After Choppy trading session on first day of week Indian stock market closed on negative bias. BSE SENSEX ended marginally low. The Fifty share index Nifty Closed below psychological mark 5900.
Cipla, Axis bank, Hindalco, TataMotors, Dr Reddy’s Lab Gained on Nifty index while ACC, Jindal steel, IDFC, Maruti, ONGC Down on Nifty index.
Realty and Pharma index moved strongly today, According to analyst, liquidity and low interest rate boost Realty stocks.
Among Pharma Stock Cipla gain 3%, Report said Indian Major Pharma Company Cipla has postponed their plan to acquire South African firm MEDPRO on account of high valuations.
Dr Reddy’s Laboratory will announce their Q3 Result on 14 Feb after Board of Meeting. The stock moved 2.24% today touch high 1909.00. stock closer to 52 week high position.
Sunpharma gained 0.36% and Ranbaxy declined 0.23%.
Nifty Future Tips
Buy Dr Reddy’s Lab Future Feb 28 Target 1940.35 stop loss 1870.00.
Sell Sun Pharma Future Feb 28 Target 746.55 stop loss 758.50.
Buy Cipla Future Feb 28 Target 399.30.
Buy DLF Future Feb 28 Target 275.40 stop loss 269.55.