12:15 Sify Finance PM: Buy SKS Microfinance for the target price of Rs 327: Firstcall
11:43 Sify Finance PM: Buy Lupinfor medium term.
Go in for modest exposure at current levels and add small quantities at sharp declines.
11:23 Sify Finance PM: Hold Marico (Rs 252) with a stop loss near Rs 230 for short term.
Long term investor can consider fresh buying at declines.
10:53 Sify Finance PM: Due to sustained selling pressure, the market, which declined sharply in early trade this morning on weak global cues, continues to languish in negative territory.
With the mood quite bearish due to geopolitical worries amid the conflicts in Iraq, Ukraine and Israel, investors are quite reluctant to lap up stocks despite some strong quarterly results from India Inc. Data showing a fairly good show of the country's core sectors in July too has failed to lift sentiment any significantly.
The Sensex is down 132.30 points or 0.51% at 25,763.17, off the day's low of 25,679.46. Meanwhile, the Nifty index of the National Stock Exchange, which has recovered to 7679.90 from a low of 7649.75, is down 41.40 points or 0.54% from its previous close.
10:25 Sify Finance PM: Buy Pidilite Industries for short to medium term gains.
Keep a stop loss around Rs 340.
9:58 Sify Finance PM: Stocks tumbled in early trades on the Indian bourses this morning, with investors indulging in some heavy selling, tracking overnight setback on Wall Street amid mounting geopolitical concerns due to ongoing conflicts in Ukraine and Israel.
The BSE benchmark Sensex tanked to 25,679.46 in early trade, losing about 215 points in a flash, but has subsequently recovered to 25,758.75, cutting down its loss to 136.22 points or 0.52%.
The Nifty index of the National Stock Exchange, which plunged to 7649.75, is currently at 7676.85, down 34.45 points or 0.58% from its previous close.
9:50 Sify Finance PM: Hold HDIL with a stop loss near Rs 80 for short term.
Investors with a long term plan can buy the stock at declines.
9:41 Sify Finance PM: Support for Nifty is it 7750-7650: Gaba
9:03 Sify Finance PM: The Indian stock market is likely to open with a negative gap on Friday, tracking weak global cues.
Data showing an improvement in Chinese manufacturing activity in July could help lift sentiment a bit and limit market's losses.
Quarterly results will give some direction. The rupee's movements will be eyed as well.
Tech Mahindra has reported an 8.1% drop in net profit for the quarter ended June 2014 from the year ago quarter. However, on sequential basis, Tech Mahindra's net profit was up 2.7% in the quarter.
Realty major DLF said its consolidated net profit declined 29% in the first quarter of fiscal 2014.
Berger Paints, Carborundum Universal, JSW Steel, PTC India, Union Bank of India, United Spirits and TV Today Network will announce their results today.