Stock Market Trading Tips
The key benchmark indices continued to trade steadily tracking positive domestic as well global cues on Friday. The BSE Sensex rose 90.60 points to 33,678 and the NSE Nifty50 Index rose 34 points to 10,381 at 11:10 hours today.
Shares of Infosys gained over 1.5% on Friday later hours, while stocks of Reliance Industries, Bajaj Auto and Bharti Airtel were trading up over 0.5 percent each. In the Nifty50 pack, shares of IndusInd Bank, Tech Mahindra & Aurobindo Pharma gained over 1 percent each, to help the index keep up the opening gains. In the Nifty index, 40 stocks advanced while 10 stocks declined, on the other hand, Hindustan Unilever, Tata Stee and Adani Ports shed nearly 1% each on Sensex.
Shares of Bata India declined 2% to Rs. 730 following Brokerage firm Motilal Oswal has down-graded the company to sell from buy & kept its price target to Rs. 578 per share, down 23 percent from its previous close.
Shares of RBL Bank Ltd rose 3 percent to Rs. 521.15 after huge block deal. About 5.93 mln shares of the bank changed hands in a block deal, as per media report.