Stock market analyst Rajat K Bose has suggested investors to sell Sterlite Industries stock as there are full chances of a downward trend in this stock.

The stock is trading weak after opening at Rs 559.70, against its last closure at Rs 575.70 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 15.64 and 34.68 respectively. The share price has seen a 52-week high of Rs 1140 and a low of Rs 549.90 on BSE.

Taking signs from weak Asian markets, the BSE Sensex opened with a negative gap of around 100 points at 14,852.20 on Tuesday (Sep 09).

The BSE, which plunged to 14,714.92 during the day, marked its closure at 14,900.76 after losing 44.21 points. It also touched an intra-day high of 14,998.32.

The Nifty, which touched an intra-day high of 4497.50 and an intra-day low of 4418.95, ended the day at 4468.70, down 13.60 points.

Stock market analysts have maintained ‘buy’ rating on Balrampur Chini Mills stock with an intraday target of Rs 96.

According to them, interested traders can purchase the stock above Rs 92 with a strict stop loss of Rs 90. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 98.

Stock market analysts have maintained ‘buy’ rating on Suzlon Energy stock with an intraday target of Rs 239.

According to them, interested traders can purchase the stock above Rs 235 with a strict stop loss of Rs 232. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 242.
 

Indian stock markets are likely to remain range bound in today’s trading session.

After opening with a gain of 494.41 points, at 14,978.24 on Monday (Sep 08), the market traded in a range bound manner all through the day.

At last, the BSE Sensex ended the day at 14,944.97, up 461.14 points, after hitting a high of 15,107.01 and a low of 14,917.06. The broad-based NSE Nifty gained 130 points at 4,482.30 after touching a high of 4,558 and a low of 4,358.30.

Indian equities gained on a positive note on Monday (Sep 08) after shedding some of its gains during the late trade.

The bulls were back in action and recovered 15,000 mark again. Heavy buying action was witnessed in midcap and smallcap stocks.

The BSE barometer, which lost 415.27 points during the previous trading session (Friday, Sep 05), opened with a gain of 494.41 points, at 14,978.24 on Monday getting Nuclear Suppliers’ Group (NSG) waiver on nuclear energy for civilian purpose from the US.