Nifty Can Fall to 7,800 Levels, says Anil Manghnani

 Sharemasterindia.com: Sensex consecutively fell for the second straight day and the 50-share Nifty slipped below its crucial psychological level of 8,150 on the back of broad-based selling.

In the last two trading sessions, the Sensex plunged over 1,100 points after the market participants interpreted from the Reserve Bank of India's commentary that going ahead chances of another rate cut in the current calendar year remain bleak as monsoon uncertainty poses upside risk to inflation. The RBI also slashed its growth forecast for FY16 to 7.6 per cent from 7.8 per cent earlier.

Jaiprakash Denies Repayment Default Rumour After Shares Fall

Mumbai(Sharemasterindia.com): Infrastructure firm Jaiprakash Associates Ltd said a sharp plunge in the share price of group companies on Wednesday was not related to the performance of the company or any action from its lenders.

The company said it "categorically denied" rumours related to a share revocation and defaults in repayment obligations, which caused shares in the parent company to plunge as much as 32 per cent.

Nifty Gainers/ Losers

Nifty Gainers/ Losers

Gainers
Symbol	LTP	% chng	Volume
IDEA INFY COALINDIA BHARTIARTL NTPC	176.10 2,027.45 387.00 421.65 139.00	2.12 0.94 0.91 0.85 0.76	60,23,580 13,41,688 41,08,111 35,65,580 67,16,485

Losers
Symbol	LTP	% chng	Volume
TATAPOWER BOSCHLTD CAIRN ONGC GAIL	70.15 21,714.05 186.40 307.65 375.35	-6.53 -4.53 -3.97 -3.95 -3.51	58,09,499 25,102 25,81,557 32,62,017 9,64,651

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Why Adani Enterprises Shares Crashed 82% Today

Sharemasterindia.com: Adani Enterprises crashed 82 per cent to an intraday low of Rs 115.25 on Wednesday as its share price was adjusted for demerger of its port, power and transmission businesses. June 4 is the record date for demerger.
 
Adani Enterprises had earlier announced the hiving off of these businesses into separate companies. Under a corporate restructuring, Adani Enterprises demerged its ports business into Adani Ports following which shareholders of Adani Enterprises will get 14.123 shares of Adani Port for every 10 share held in Adani Enterprises.

Unitech Crashes Over 50%, Suzlon Sinks 10%

 Sharemasterindia.com: Broader markets came under severe strain on Wednesday with some well-tracked stocks falling by more than 30 per cent in intraday trades. The BSE midcap index traded 1.6 per cent lower, while the small cap sub-index slumped nearly 2 per cent as compared to 1 per cent fall in the benchmark Sensex and Nifty indices.

BHEL Gains on Largest-Ever Order Win

Sharemasterindia.com: BHEL on Wednesday gained nearly 2 per cent to Rs 255.30, a day after it said that the company had bagged its largest ever order.

BHEL won an order worth Rs 17,950 crore from the Telangana State Power Generation Corp (TSGENCO) to set up a 4,000 MW plant at Yadadri.

Dollar Mauled as Euro Leads Vicious Short Squeeze

Sydney(Sharemasterindia.com): The US dollar was broadly lower on Wednesday as hopes for progress in Greek debt talks and a huge spike in European yields combined to give the euro its biggest gain in three months.

The dollar index, which measures it against a basket of six major currencies, was down at 95.943 having shed 1.5 per cent on Tuesday in its biggest one-day drop since July 2013.

The euro was enjoying the view at $1.01150, having climbed 2 per cent overnight, while the dollar lapsed back to 124.08 yen and away from a 12-1/2-year peak of 125.070.

Oil Prices Down Ahead of US Energy Stockpiles Report

Singapore(Sharemasterindia.com): Oil prices fell in Asia Wednesday, reversing steep gains in the previous session as dealers awaited the latest US energy stockpiles report amid concerns about a sustained global supply glut, analysts said.

US benchmark West Texas Intermediate for July delivery fell 35 cents to $60.91, while Brent crude for July eased 27 cents to $65.22 in late morning trade.

WTI jumped $1.06 and Brent rose 61 cents Tuesday after a sharp fall in the US dollar, which made dollar-priced crude cheaper for buyers using weaker currencies.

Lenders Including SBI Cut Interest Rates After RBI Move

Mumbai(Sharemasterindia.com): Equated monthly installments on home and auto loans are likely to come down after State Bank of India (SBI), the nation's top lender by assets, said on Tuesday it would cut its base lending rate by 15 basis points to 9.7 per cent effective June 8 after the central bank cut its key policy rate for the third time this year.

Some other smaller state lenders also announced base lending rate cuts of between 25 and 30 basis points.

Earlier on Tuesday, the Reserve Bank of India cut the repo rate by 25 basis points, taking the total reduction this year to 75 basis points to help boost economic growth.

Sensex, Nifty to Open Lower; State Bank of India in Focus

Sharemasterindia.com: Nifty is likely to open lower in trades on Wednesday tracking subdued trading of Nifty on the Singapore Stock Exchange.

The Nifty which is traded on the Singapore Stock Exchange also known as the SGX Nifty was down 0.29 per cent or 24 points at 8,204 levels.

Maggi Samples Tested Are 'Unsafe', Says Delhi Government; Kerala Orders Recall From Government-Run Shops

(Sharemasterindia.com)New Delhi:  Kerala has ordered a pullout of Maggi noodles from government-run outlets and the Delhi government has said samples that it tested were found "unsafe," amid a country-wide scrutiny of the product for high content of lead and mono-sodium glutamate or MSG, a taste enhancer.

Here are the latest developments:

Today's Sure Shot Stock Tips (Dated: 03-06-2015)

Today's Sure Shot Stock Tips (Dated: 03-06-2015)

INDUSINDBK @ 844.85

Buy INDUSINDBK above 844.85 with strict stoploss below 839 for Intraday Targets 848/853.

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