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Sensex breaks 27,000, down about 500 points, what experts say--

Discuss Sensex breaks 27,000, down about 500 points, what experts say-- within the Stock Markets Tips & Gyan !! forums, part of the Quiz , Marketplace and Community games category; The S&P BSE Sensex fell about 400 points in intraday trade on Tuesday, breaking below 27,000. Bank Nifty is down ...

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Sensex breaks 27,000, down about 500 points, what experts say--
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Smile Sensex breaks 27,000, down about 500 points, what experts say-- - June 29th, 2015

The S&P BSE Sensex fell about 400 points in intraday trade on Tuesday, breaking below 27,000. Bank Nifty is down below its 200-DMA.

Adani Enterprises dropped 80% today as the company hived off its port and power businesses and merged them with Adani Ports, Adani Power. Investors might not have lost any money. Adani Ports will issue 14,123 shares for every 10,000 Adani Ent shares held; Adani Power will issue 18,596 shares for every 10,000 held.

Nestle plunged nearly 10 per cent as trouble mounted for Maggi. However, Ashwini Gujral said investors need not get swayed till the case is over and maintained its 'buy' call.

Rupee is trading higher against the dollar on the Interbank Foreign Exchange.

Markets @ 12:00

Sensex: 27,802 down 385 points; Nifty: 8,123 down 112 points

Top Gainers

NTPC (0.5%), TCS (0.4%), COAL INDIA (0.3%), HDFC (0.1%), INFOSYS LTD (0.0%)

Top Losers

TATA MOTORS (-4.7%), ITC LTD (-4.4%), TATA POWER (-4.1%), BHEL (-3.2%), ICICI BANK (-3.1%)

BUZZING STOCKS

Emami gained over 3 per cent a day after it acquired Kesh King for Rs 1651 crore.

Unitech cracked 50 per cent

Short-term uncertainties back; look at pharma stocks as long-term bets: Kunj Bansal,ED & CIO, Centrum Wealth Management Ltd.

Nifty gives strong signals; 8,000-8050 levels in sight: Ashwani Gujral,Fund Manager, Ashwanigujral.com.

See bullmarket continuing for another 12-18 months; must invest on dips: Standard Chartered Bank.
Outlook for markets is weak: Shankar Sharma, Vice-Chairman, First Global. Read Here

Prefer MM Forging, JK Cement, PTC Financial, says Kunj Bansal. Read Here

ITC may continue to remain an underperformer: Kunj Bansal,ED & CIO, Centrum Wealth Management Ltd.

Nifty sees a fresh leg of downtrend, heads towards sub-8000 levels: Mitesh Thacker, Technical Analyst, miteshthacker.com.

To look at buying into quality stocks on back of correction: Motilal Oswal AMC

Difficult for us to cut lending rates any further: Arundhati Bhattacharya, Chairman, SBI.
Here is a list of twelve stocks that are in focus today:

State Bank of India: State Bank of India (SBI), the nation's top lender by assets, said on Tuesday it will cut its base lending rate by 15 basis points to 9.7 per cent, effective June 8.

Power Grid Ltd: State-run transmission utility Power Grid Corporation (PGCIL) is planning to invest Rs 22,500 crore this fiscal to fuel its expansion plans.

RIL: Reliance Industries will produce 23 million standard cubic meters per day of more gas from five discoveries in the flagging KG-D6 block by 2016-17, the Oil Ministry said in its latest annual report.

Allahabad Bank: First off the blocks, state-owned Allahabad Bank cut its base rate or minimum lending rate by 0.3 per cent within hours of RBI lowering key policy rate for the third time this year.

Nestle Ltd: The Delhi government has decided to initiate a case against the company for selling an unsafe product and impose a financial penalty for "misbranding".

Apollo Hospitals Ltd: Healthcare major Apollo Hospitals Enterprise has acquired 51 percent stake in Assam Hospitals to strengthen its presence in the north-eastern region.

South Indian Bank: South Indian Bank has informed that the Board of Directors of the Bank at its meeting has decided the to augment Tier I capital by way of increasing the paid-up capital of the Bank by issue of equity shares not exceeding Rs.20 crores in nominal value.

Punjab & Sind Bank: The bank has reduced its 'Base Rate' by 25 bps from existing 10.25% p.a. to 10.00% p.a. as well as, reduced 'Benchmark Prime Lending Rate' (BPLR) by 25 bps from existing 15.25% p.a. to 15.00% p.a. effective from 03 June 2015.

Oberoi Realty Ltd: The company on Monday said its board has passed an enabling resolution for raising up to Rs 2,250 crore by issuing debentures and equity shares through public offer and private placement.

Essar Ports Ltd: The company said a strategic pact between the company and Port of Antwerp International has been mutually terminated.

Emami Ltd: Mid-tier FMCG firm Emami Ltd on Tuesday acquired the 'Kesh King' brand of hair and scalp care products from SBS Biotech for Rs 1,651 crore, one of the largest deals in the segment in recent times, after the seller agreed to lower the original asking price.

Balmer Lawrie Ltd: Diversified public sector enterprise Balmer Lawrie is planning to expand its distribution network and double its market share over the next five years, a senior official of the company said.

MARKETS THROUGH THE DAY

Markets @ 11:00

Sensex: 27,047, down 140 points; Nifty: 8,188, down 48 points

Top Gainers

COAL INDIA (1.7%), RELIANCE IND. (1.2%), WIPRO (1.2%), NTPC (0.8%), HDFC (0.7%)

Top Losers

TATA MOTORS (-4.1%), ITC LTD (-3.4%), HIND. UNILEVER (-1.9%), AXIS BANK(-1.8%), SUN PHARMA (-1.6%)

Markets @ 10:00

Sensex: 27,041 down 146 points; Nifty: 8,184 down 52 points

Top Gainers

COAL INDIA (1.6%), WIPRO (1.3%), INFOSYS LTD (1.0%), BHEL (0.6%), RELIANCE IND. (0.6%)

Top Losers

TATA MOTORS (-3.3%), ITC LTD (-3.0%), GAIL (-2.3%), ICICI BANK (-2.1%), YES BANK (-2.0%)

Markets @ 9.20

The 30-share index was at 27,146 down 41 points or 0.15 per cent. It touched a high of 27,276.22 and a low of 27,065.78 in trade today.

The Nifty was at 8210 down 26 points or 0.32 per cent. It touched a high of 8236.70 and a low of 8197.70 in trade today.

The S&P BSE Midcap Index was down 0.22 per cent and BSE S&P Smallcap Index edged lower by 0.07 per cent.

Wipro (up 1.1 per cent), Infosys (up 1.15 per cent), Coal India (up 0.83 per cent), BHEL (up 0.82 per cent) and HDFC (up 0.79 per cent) were among the major Sensex gainers.

ITC (down 2.3 per cent), ICICI Bank (down 1.6 per cent), Tata Motors (down 1.4 per cent), GAIL (down 1.2 per cent) and HUL (down 1.2 per cent) were the major index losers.

Source: http://economictimes.indiatimes.com/...w/47522773.cms
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Re: Sensex breaks 27,000, down about 500 points, what experts say-- - June 29th, 2015

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