Nifty Tips
Stock Market News and Updates :-
1. Rupee hits 53, weakest in nearly 2 weeks .
2. GVK cleared to build Queensland coal terminal .
3. Sensex down on profit selling ..
4. Germany seen ready to block EADS-BAE merger.
5. IndiaBull Groups stocks plunge after Arvind Kejriwal’s comments.
6. Government defers RINL IPO on valuation tussle.
7. Subhiksha’s Subramanian returns after 3-year absence .
8. Generalist hedge funds spook oil market .
Nifty trading low due to weak Asian market sentiments.
DLF (4.08%), Siemens (1.65%), BHEL(1.46%), Reliance Infrastructure (1.46%) and M&M (1.45%) were the top Nifty losers.
We already recommended that Realty stocks like HDIL and IBREAL have rallied more than 50 % in a month, as the expiry approaches, we expect a build up of huge shorts in them, scenario could emerge from second half of this week. As a result, today HDIL and DLF down 4% IBREAL down 8%.
Traders and Investors are advised to keep a close eye on kejriwal hit stocks, DLF, India Bulls Real estate, HDIL as pressure expected on these stocks.
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