Spectacular boom is seeing in market on first day of trading session, both benchmark indices gained 0.90%. Midcap and Small cap shares are in buying trend, CNX Midcap index gained 0.5% and and BSE Smallcap index moved up 0.75%. All Sector index are seen on green except BSE Auto and Realty index.
Retail investors may have little difficulty to earn in F&O, because SEBI is considering to increase contract size. Currently the contract size is Rs 2 Lakh and SEBI wants that it should be Rs 5 Lakh.
In fiscal year 2015 fourth quarter Sterlite Tech profit increased 3.9 time to Rs 39 crore, in 2014 Q4 it was Rs 10.1 crore.
Investment advice of experts
Tata Steel: Hold with stop loss Rs 305 and Target Rs 380.
SBI: Hold, big rally possible.
Agri Commodities price increased, at NCDEX Chana is traded near Rs 4700 with 3% gain, Soyabean and Mustard seed are traded with 1% gain.
Gold Price is reached at 3 month high level, while Silver is trading above Rs 40000 in domestic market.