The US market has opened in the positive terrain. The Dow Jones has edged up 0.46 points from its previous close to 10564.76. Adding 2.71 points, the Nasdaq is currently at 2342.70 levels. The S&P 500 is currently at 1141.05 up 0.71 points.
Since the global markets lack direction, Indian markets may await the outcome of IIP numbers during the end of the week and thereafter announcement of advance tax numbers for a clear trend, says Garima Kumar, ED, Lotus Knowlwealth. The headline inflation number which is to be announced tomorrow will also have its impact, albeit for a short time, she adds.
SELLThermax Ltd as it has witnessed a significant rally, says Sunil Jain, Nirmal Bang. One can also buy around Rs 600-625, he adds. The stock closed at Rs 672.85, up 2.7% on the BSE.
HOLDShree Renuka Sugars Ltd and Bajaj Hindusthan Ltd in the sugar sector with the long-term horizon, says Hemen Kapadia, Technical Analyst. The stock of Shree Renuka closed at Rs 172.75, down 5.3%; meanwhile Bajaj Hindusthan closed at Rs 151.55, down 6.4% on the BSE.
HOLDIRB Infrastructure Developers Ltd for a target price of Rs 340-360, says Kiran Jadhav, Precision Technical. Keep a stop-loss at Rs 238, he adds. The stock closed at Rs 258.05, up 0.4% on the BSE.
BUYIRB Infrastructure Developers Ltd and IVRCL Infrastructures & Projects Ltd in the infrastructure sector, says Gaurang Shah, Geojit BNP Paribas Financial Services. The stock of IRB Infra closed at Rs 258.05, up 0.4%; meanwhile IVRCL Infra closed at Rs 326.20, down 1.1% on the BSE.
BUYSuzlon Energy Ltd for a target price of Rs 120-130, says Gaurang Shah, Geojit BNP Paribas Financial Services. The stock closed at Rs 77.25, up 0.3% on the BSE.
HOLDSuzlon Energy Ltd for a target price of Rs 96-100, says Kiran Jadhav, Precision Technical. Keep a stop-loss at Rs 66, he adds. The stock closed at Rs 77.25, up 0.3% on the BSE.
HOLDGujarat NRE Coke Ltd for a target price of Rs 120-130, says Kiran Jadhav, Precision Technical. Keep a stop-loss at Rs 68, he adds. The stock closed at Rs 80.45, down 2.8% on the BSE.
HOLDThermax Ltd for a target price of Rs 900, says Kiran Jadhav, Precision Technical. Keep a stop-loss at Rs 680, he adds. The stock closed at Rs 672.85, up 2.7% on the BSE.
HOLDReliance Industries Ltd (RIL) for a target price of Rs 1180, says Kiran Jadhav, Precision Technical. Keep a stop-loss at Rs 900, he adds. The stock closed at Rs 1008.05, up 1.8% on the BSE.
BUYReliance Industries Ltd (RIL) around Rs 970-980 as it can witness a 25-30% rally in 12 months, says Gaurang Shah, Geojit BNP Paribas Financial Services. The stock closed at Rs 1008.05, up 1.8% on the BSE.
BUYChettinad Cement Corporation Ltd, Kesoram Industries Ltd and Shree Cement Ltd in the cement space, says Gaurang Shah, Geojit BNP Paribas Financial Services. Since, the government is planning to build 10 km of road everyday, an increase in demand of cement is on the cards in FY10-11, he explains.
BUYThermax Ltd on declines, says Gaurang Shah, Geojit BNP Paribas Financial Services. The company has a monopoly status in water treatment and air pollution equipments business, he explains. He further says it can give decent returns on investment in the long-term. The stock closed at Rs 672.85, up 2.7% on the BSE.
HOLDHero Honda Motors Ltd for a target price of Rs 2000, says Hemen Kapadia, Technical Analyst. It is the best pick among the auto stocks, he adds. The stock closed at Rs 1929.90, up 2.9% on the BSE.
The Nifty is expected to correct in the short-term as it has already witnessed a good run-up from 4350 levels, says Hemen Kapadia, Technical Analyst. It is likely to face some resistance around 5050-5005 levels, he adds.
Meanwhile, the BSE Midcap and the BSE Smallcap indices edged lower by 0.1% and 0.2% respectively. Among the sectoral indices, the BSE Oil & gas index (up 0.9%) was the biggest gainer; whereas the BSE IT index (down 0.4%) was the biggest loser in today's trade.
The market has closed on a positive note mirroring marginal gains in oil & gas, FMCG and realty stocks. The Sensex closed at 17098.33, higher by 45.79 points from its previous close. The Nifty ended at 5116.25 levels, up 14.75 points.
BUYZylog Systems Ltd with a target of Rs 410-420, says Rajesh Satpute, Research Head, Mangal Keshav Securities. The stock closed at Rs 408.40, up 14.3% on the BSE.
SELLRaj Television Network Ltd with a target of Rs 65, says Rajesh Satpute, Research Head, Mangal Keshav Securities. The stock closed at Rs 68.50, down 7.2% on the BSE.
The market has closed on a flat note. The Sensex ended at 17092.16, up 0.2% (provisional) from the previous close. Adding 0.3%, the Nifty closed at 5115.95 (provisional).
The Sensex is currently at 17088.92, up 0.2% from the previous close. The Nifty also has added 0.2% and is at 5112.50. However both the BSE Midcap and BSE Smallcap indices are down 0.05% and 0.1% respectively.
