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15:31 | Special types of credit cards are marketed to a specific category of people, including women and professionals like chartered accountants or doctors
The steady rise in the food price and fuel price index has continued to weigh in on sentiment, says Garima Kumar, ED, Lotus Knowlwealth. The first half of tomorrow's trade would not only await the outcome but also influence trade and a decisive trend could emerge only thereafter, she adds.
HOLDAxis Bank Ltd for a 2-3 month’s target of Rs 1250-1300 and a stop loss of Rs 1060, says Kiran Jadhav, Director, Precision Technical. The stock closed at Rs 1145.70, up 0.05% on the BSE.
Those already invested can continue to ride the momentum with a strict profit-booking strategy, says Garima Kumar, ED, Lotus Knowlwealth. Although fresh investments can be delayed till the market loses some steam, inclusion of the recent underperformers on the radar could prove rewarding, she adds.
The US markets have opened in the positive zone. The Dow is currently at 10714.67, up 31.22 points from the previous close. Adding 6.03 points, the Nasdaq is at 2384.04.
HOLDBharti Airtel Ltd for a target of Rs 340, says Kiran Jadhav, Director, Precision Technical. It has support at Rs 270, he adds. The stock closed at Rs 297.95, up 1.1% on the BSE.
HOLDBharati Shipyard Ltd for a long term target of Rs 350, says Madhumita Ghosh, Research Head, Unicon. The stock closed at Rs 261.50, down 0.1% on the BSE.
HOLDPraj Industries Ltd with a stop loss of Rs 77, says Kiran Jadhav, Director, Precision Technical. It has support at Rs 80 and resistance at Rs 110, he adds. The stock closed at Rs 87, up 1.2% on the BSE.
HOLDBerger Paints (India) Ltd, says Kiran Jadhav, Director, Precision Technical. It has resistance at Rs 65, he adds. The stock closed at Rs 56.55, down 2.4% on the BSE.
BUYICICI Bank Ltd with a target of Rs 965 and a stop loss of Rs 940, says Kiran Jadhav, Director, Precision Technical. The stock closed at Rs 949.10, up 1.9 % on the BSE.
BUYSun Pharmaceuticals Industries Ltd with a target of Rs 1730 and stop loss of Rs 1700, Kiran Jadhav, Director, Precision Technical. The stock closed at Rs 1694.60, up 1.6% on the BSE.
BUYReliance Industries Ltd (RIL) with a target of Rs 1105 and a stop loss of Rs 1045, says Hemen Kapadia, Technical Analyst. The stock closed at Rs 1066.55, down 0.02% on the BSE.
The market has closed in the positive zone. The Sensex ended at 17490.08, up 0.6% from the previous close. Adding 0.6%, the Nifty closed at 5231.90. The BSE Midcap index was up 0.2% while BSE Smallcap index was down 0.1%.
HOLDGlobal Vectra Helicorp Ltd for a target price of Rs 68, says Mileen Kamalakant Vasudeo, Technical Analyst, Angel Broking. Keep a stoploss at Rs 45, he suggests. The stock closed at Rs 53.50, up 0.9% on the BSE.
The market has closed higher. The Sensex ended at 17489.57, up 106.39 points (provisional) from the previous close. The Nifty added 35.10 points to end at 5233.20 (provisional) levels.
SELLGlobal Vectra Helicorp Ltd as the company is in a huge debt, says Sunil Jain, Nirmal Bang. The stock is currently trading at Rs 53.65, up 1.2% on the BSE.
BUYInsecticides India Ltd for a target of Rs 120, says Prakash Gaba, Technical Analyst. The stock is currently trading at Rs 102.50, down over 4% on the BSE.
Reliance Industries Ltd (RIL) is likely to witness some profit booking in the last half an hour of trade, say dealers. This may lead the stock to Rs 1050, they add. It is currently trading at Rs 1068.15, up 0.1% on the BSE.
The markets will witness small correction before further upmove, say dealers. The Nifty has support at 5170 levels, they add. They further say that the 50-stock index will face first resistance at 5230 and second at 5300 levels.
The overall view on the market is positive, say dealers. The Nifty is likely to touch 5300 levels in the near-term, they add. The 50-stock index is currently at 5234.75, up 37.05 points from its previous close.
The markets continue to trade in the positive territory buoyed by gains in PSU, metal and healthcare stocks. The Sensex is currently at 17513.95, higher by 130.77 points from its previous close. The Nifty is currently at 5238.80, up 40.60 points from its previous close. Meanwhile, the BSE Midcap and the BSE Smallcap indices are up 0.3% and 0.2% respectively.
BUYTata Steel Ltd and Steel Authority of India Ltd (SAIL) in the metal space, says Sajiv Dhawan, JV Capital Services. The BSE Metal index is currently up 1.4% from its previous close.
