Stocks Tips for Today
Buy Coal India ( 10-15 )
Tgt - 275-290
SL – 255-59
Buy SESA Goa Intraday
TGT - 282,289
SL - 266.65
Market Trend for the day
The Indian markets stumbled in previous session, as profit booking emerged at the higher level. Though commodities and IT stocks kept their spirit up on good global cues but other sectoral space took a beating. Today the start is likely to be cautious-to positive, though IT bellwether ‘Infosys’ came up with good set of numbers, its consolidated net profit has increased by 16.7% while its net sales grew by 12.1% Q-o-Q, it has improved considerably on its own guidance and that is likely to give a confidence to the markets. EPS growth of the company is seen at 1.5-3.1% while revenue growth is seen at 3.5-4.5%. Operating margin of the company stood at 30.1 against 28.2%. Meanwhile, the Reserve Bank of India said it may intervene in the currency markets to shield exporters as capital inflows this year fueled a rally in the rupee. FII inflows crossed the $22-billion mark on Thursday.
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