Invester Stock market for recommendation on today

THE FINENCIAL PROFIT EDGE HURRY UP

The fiscal worries of the NDA government, which is set to complete 100 days in office this week, have ebbed significantly on the back of bumper surplus transfer by the central bank as well as expectations of a big-bang share sale programme driven by the stock market rally and an increase in tax revenues aided by economic recovery. The finance ministry also expects increase in public provident fund limit and the launch of new savings instruments, like one for the girl child, to stir up small savings and help the government cut market borrowings in the second half. Firsthalf borrowings were cut by Rs 16,000 crore to Rs 3.52 lakh crore from the initially planned Rs 3.68 lakh crore. "Fiscal deficit target of 4.1% of GDP is very much doable," said a finance ministry official.

 

Nifty tips 

Sensex closes above 27,000

The milestone comes a day after the broader Nifty surpassed the 8,000 level for the first time.

Intraday Tips For Today:

'BUY' ONGC target of Rs 465 and a stop loss of Rs 436.

'BUY' Apollo Tyres Ltd target of Rs 196 and a stop loss of Rs 180.

'BUY' Century Textiles Ltd target of Rs 663 and a stop loss of Rs 615.50.

'BUY' Ambuja Cements Ltd target of Rs 226 and a stop loss of Rs 210.50.