BUYReliance Industries Ltd (RIL) for a target price of Rs 1200, says Sajiv Dhawan, JV Capital Services . The stock is currently trading at Rs 1069.85, up 0.3% on the BSE.
BUYPantaloon Retail (India) Ltdaround Rs 370-375 for a target price of Rs 415, says Hemant Thukral, Head of Derivatives, Asian Markets Securities. The stock is currently trading at Rs 388, flat on the BSE.
BUYEducomp Solutions Ltd for a target price of Rs 820, says Hemant Thukral, Head of Derivatives, Asian Markets Securities. The stock is currently trading at Rs 768.95, down 0.9% on the BSE.
BUYAxis Bank Ltd and Allahabad Bank in the banking space, says Hemant Thukral, Head of Derivatives, Asian Markets Securities. The BSE Bankex is currently up 1.1% from its previous close.
HOLDACC Ltd for a target price of Rs 1000, says Hemant Thukral, Head of Derivatives, Asian Markets Securities. The stock is currently trading at Rs 979, up 0.9% on the BSE.
HOLDLarsen & Toubro Ltd for a target price of Rs 1730-1750 with the long-term horizon, says Hemant Thukral, Head of Derivatives, Asian Markets Securities. The stock is currently trading at Rs 1628, up 1.9% from its previous close.
HOLDSterlite Industries (India) Ltd for the target price of Rs 845-855, says Hemant Thukral, Head of Derivatives, Asian Market Securities. The stock is currently trading at Rs 836, up 0.6% on the BSE.
HOLDHindalco Industries Ltd for a target price of Rs 175-185, says Hemant Thukral, Head of Derivatives, Asian Market Securities. The stock is currently trading at Rs 172.20, up 1.5% on the BSE.
HOLDCairn India Ltd for a target price of Rs 306, says Hemant Thukral, Head of Derivatives, Asian Markets Securities. The stock is currently trading at Rs 280.05, down 0.2% on the BSE.
BUYGVK Power & Infrastructure Ltdaround Rs 41 for a short term target of Rs 46-47, says Hemant Thukral, Head of Derivatives, Asian Markets Securities. The stock is currently trading at Rs 43.90, up 3% on the BSE.
The markets are trading strong mirroring gains in healthcare, metal and capital goods stocks. The Sensex is currently at 17536.36, up 153.18 points from its previous close. The Nifty is currently at 5251.71 levels, higher by 52.90 points. Meanwhile, the BSE Midcap and the BSE Smallcap indices are currently up 0.5% each.
HOLDReliance Industries Ltd (RIL) for a target price of Rs 1105-1120, says Hemant Thukral, Head of Derivatives, Asian Markets Securities. Maintain a strict stop-loss at Rs 1040, he adds. The stock is currently trading at Rs 1071.70, up 0.6% on the BSE.
HOLDThermax Ltd for a target price of Rs 720, says Prakash Gaba, Technical Analyst. It has strong support at Rs 670, he adds. The stock is currently trading at Rs 689.50, up 1.9% on the BSE.
HOLDSunpharma for a target price of Rs 1700, says Prakash Gaba, Technical Analyst. It has strong support at Rs 1650, he adds. The stock is currently trading at Rs 1696, up 1.7% on the BSE.
HOLDLanco Infratech Ltd for a target price of Rs 60, says Prakash Gaba, Technical Analyst. It has strong support at Rs 50-52, he adds. The stock is currently trading at Rs 54.25, down 0.5% on the BSE.
BUYReliance Natural Resources Ltd (RNRL) around Rs 60-62 for a target price of Rs 70-75, says Prakash Gaba, Technical Analyst. The stock is currently trading at Rs 64.20, up 0.5% on the BSE.
HOLDShree Renuka Sugars Ltd for a target price of Rs 84-85, says Prakash Gaba, Technical Analyst. The stock is currently trading at Rs 77.40, down 1.8% on the BSE.
HOLDAshok Leyland Ltd for a target price of Rs 55, says Prakash Gaba, Technical Analyst. The stock is currently trading at Rs 53.30, up 0.3% on the BSE.
The key benchmark indices are trading in the positive terrain. The Sensex is currently 17538.98, up 95 points from its previous close. The Nifty is currently at 5250.40 levels, higher by 52.60 points.
HOLDTata Steel Ltd for a target price of Rs 640, says Prakash Gaba, Technical Analyst. It has strong support at Rs 610, he adds. The stock is currently trading at Rs 638.50, up 1.8% on the BSE.
HOLDSteel Authority of India Ltd (SAIL) for a target price of Rs 243, says Prakash Gaba, Technical Analyst. The stock is currently trading at Rs 242, up 2.4% on the BSE.