Realty and metal stocks are likely to see some profit booking, say dealers. BSE Realty index is currently up 0.1% while BSE Metal index is down 0.04% from the previous close.
The Sensex is currently at 17075.24, up 0.1% from the previous close. Adding 0.1%, the Nifty is 5107.65. However both the BSE Midcap and Smallcap indices are down 0.3% and 0.2% respectively.
BUYCox & Kings (India) Ltd, says Rajesh Satpute, Research Head, Mangal Keshav Securities. The stock is currently trading at Rs 472, up 3.7% on the BSE.
Tata Motors Ltd has resistance at Rs 800, says Rajesh Satpute, Research Head, Mangal Keshav Securities. The stock is currently trading at Rs 782.30, up 1.5% on the BSE.
The Sensex is currently at Rs 17087.07, up 0.2% from the previous close. The Nifty added 0.1% and is at 5105.65. Both the BSE Midcap and Smallcap indices are up 0.1% and 0.2% respectively. BSE Oil and Gas index (up 1.2%) is the top gainer while BSE Metal index (down 0.7%) is the biggest loser among others.
BUYSteel Authority of India Ltd (Sail), says Hemant Thukral, Asian Markets Securities. The stock is currently trading at Rs 234.60, up 0.5% on the BSE.
SELLBharti Airtel Ltd and BUYIdea Cellular Ltd, says Hemant Thukral, Asian Markets Securities. Airtel is currently trading at Rs 288.80, down 0.9% while Idea is at Rs 61.85, up 0.2% on the BSE.
SELLReliance Industries Ltd (RIL) with a target of Rs 960 and a stop loss of Rs 1040, says Hemant Thukral, Asian Markets Securities. The stock is currently trading at Rs 1017, up 2.7% on the BSE.
BUYZicom Electronic Security Systems Ltd on dips with a target of Rs 118 and a stop loss of Rs 106, says Rajat Bose, Technical Analyst. The stock is currently trading at Rs 113.25, up 0.7% on the BSE.
BUYEveready Industries India Ltd with a target of Rs 69-71 and a stop loss of Rs 63, says Rajat Bose, Technical Analyst. The stock is currently trading at Rs 67.25, up 2.3% on the BSE.
BUYRural Electrification Corporation Ltd (REC) with a target of Rs 242, says Rajat Bose, Technical Analyst. The stock is currently trading at Rs 237, up 0.2% on the BSE.
The market is surging ahead. The Sensex is currently at 17171.74, up 0.7% from the previous close. The Nifty is at 5133.80, up 0.6%. Both the BSE Midcap and Smallcap indices are up 0.6% and 0.8% respectively.
SELLKale Consultants Ltd on rally with a target of Rs 89-92 and a stop loss of Rs 100.20, says Rajat Bose, Technical Analyst. The stock is currently trading at Rs 95.75, up 3.9% on the BSE.
SELLGujarat NRE Coke Ltd with a target of Rs 79 and a stop loss of Rs 87, says Rajat Bose, Technical Analyst. The stock is currently trading at Rs 83.35, up 0.7% on the BSE.
SELLEscorts Ltd on rally with a stop loss of Rs 161, says Rajat Bose, Technical Analyst. The stock is currently trading at Rs 155.10, down 1.3% on the BSE.
The Sensex is currently at 17153.94, up 0.6% from the previous close. The Nifty also jumped 0.6% and is at 5130.50. Both the BSE Midcap and Smallcap indices are up 0.7% each. BSE Auto index (up 1.2%) is the top gainer among others.
SELLRaj Television Network Ltd with a stop loss of Rs 77.20, says Rajat Bose, Technical Analyst. The stock is currently trading at Rs 70.05, down 5.1% on the BSE.
SELLGVK Power & Infrastructure Ltd with a target of Rs 40.50 and a stop loss of Rs 45, says Rajat Bose, Technical Analyst. The stock is currently trading at Rs 44.35, up 1.5% on the BSE.
BUYBank of Rajasthan Ltd with a target of Rs 65-67 and a stop loss of Rs 58, says Rajat Bose, Technical Analyst. The stock is currently trading at Rs 61.20, down 1.8% on the BSE.
SELLHousing Development & Infrastructure Ltd (HDIL) with a target of Rs 293 and a stop loss of Rs 394, says Rajat Bose, Technical Analyst. The stock is currently trading at Rs 311.95, up 1% on the BSE.
The market has managed to go in the positive zone. The Sensex is currently at 17075.30, up 0.1% from the previous close. The Nifty added a marginal 0.1% and is at 5106.35. Both the BSE Midcap and Smallcap indices are up 0.3% and 0.2% respectively. BSE Consumer Durables index (up 0.7%) is the top gainer while BSE IT index (down 0.3%) is the biggest loser among others.
BUYEssar Oil Ltd with a target of Rs 150 and a stop loss of Rs 136, says Geojit BNP Paribas. The stock closed on Tuesday at Rs 145.45, down 2.4% on the BSE.
BUYMaruti Suzuki India Ltd with a target of Rs 1532 and a stop loss of Rs 1470, says Geojit BNP Paribas. The stock closed on Tuesday at Rs 1499.90, up 1.5 % on the BSE.
Bloomberg UTV Outlook: Markets may see subdued opening for the third day.
Oil marketing companies (OMCs) and telecom stocks are likely to remain in focus today.
Stocks to watch out today are NMDC Ltd and Texmo Pipes.
The Asian markets are trading flat for the third consecutive day. Nikkei has edged lower on auto stocks. Kospi has inched down on electronic counters. Taiwan has clocked gains on chip linked stocks.