Nifty Support at 8800: Nifty Tips and Stock Call Today

Today the Rupee has strengthened against the US dollar. The rupee open at 66.36 level strengthened by 16 paise. The rupee had closed at the height of the last 4 months in last trading session. The rupee strengthened by 30 paise and closed at 66.52 level yesterday. On Friday, the rupee was up by 13 paise to close at 66.82.

Nifty Tips For Today

As per our experts Nifty has a strong support levels at 8800 mark and it will go upside until the support level is not break. We are looking at a resistance level at 9000-9025 levels. We suggest to enter in Nifty with a buying mode with keeping a stop loss at 8850 for target level at 9000 and 9025 level. Please consider this as a Nifty tips for today and revisit again for daily Nifty Tips.

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Hot Stocks to Buy Sell Today: 4th June 2015

Airtel has raised $1 billion, or around Rs 6,400 crore, by selling bonds to global investors. Those bonds have been priced at 210 basis points over and above the 10-year US Treasury bond yields, which would offer a final rate of 4.37 per cent. Last year the company obtained a spread or gap of 270 bps when they had sold 10-year bonds offering 5.35 per cent.   

Bayer CropScience announced a buyback proposal to purchase 12.65 lakh shares at a price of Rs. 4,000 a share aggregating to Rs. 506 crore. 

Maruti Suzuki has introduced its Celerio hatchback with a diesel engine hoping that the car’s fuel economy will draw new buyers. The Celerio has a two-cylinder 793-cubic centimeter diesel engine. Maruti claims the car can  travel up to 27.62 kilometers (17.16 miles) to a liter of diesel, which it says is the highest mileage for any car sold in India. The company has invested more than 9 billion rupees ($141.3 million) to develop the new engine, sourcing 97% of its parts from local suppliers. 

Tata Teleservices’ woes continued with the company reporting a Rs 3,846-crore loss in 2014-15. Tata Teleservices’ revenues increased marginally to Rs 10,944 crore from Rs 10,452 crore in 2013-14, when the Tata group pumped in Rs 2,500 crore through compulsorily convertible preference shares. In 2013-14, the company made a record loss of Rs 6,166 crore, with its net worth completely eroded. 

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Stock News Today: Maruti Suzuki gain after Fourth Quarter Report

Stock in News

Maruti Suzuki fourth quarter profit after tax is seen rising a whopping 43% year-on-year to Rs 1,145 crore compared to Rs 800 crore in the year-ago period led by operating performance, according to a CNBC-TV18 poll. Revenue is likely to increase 10.3 percent to Rs 13,350 crore in the quarter ended March 2015 from Rs 12,101.4 crore in the same quarter last fiscal. Overall, it is expected to be a good quarter for Maruti as volume growth was decent at 7 percent Y-o-Y. The company sold 3.46 lakh units in Q4 against 3.25 lakh units sold in the same quarter last fiscal on account of improving consumer sentiment, new launches and return of the first time buyer.

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