Sensex gains 100 points; ICICI Bank top loser; Ruchi Soya slips 3%

Watch Video to know Stock Picks from D D Sharma

Market Breadth

Market breadth, indicating the overall health of the market, turned positive. On the BSE, 651 stocks rallied, 324 stocks slipped, while 42 stocks remained unchanged.

Markets At Open 

At 9:20 am, the Sensex was trading at 35,574, up 130.36 points, while the broader Nifty50 was ruling at 10,809, up 41.85 points. In the broader market, BSE Midcap and the BSE Smallcap indices gained 0.2 per cent and 0.3 per cent, respectively. 

Reliance Industries, ICICI Bank among top ten stocks in focus today

ICICI Bank: As a multi-agency probe continues in India into alleged lapses involving ICICI Bank’s chief Chanda Kochhar and her family members, the matter has also come under the scanner of the U.S. markets regulator, the Securities and Exchange Commission (SEC).

FAST MONEY: RIL, Nandan Denim among top intraday trading ideas

1) Reliance Industries (Buy)

Target: Rs 992
Stoploss: Rs 981

• Morgan Stanley overweight on the stock 
• MS sees target price at Rs 1000
   

From HCL Tech, Maruti Suzuki to PVR, here are 5 stock picks for the week

Indian markets finished on a negative note last week, with Sensex tumbling by over 19.41 points or 0.05% at 35,443.67 and Nifty 50 muted at 10,767.20. These two benchmarks gave away their gains which were boosted by India’s GDP growth rate of  7.7% in Q4FY18, and were trading cautiously last week in the midst of RBI’s policy announcement. RBI held a three day meeting for the first time in history, and on June 06 the central bank raised policy repo rate by 25 basis points to 6.25% from previous 6% which was also a first during Narendra Modi regime. RBI maintained a neutral stance, but also raised CPI inflation target by FY18 end. CPI, WPI and IIP will be presented in upcoming week and domestic indices will move as per the performances of these indicators. RBI has already raised a list concern which pressurizes inflation in coming months. 

Asian markets wobble on Donald Trump's fresh move; here are key developments in focus

Asian stocks moved gingerly on Monday as a weekend G7 summit fanned trade conflict fears after U.S. President Donald Trump backed out of a joint communique in a blow to the group’s efforts to show a united front. Trump’s reversal, announced while he was en route to Singapore for a meeting with North Korean leader Kim Jong Un, sent his Group of Seven partners scrambling.

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