Thursday, 15 December 2016

DAILY TRADING TIP FOR JUBILANT CASH 16 DEC 2016

“BUY JUBILANT at 635 TGT 650/670 SL 615”
Sensex ended the day 84 points lower at 26,519 while Nifty  settled the day at 8,154, down 29 points. indices settled the day on a lower note amid choppy trade as investors remained cautious on US Federal Reserve's hawkish outlook for 2017. Infosys stocks up +1.53%,Ramco Systems up 8.5%.Bajaj Auto up 1% 
GLOBAL MARKET:
Majority of the Asian indices, with the exception of Japan, ended on a weaker note due to the US Federal Reserve's hawkish outlook on interest rates. Hong Kong's Hang Seng ended at 22059 down 1.77%, Singapore's Straits Times ended at 2930 down 0.79%, China's Shanghai Composite ended at 3117 down 0.73%, however Japan's Nikkei 225 closed at 19273 up 0.1%, the only index to end in green.
                                                       On the other hand, the European benchmark indices were up in early trade after the US Central bank announcement where it had raised its policy interest

rate by 25 bps and indicated three hikes next year. The banking stocks were the lead gainers across Europe, as market participants saw the US rate hike as a positive for the financial sector, which has been struggling with low yields for close to almost 8 years. CAC-40 was trading at 4797 up 0.60%, DAX was trading at 11304 up 0.53% and FTSE 100 was trading at 6936 down 0.19%. The US Nasdaq was trading at 5436 down 0.50%
TOP GAINERS:
Company
Group
Current Price (Rs)
% Change
Swan Energy Ltd.
B
190.35
+ 10.77
Saksoft Ltd.
B
225.20
+ 10.39
TIL Ltd.
B
283.00
+ 8.62
Sonata Software
B
182.80
+ 7.09
Shilpa Medicare L
B
724.90
+ 6.63
Sagar Cements
B
670.00
+ 6.23
Titagarh Wagons Ltd.
B
121.30
+ 6.17
TOP LOSERS:
Company
Group
Current Price (Rs)
% Change
TCI Developers Ltd.
B
351.00
-8.20
TVS Srichakra Lt
B
3,220.00
-5.62
Entertainment Networ
B
742.00
-5.12

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