Ranbaxy under selling pressure, nifty down, Monday stock market trading tips 07 April

.......................The Equity market opened positive bias on Monday, after changed market red sound sensex, nifty both negative trade in afternoon.

The Sensex is trade down 93.02 points or 0.42% at 22266.48, it was touch a high levels of 22481.62 and touch a low levels of 22262.79.

The nifty is trade falls 21.20 points or 0.32% at 6673.15, it touched a high of 6725.15 and low levels of 6666.25.

The large pharmaceutical drug making Ranbaxy rose as much as 9.8 per cent in morning trade on Monday but comes under selling pressure and the Sun pharmaceutical inds said the company will buy in a $3.2 billion, all share deal Ranbaxy creating the world’s fifth largest generic drug maker.

Sun pharma 1.50%, Wipro 0.77%, M&M 0.65%, Gail 0.50%, Tata motors 0.10%, ONGC 0.02%, HDFC bank 0.00% were top sensex gainers.

BHEL 3.02%, Cipla 2.14%, ICICI bank 2.06%, Hindlaco Inds 1.85%, Dr. Reddy’s 1.63%, Axis bank 1.27%, Tata power 1.26%, Maruti Suzuki 1.13% were top sensex losers.