After the equity market gained in early trade, the market has turned in noon trade. Sensex slipped 28.70 points or 0.10 percent 27964. Nifty declined 7.80 points or 0.10 percent at 8623.
Piramal Enterprises will buy the America’s Ash Stevens very soon. The deal between the companies if around 4.5 crore dollar and the deal will be completed on the end of August. Piramal’s Stock took a big jump after the announcement.
Buy Piramal Enterprises above: 1806.25 For Target and Stoploss Please Visit Us.
The Sensex is down 33.39 points at 28119.01 and the Nifty is down 12.90 points or 0.1 percent at 8659.25. About 957 shares have advanced, 1284 shares declined, and 103 shares are unchanged.
Tata Motors, Axis Bank, Infosys, BHEL and Sun Pharma are laggards while Adani Ports, Cipla, NTPC, ITC and ONGC are gainers in the Sensex.
Oil prices eased but held above USD 45 a barrel as the market weighed the possibility of major producers reaching an agreement to freeze output during a meeting next month.
Members of the Organization of Petroleum Exporting Countries (OPEC) as well as non-members are scheduled to meet informally in Algeria in September, and Saudi Arabia’s oil minister Khalid al-Falih has hinted that discussions could include actions to stabilise prices.
Today market is trading with highly volatile trend and there are some positive momentum is still there, So we can expect a buying rally. As per our experts this is time to buy shares on lower price. Traders are advised to buy stocks like banking on dips…
Get Top Stocks to buy today here- Top Stock Tips
The United States Foods and Drug Administration has approved the Bio equivalence facility of Alkem lab in Taloja in Maharashtra. The Alkem’s stock took a big jump after this announcement and then suddenly slipped down which is expected to recover soon.
The Government has sent a notice to the telecom companies. CAG has accused the Telecom companies for hiding the income of 46000 crore rupees. Telecom companies like Bharti Airtel, Relience Communications and Idea Cellular seems under pressure caused by this notice.
Buy Alkem Lab above: 1580.06 & Sell Idea Cellular below: 94.05 For Targets and Stoploss please visit Free Stock Tips.