Friday, 12 October 2018

Stock market news and ideas for 12th october


Sensex jumps over 600 pts, Nifty reclaims 10400, TCS fall
The BSE Sensex is higher by 638 points at 34639.47, and the NSE Nifty up 197 points at 10431.85.
M&M, ITC, Bajaj Finance, UPL, Yews bank were among major gainers on the NSE, while TCS, HCL Tech, Infosys were top losers
TCS shares extended losses the back of a rising rupee and fell as much as 3.18% to Rs 1,917 per share on NSE after the company reported its Sept quarter results. Infosys and HCL Technologies are trading lower on the back of a rising rupee.
Oil prices steadied on Friday led by sharp falls in equity markets and indications that supply concerns have been overblown, but were still on track for a fall or more than 4 percent for the week.
Brent crude futures contract fell 3.4% on Thursday, after hitting a low of USD 79.80, its weakest since September 24.
Here are the stock ideas for 12th october-
Buy Indian oil above 134.45 SL 132.25 Target 140.95

Buy  Berger Paints 280.5 SL 276.39 Target 288.86

Buy Bajaj Electricals above 503.7  SL 500.64 Target 528.74
Buy Bank of baroda above 96.45 SL 91 Target 99
Buy Smartlink above 94.55 SL 89.89 Target 100
Buy D-link above 75.35 SL 75.15 Target 80.2

Buy Infosys above 672.55 SL 669.52 Target 682.17