Share Trading Tips

Buy OBC with stop Loss of Rs 359 for a target of Rs 415 Sell Reliance Power around Rs 169.4-170.8; stop loss Rs 171.5; book profit around Rs 167.4-164 Buy IFCI with stop loss of Rs 60 for a target of Rs 70 Buy HDFC Bank around Rs 2087-2099; stop loss Rs 2084; book profit [...]

US stocks ended lower for a second day after a rocky session that saw the Dow trade in a nearly 200-point range. In economic data from US, initial jobless claims for the week ended July 24 came in at 457,000, which is below the expected total of 464,000. Continuing claims hit 4.57 million, which is [...]

China’s Shanghai Composite was down 0.24% or 6.44 points at 2,641.68. Hong Kong’s Hang Seng shed 0.40% or 85.36 poinst at 21,008.46. Japan’s Nikkei fell 1.49% or 144.38 points at 9,551.64. Singapore’s Straits Times slipped 0.41% or 12.40 points at 2,985.25. South Korea’s Seoul Composite declined 0.71% or 12.58 points at 1,758.30.

US mkts close in red after Fed’s latest Beige Book report pointed to a sluggish recovery; earnings disappointed; Indian ADRs ended mostly lower In the US markets, benchmark indices closed in the red after the Fed’s latest “Beige Book” report pointed to a sluggish recovery and earnings disappointed. Nasdaq Composite was down 1.04% or 23.69 [...]

Asian markets were quiet in trade. China’s Shanghai Composite was up 0.36% or 9.56 points at 2,643.22. Hong Kong’s Hang Seng was flat at 21,091.17. Japan’s Nikkei slipped 0.52% or 51.09 points at 9,702.18. Singapore’s Straits Times was down 0.11% or 3.39 points at 2,981.99. South Korea’s Seoul Composite was flat at 1,772.28. Taiwan’s Taiwan [...]

BP Plc is in talks with Reliance Industries and Essar Group to sell its African retail assets that could be worth as much as $500 million, sources said on Wednesday. It was not known whether BP was showing the African assets to other potential buyers. It plans to sell $30 billion of assets over the [...]

Asian markets were trading down on Wednesday morning. Hong Kong’s Hang Seng was down 0.22% or 45.75 points at 20,927.64. Singapore’s Straits Times was down 0.19% or 5.68 poinst at 2,973.70. South Korea’s Seoul Composite was down 0.13% or 2.24 points at 1,766.07. Taiwan’s Taiwan Weighted was down 0.12% or 9.12 points at 7,738.89. China’s [...]

Sell Tech Mahindra, last close Rs 710.40, sell around Rs 725.90-714.50, stop loss Rs 730, cover short at Rs 699.10-672.30. Buy Banco Products with a stop loss of Rs 128 for a target of Rs 148. Buy S Kumars, last close Rs 83.45, buy around Rs 81.50-82.70, stop loss Rs 80.70, book profit at Rs [...]

Global Markets Snapshot: US markets tumbled post Ben Bernanke’s comments. Ben Bernanke said the economic outlook remains “unusually uncertain” and he acknowledged the labour markets continued weakness. Asian markets were trading weak. The US markets tumbled post Ben Bernanke’s comments. The Dow ended 109 points lower, after slipping in late trade. The Dow Jones Industrial [...]

Asian mkts trading mostly down; Hang Seng down 0.28%, Nikkei 225 fell 0.68% Asian markets were trading mostly down on Thursday morning. Hong Kong’s Hang Seng was down 0.28% or 58.09 points at 20,429.14. Japan’s Nikkei 225 fell 0.68% or 63.53 points at 9,215.30. Taiwan’s Taiwan Weighted was down 0.33% or 25.17 points at 7,676.12. [...]