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Today Nifty Tips

It was a smooth begin for the industry on last day of this weeks time. Bharti Airtel stabilises in starting business after dropping 11% in last 2 days.

The Sensex was down 22.04 Points or 0.13% at 17538.81, and the Nifty lost 8.80 factors or 0.16% at 5314.11. The depth of the industry was inadequate. About 523 stocks innovative, 458 stocks dropped, and 2460 stocks stay unchanged.

Top gainers on the Nifty were Bharti Airtel, Sterlite Industries, ONGC, TCS and SBI. Disappointing results from heavyweights like Ranbaxy Labs, Tata Motors and BPCL pushed stocks lower.

The Indian market has been firm over the last few sessions.

According to our experts, a international risk-on can take the industry greater. "But macro headwinds keep be an overhang. That is why we are not so favorable available on the market. Actually we are suggesting traders to stay protecting on the Indian market" .

Asian shares paused on Friday as investors took stock of a four-day rally driven by optimism, yet to be borne out by action, that authorities will soon take the steps needed to ease concerns over the eurozone's debt crisis and weak growth.

UBS downgraded State Bank of India  to 'sell' from 'buy', saying a weak monsoon would add to its "already high" non-performing loans, while expecting margins to decline due to rising cost of funds and potential cuts in the lending rate.

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