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Market gains Momentum , Nifty croses 6800 | Intraday Equity Commodity Tips







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Monday, 21 April 2014

Market gains Momentum , Nifty croses 6800

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Today Indian market has opened with strong leads.In the early trade, Nifty crosses 6800 .At 9:22 am , the Sensex rose 67 points to 22 695 and Nifty gained 16 points at 6796 levels . Midcap and Smallcap stocks grows by 0.5 per cent .

Banks , Capital Goods , Power , Oil & Gas , Metal , FMCG stocks gains 0.5 per cent growth . Realty , consumer durables , auto , healthcare also shows growth.However,IT and technology stocks have some pressure.

In Nifty stocks NMDC , Jindal Steel , Axis Bank , SBI , Bharti Airtel , Bank of Baroda , BHEL , Maruti Suzuki , Sesa Sterlite , NTPC has moved up 1.5 to 0.75 per cent .

In the fourth quarter of fiscal year 2014,Reliance Industries net profit increased by 2.1 per cent to Rs 5631 crore.Its shares are grown by 0.6 per cent .

In Giants stocks,Wipro slipped by 4.5 per cent .Its net profit is increased by 10.5 per cent to Rs 2226 crore in the fourth quarter of fiscal year 2014

Tata Motors , Lupin , Tata Power has slipped from 0.8 to 0.2 per cent . TCS , Cairn India , BPCL appears to be under pressure .

Asian markets shows a mixed trend.Nikkei is up by 0.5 per cent . SGX Nifty is in green . However, Shanghai Composite , Cospi , Taiwan Index is trading weaker .

U.S. markets were closed on Friday on the occasion of Good Friday . However , there was a slight edge in U.S. markets on Thursday. In the weekly trade, Dow jones,S & P 500 and Nasdaq Composite are climbed up by 2.4 , 2.7 and 2.4 percent respectively .

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