkei, Singapore’s Straits Times and Hong Kong’s Hang Seng dropped between 0.6%-1%.Meanwhile, the Bank of England, Swiss National Bank and the Bank of Japan will also meet this week.European equities followed the tandem and are trading lower with FTSE 100, CAC 40 and DAX are down between 1%-1.6%.
KEY EVENTS
India’s Consumer Price Index (CPI)-based inflation for the month of May 2016 rose to 5.76%, the highest in 19 months, and the most since the new series of retail inflation with base year of 2012 was introduced from January 2015. CPI inflation for April was 5.47%, revised upwards from 5.39% earlier, and 5.01 per cent in May 2015. 
The Wholesale Price Index (WPI) rose 0.79% in May, after rising 0.34% in April 2016 and coming in at -2.20% during the corresponding month of the previous year. This marks the second consecutive month of rise, after 17 straight months of fall. The WPI had last shown inflation in October 2014, at 1.66%.
TOP GAINERS:
Company
Group
Current Price (Rs)
% Change
Bajaj Finserv Ltd.
A
1,898.30
+ 7.25
Indraprastha Gas Ltd
A
611.60
+ 5.21
JK Lakshmi Cement L
A
375.05
+ 3.72
Kiri Industries
B
357.30
+ 20.00
Bhageria Industries
B
182.40
+ 20.00
Upper Ganges Sug
B
374.80
+ 19.99
Oudh Sugar Mills
B
146.25
+ 13.28
TOP LOSERS:
Company
Group
Current Price (Rs)
% Change
Patel Integrated Log
B
107.85
-8.52
Ortel Communications
B
169.00
-6.11
Allcargo Logistics
B
166.85
-5.44
Technofab Engineerin
B
172.40
-5.25
Rossell India
B
116.65
-5.01
Gati Ltd.
A
155.85
-8.05
KPIT Technologies
A
179.15
-4.96

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