BUYSuzlon Energy Ltd for a target price of Rs 85, says Abhinay Jain, Derivatives Analyst, Sharekhan. The stock is currently trading at Rs 76.30, up 1.4% on the BSE.
BUYMahindra & Mahindra Ltd as it can witness a 4-5% rally in the short-term, says Abhinay Jain, Derivatives Analyst, Sharekhan. It has strong support at Rs 1210, he adds. The stock is currently trading at Rs 1135.50, up 0.1% on the BSE.
The markets are trading in the positive terrain buoyed by gains in metal, PSU and realty stocks. The Sensex is currently at 17529.40, higher by 148.22 points from its previous close. The Nifty is currently at 5246.50, up 47.85 points from its previous close. Meanwhile, the BSE Midcap and the BSE Smallcap indices are up 0.9% each.
HOLDLarsen & Toubro Ltd for a target price of Rs 1650-1670, Prakash Gaba, Technical Analyst. The stock is currently trading at Rs 1614.60, up 1% on the BSE.
HOLDApollo Tyres Ltd for a target price of Rs 75, says Prakash Gaba, Technical Analyst. It has strong support at Rs 65, he adds. The stock is currently trading at Rs 70.25, up 0.2% on the BSE.
HOLDIdea Cellular Ltd for a target price of Rs 67-68, says Abhinay Jain, Derivatives Analyst, Sharekhan. The stock is currently trading at Rs 64.20, up 2.9% on the BSE.
BUYTata Motors Ltd as it can see a 4-5% upside in few trading sessions, says Abhinay Jain, Derivatives Analyst, Sharekhan. It has strong support at Rs 725, he adds. The stock is currently trading at Rs 781.65, down 0.6% on the BSE.
HOLDCairn India Ltd for a target price of Rs 290, says Prakash Gaba, Technical Analyst. It has strong support at Rs 275, he adds. The stock is currently trading at Rs 284.35, up 1.2% on the BSE.
HOLDBharat Petroleum Corporation Ltd (BPCL) for a target price of Rs 560, says Prakash Gaba, Technical Analyst. It has strong support at Rs 525, he adds. The stock is currently trading at Rs 544.40, down 0.2% on the BSE.
HOLDReliance Industries Ltd (RIL) for a target price of Rs 1090, says Prakash Gaba, Technical Analyst. The stock is currently trading at Rs 1076.10, up 0.3% on the BSE.
The Nifty can touch 5280-5290 levels in the near-term, says Hemant Thukral, Head of Derivatives, Asian Markets Securities. It is currently at 5236.45, up 39.20 points from its previous close.
After a gap-up opening, the markets are trading firm amidst early trades. The Sensex has added 96.19 points from its previous close to 17483.53. Gaining 33.21, the Nifty is currently at 5230.90 levels. Meanwhile, the BSE Midcap and the BSE Smallcap indices have advanced 0.7% each. All the broader sectoral indices are in the positive, BSE Realty (up 1%) is the top gainer among others.
Diawa Securities has put an ‘underperform’ rating on Bharat Petroleum Corporation Ltd (BPCL) for a target price of Rs 460. The stock is currently trading at Rs 541.70, down 0.7% on the BSE.
The Nifty is likely to remain in an uptrend, says Prakash Gaba, Technical Analyst. It has a target of 5275, he adds. The 50-stock index is currently at 5228.10, up 30 points from its previous close.
The markets have opened in the positive terrain. The Sensex is currently at 17498.44, up 115.26 points from its previous close. The Nifty is currently at 5231.85, up 32.45 points.
SELLHindustan Petroleum Corporation Ltd (HPCL) for a target price of Rs 255, says Diawa Securities. The stock closed on Tuesday at Rs 334.25, up 2.1% on the BSE.
The Asian markets are trading in the green. The Nikkei Average is at 10795.78, up 74.07 points from its previous close. The Hang Seng has strengthened 170.92 points to 21196.58 levels. Gaining 19.28 points, the Shanghai Composite is currently at 3012.12 levels. The Kospi is at 1662.72, higher by 13.71 points.
The US market closed in the positive terrain. The Dow Jones advanced 43.83 points to close shop at 10685.98. Adding 15.80 points, the Nasdaq ended at 2378.01levels. The S&P 500 closed at 1159.46, higher by 8.95 points from its previous close.
Diawa Securities has put an 'outperform' rating on Indian Oil Corporation Ltd (IOC) for a target price of Rs 275. The stock closed on Tuesday at Rs 302.50, up 1.7% on the BSE.
Bloomberg UTV Outlook: Markets may surge higher for the second consecutive day on the back of positive global cues. Metal stocks are expected to remain in focus today.