Share Market News and tips for 31st october

Market Trade Lower, Tech Mahindra up after strong results

Sensex, Nifty opened higher on Wednesday tracking positive signals from the global markets, but quickly paired its gains, with Sensex trading down 163 points at 33, 727-level, while the Nifty is down by 53 points at 10,144.90.

Indiabulls Housing, Infosys, Tech Mahindra and UPL are the top gainers, while Dr Reddy’s, Coal India and Tata Steel have lost the most. 

Shares in Tech Mahindra were trading up by .75 per cent at Rs 697.10 after  the company has posted a 27% rise in net profit compared to the corresponding period last year, beating market expectations. The company has posted a profit of Rs1,064.3 crore.

Stock advice for today are given below-

Buy Tata Power above 77.6 Target 85 SL 70

Buy Torrent Power above 240.25 Target 250 SL 230

Sell Phillips carbon below 230.5 Target 225.99 SL 235

Buy Merck above 3121.4 Target 3200 SL 2900

Buy Andhra bank above 28.5 Target 30.99 SL 24

Stock Market News and Advice for today 30th october

Sensex, Nifty trade in losses

The domestic benchmarks BSE Sensex and NSE’s Nifty50 fall on Tuesday following weak Asian signals.  The Indian rupee traded lower against the USD amid mixed trend in Asian currencies. Following selloff in the global markets, oil prices also eased.

The BSE Sensex traded 83 points lower at 33,984-mark, while the Nifty50 of NSE was down 28.90points to 10,222-level.

Bharat Petroleum, Hindustan Petroleum, Indian Oil and Coal India were among major losers on the Nifty, while Yes bank, Gail India and SBI are trading with gains upto 4 percent.

Sectorally, Nifty Media, FMCG, Metal Pharma were trading in the red, while Nifty PSU Bank index trade higher in trade.

Here are the stock advice for today-

Buy Tata Motors above 178 Target 190 SL 170

Buy Reliance Industries above 1064.7 Target 1080 SL 1054

Buy Balrampur chini above 108.5 Target 115 SL 100

Buy SBI above 276.85 Target 285 SL 270