Markets Gain for Seventh Day; Sensex Surges 400 Points, Nifty Ends Above 8,350

Sharemasterindia.com 3:30 p.m.: The Sensex provisionally closed 398 points higher 27,714 and the Nifty provisionally ended at 8,351, up 126 points.

3:28 p.m.: Shrikant Chouhan of Kotak Securities told NDTV that, Bharti Airtel is out of the breakout of falling range and the stock can cross Rs 500 in the couple of months. Stock has good support at Rs 410-420.

3:22 p.m.: Bharti Airtel was among the notable losers on the Nifty. The stock fell 2 per cent to Rs 425. Reliance Industries, Lupin, UltraTech Cement, ONGC and Idea Cellular were also among the laggards.

Nifty Gainers/ Losers

Nifty Gainers/ Losers

Gainers
Symbol	LTP	% chng	Volume
PNB AXISBANK ICICIBANK YESBANK BOSCHLTD	138.45 572.20 315.65 858.65 21,825.00	6.09 3.74 3.64 3.46 3.40	55,99,686 72,42,155 1,53,81,864 31,83,655 27,602

Losers
Symbol	LTP	% chng	Volume
BHARTIARTL RELIANCE LUPIN IDEA ULTRACEMCO	423.95 990.50 1,808.85 175.20 2,799.35	-2.32 -0.62 -0.44 -0.17 -0.12	36,24,597 43,68,676 8,87,439 21,15,622 1,29,285

Do visit for: NSE Top Gainers & Losers

Indiabulls Real Estate Soars as Promoter Plans to Hike Stake

Sharemasterindia.com: Indiabulls Real Estate shares jumped as much as 16.5 per cent on Monday following promoter Sameer Gehlaut's announcement about fund infusion in the realty developer.

Mr Gehlaut will infuse Rs 538 crore in Indiabulls Real Estate via preferential issue and warrants at a price of Rs 67 per share, which is at a premium of 59 per cent of Friday's closing price of Rs 42.05 on the Bombay Stock Exchange.

Banking Stocks Surge; ICICI, SBI, HDFC Bank Lead Gains

Sharemasterindia.com: Banking shares rallied on Monday with the sectoral index Bank Nifty rising nearly 1.8 per cent as compared to a 0.90 per cent gain in Nifty. Analysts attributed the outperformance to a catch-up rally.

Banking stocks have underperformed the broader markets so far this month as concerns over a weak monsoon put in doubt future rate cuts by the Reserve Bank of India.

Bank Nifty is down nearly 4.5 per cent so far this month as compared to a 2.2 per cent loss in Nifty.

Lupin to Replace Tata Power on Sensex From Monday

New Delhi (Sharemasterindia.com): Drugmaker Lupin will replace private sector electricity producer Tata Power on the BSE benchmark index Sensex from Monday.

Since May 22, when the announcement was made by BSE, shares of Tata Power have lost nearly 5 per cent, while Lupin gained 4.6 per cent.

Besides, a host of changes would also be effective in various other indices, where Adani Power would be dropped from the BSE 100 index.

Live: Sensex Jumps 150 Points, Nifty Above 8,250

Sharemasterindia.com 9:40 a.m.: Reliance Industries shares edge lower on profit- booking. The RIL stock was down 0.5 per cent at Rs 991. The stock in last six trading sessions saw an up move of 13.3 per cent.

9:34 a.m.: The broader markets were also witnessing buying interest. The BSE mid-cap index advanced 0.4 per cent and the small-cap index jumped 0.6 per cent.

9:30 a.m.: Markets opened on a strong note in trades on Monday. The Sensex advanced over 150 points and the Nifty jumped above its psychological level of 8,250 on the back of broad-based buying.

Sure Shot Hot Stock Delivery Tips (Dated: 22-06-2015)

Sure Shot Hot Stock Delivery Tips (Dated: 22-06-2015)

RELIANCE @ 996.65

BUY RELIANCE ABOVE 996.65 WITH STRICT STOPLOSS BELOW 985 FOR INTRADAY TARGETS 1002/1008 

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