LATEST STOCK MARKET NEWS TODAY

Equity benchmarks started off day at fresh record high on Wednesday, with the Sensex surpassing psychological 30,000-mark on continued positive momentum and global cues.

The BSE Sensex was up 83.64 points at 30,026.88 and the NSE Nifty rose 32.35 points to 9,338.95, backed by banking & financials, FMCG and technology stocks.

Here are stocks that are in news today:

Results today: Axis Bank, Sterlite Technologies, KPIT Technologies, GIC Housing, Lakshmi Vilas Bank, Tata Sponge, KSB Pumps, Supreme Petrochem, Foseco India, LKP Finance, LKP Securities

Axis Bank added more than 1 percent ahead of earnings later today while Wipro surged 2 percent on better-than-expected numbers in Q4 and hopes of strong FY18 earnings.

Stock Tips for The day -

BUY NATCO PHARMA ABOVE 935 TARGET 945 WITH SL 925

BUY TATA SPONGE ABOVE 843 TARGET 851 WITH SL 833

BUY ARVIND FUTURE ABOVE 411 TARGET 415 WITH SL 407

BUY IRB INFRA FUTURE ABOVE 256 TARGET 257-258-261 WITH SL 251

BUY MCLEODRUSS ABOVE 189 TARGET 190.50-192-195 WITH SL 186.50

BUY SIEMENS FUTURE ABOVE 1360 TARGET 1370 WITH SL 1345

Stocks in the news: TCS, ITC, Coal India, NALCO, Dalmia Bharat, Nestle India

Here are stocks that are in news today:

Results today: Yes Bank, IndusInd Bank, Network 18, TV18 Broadcast, Sasken, RS Software, Mold Tek

TCS Q4

- Net profit down 2.5 % at Rs 6,608 crore versus Rs 6,778 crore (QoQ)

- Rupee revenue down 0.3 percent at Rs 29,642 crore versus Rs 29,735 crore (QoQ)

- EBIT down 1.4 % at Rs 7,627 crore versus Rs 7,733 crore (QoQ)

- USD revenue up 1.5 % at USD 4,452 million versus USD 4387 million (QoQ)

HOEC Q4

- Net profit at Rs 9.8 crore versus loss of Rs 1.8 crore (YoY)

- Total income at Rs 8 crore versus Rs 5.8 crore (YoY)

- One-time gain at Rs 6.4 crore versus Rs 2.4 crore (YoY)

Nestle India

- Clarifies on Rajasthan food regulators report on 'substandard' Cerelac

- Strongly disagree with the findings of the food analyst, Udaipur

- Got product from same batch tested at 3 NABL approved labs

Dalmia Bharat

-Subsidiary Calcom Cement gets shut down notice from local authorities in North East India

-We have all approvals in place to run unit, Calcom Cement

-Will pursue legal remedies if authority insists on shutting down unit

Coal India

- Coal controller announced new methodology for grading coal in FY18

- As per new methodology, 40.76% fractions were downgraded

- In most cases, downgrading has been by 1-2 grades

ITC

- General insurance companies sell ITC to hike book value before listing

- LIC, however, increased stake

Other stocks and sectors that are in news today:

- Glenmark gets tentative US FDA nod for Dabigatran Etexilate capsules

- Alembic Pharma gets tentative US FDA nod for anti-depression drug, Vilazodone

- Reliance Capital issues non-convertible debentures (NCD) worth Rs 1500 crore

- Allahabad Bank board meeting on May 17 to mull capital infusion by government

- SEBI to not initiate any action against Bhushan Steel

- Government to sell 10 % stake in NALCO via OFS today and tomorrow

- NBCC secures total business of Rs 1,877 crore in March 2017

- Sumeet Kumar Somani new MD of Sumeet Industries

- SPML Infra completes irrigation project in Gujarat

- Tata Steel UK plans USD 663 million payout to sttle pension dues: ET

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Nifty Trend & Stock Tips on Whatsapp

The 30 -Share BSE Sensex is down 58.90 points or 0.2% at 26807 & the 50-Share Nifty is down 19.15 points or 0.2% at 8219.35. 

Expert views on Stocks - 

Delta Corp is Showing its Bullish trend after crossing level of 90 ,now can watch for 100, Strong Buy level is there, maintain stop loss also. 

Andhra Bank - From Last 3 days it is trading at 55.15 now one can see Bullish trend As It is going to raise Rs.1000 cr via bonds.

Aurobindo Pharma - watch Bearish trend after 734, Moves with Nifty50 as USA Recieves US FDA tentative approval for Efavirenz tablet.

Nifty Trend For Today -

R1	R2	Nifty	S1	S2
8300	8275	8213	8200	8063

SENSEX slips over 300 pts. & Nifty50 below 8150 | Intraday Stock tips for Today

Market Report -  

The BSE Sensex is down 324.83 points or 1 % at 26401.51 and also the Nifty is down 109.30 points or 1.3 % at 8097.30.

The Indian market came under pressure once the US Federal Reserve kept interest rates unchanged on Wednesday however signalled that it still plans to lift rates double in 2016. 

ICICI Bank, TCS, Bharti Airtel, NTPC and ITC are major losers within the Sensex. GAIL is the only stock in Gainers in  BSE.

Intraday Tips for Today -

BUY MOTHERSON 280 PE @ 6.70, STOPLOSS 3.95, TARGET 9 & 11.50

BUY MARUTI 4100 PUT ABOVE 100 TARGET 110, 122, 137 SL 88.

BUY SBI FUTURE ABOVE 213.50 TARGET 214.25, 215.25, 216.50 SL 212.20.