Due to fabulous growth in realty and bank stocks, today Indian stock market rose 1 per cent. Sensex surge 321 points to 25,550 and Nifty gained 98 points to close at 7624. Midcap and Smallcap stocks rose 1.3 to 2 per cent.
RBI has taken a major steps to boom up infrastructure and housing sectors which has an affect on realty and bank shares.Realty shares surge 4 per cent and bank shares moved up 2.5 per cent.
Metal shares rose 2.2 per cent. Capital Goods, Auto, Power, Oil & Gas shares rose 1.5 to 1.25 per cent Healthcare, FMCG, tech stocks strengthened from 0.7 to 0.5 per cent. IT and Consumer durables stocks rose marginally.
RBI has taken a major steps to boom up infrastructure and housing sectors which has an affect on realty and bank shares.Realty shares surge 4 per cent and bank shares moved up 2.5 per cent.
Metal shares rose 2.2 per cent. Capital Goods, Auto, Power, Oil & Gas shares rose 1.5 to 1.25 per cent Healthcare, FMCG, tech stocks strengthened from 0.7 to 0.5 per cent. IT and Consumer durables stocks rose marginally.
In Nifty IDFC stocks rose 9 percent. RBI slop in loans to the infrastructure sector is expected to be the biggest beneficiaries of the Sahara. Additionally, IDFC has recently received the license to the bank.
In Bank shares ICICI Bank, Axis Bank, Bank of India, SBI, Yes Bank rose 5-2 per cent.
In Infrastructure shares Adani Ports, JP Power, IRB Infra, JP Associates, JSW Energy, BHEL surge 8.5 to 4 per cent.
In realty stocks, Unitech, DLF, Oberoi Realty, Indiabulls Real Estate, HDIL, Godrej Properties, Sobha Developers rose from 7.2 to 2 per cent.
International Market
In Bank shares ICICI Bank, Axis Bank, Bank of India, SBI, Yes Bank rose 5-2 per cent.
In Infrastructure shares Adani Ports, JP Power, IRB Infra, JP Associates, JSW Energy, BHEL surge 8.5 to 4 per cent.
In realty stocks, Unitech, DLF, Oberoi Realty, Indiabulls Real Estate, HDIL, Godrej Properties, Sobha Developers rose from 7.2 to 2 per cent.
International Market
- European markets have a growing trend.CAC is up by 1.3 percent. FTSE and DAX have 1 per cent growth.
- In Asian market, Taiwan index fell nearly 1 per cent. There was weakness in the Nikkei and Shanghai Composite.Kospi is sluggish.
- Rupee shows a weakness against US dollar.After opening on a weak note , it is currently trading at 60.12 levels.
Intraday stock nifty tips for 17 july 2014
- Novartis India is a 'BUY' call with TARGET 650 and STOPLOSS 600
- Maruti Suzuki India is a 'BUY' call with TARGET 2630 and STOPLOSS 2530
GET 2 DAYS FREE TRIAL IN SHARE TIPS
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