Wednesday, 15 June 2016

STOCK CASH TRADING TIPS FOR 16 JUNE

“BUY SWARAJENG AT 1142 TGT 1160/1200 SL 1125”
After falling for four consecutive trading sessions, the Indian equity markets finally made a strong comeback amid positive vibes coming from the Asian and European markets. The market rallied after Union Cabinet approved new civil aviation policy and merger of 5 associates with SBI.Emami Infrastructure hit 20% upper circuit at Rs. 50.10. The company announced High Court at Calcutta has, today, the June 14, 2016, sanctioned the Scheme of Arrangement for Amalgamation of Emami Realty Limited and Emami Rainbow Niketan Private Limited, the wholly-owned subsidiaries, with the Company Emami infrastructure Limited in the open Court. International Paper jumped 6% to Rs.303 after the company said in a notice to exchanges that its promoters to sell 20% stake to parent for restructuring. Thiru Arooran Sugars hit 10% upper circuit to Rs.108.05 on BSE. The company reported net profit of Rs.27.37 crore for the quarter ended March 2016 as compared with net loss of Rs.18.61 crore in a year ago quarter.
GLOBAL MARKET:
On the global front, the Shanghai Composite index closed higher by 1.5%. Hong Kong’s Hang Seng index and Nikkei 225 closed marginally up.European shares rose early on Wednesday after a five-day losing streak caused by jitters about next week’s British referendum on European Union membership. The FTSE 100 was trading up 0.87%. DAX and the CAC 40 are gained 1% each.
TOP GAINERS:
Company
Group
Current Price
% Change
Asahi Songwon Colors
B
203.10
+ 20.00
State Bank Of My
B
547.90
+ 20.00
State Bank Of Bi
B
599.60
+ 19.99
StateBnkOfTravan
B
478.90
+ 19.99
Punjab Chemicals and
B
207.80
+ 19.98
Nava Bharat Ventures
B
217.65
+ 16.80
TOP LOSERS:
Company
Group
Current Price
% Change
Bharti Infratel Ltd.
A
365.35
-3.94
Welspun India
B
112.75
-3.88
Coromandel Internati
A
249.50
-2.20
Shriram City Uni
A
1,690.00
-2.03
NIIT Technologies
A
554.15
-2.00
ICRA Ltd.
A
4,121.10
-1.83
Balrampur Chini
A
120.80
-1.79

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