Stock Tips For Tomorrow: 12th November| Market Closing Updates

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Market Closing Updates

The 30-share BSE Sensex started the week with a 175-point loss, continuing downward journey for the fifth consecutive session. Fed tapering fears and weakness in rupee against the dollar resulted in selling pressure. Sensex closed at 20490 by lossing 175 points while Nifty has shut shop at 6078 down by 62 points. 

Top Losers 
FMCG, capital goods, financials, oil & gas and auto stocks saw selling pressure while IT outperformed. Hindalco was the biggest loser among largecaps in the Sensex, falling more than 4 percent ahead of September quarter earnings on Tuesday. State Bank of India , ONGC and Larsen & Toubro plunged between 2-3 percent while Reliance Industries , ICICI Bank and Bharti Airtel declined over a percent.

Top Gainers 
Dr Reddys Labs bucked the trend with nearly 3 percent gains. Cairn India rallied over 2 percent on upmove in crude oil prices. Tata Steel maintained its uptrend despite weakness in market, gaining over 1 percent ahead of quarterly earnings on Wednesday. TCS and Infosys gained marginally on rupee depreciation.


Stock Tips For Tomorrow

  • Buy Apollo Tyres above 75 level for target of 78 with stop loss at 73.50 
  • Buy Tata Motors around 377 level with stoploss at 372, for target of 385-389 
  • Buy Axis Bank at 1080 level for target of 1100 level and a stop loss at 1070 
  • Buy ICICI Bank above 1040 for the target of 1055 level with stop loss at 1026

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