The US markets have opened in the positive zone. The Dow is currently at 10751.43, up 18.82 points from the previous close. Adding 1.5 points, the Nasdaq is at 2390.50.
SELLTata Teleservices (Maharashtra) Ltd (TTML) at Rs 27 , says Rajesh Jain, Research Head, SMC Global Securities. The stock closed at Rs 24.65, up 4.7% on the BSE.
HOLDIdea Cellular Ltd with a target of Rs 72-73 as the upmove is likely to continue, says Rajesh Jain, Research Head, SMC Global Securities. The stock closed at Rs 67.35, up 4.7% on the BSE.
SELLTata Teleservices (Maharashtra) Ltd (TTML), says Rajesh Agarwal, Director Research, CD Equisearch. The stock closed at Rs 24.65, up 4.7% on the BSE.
SELLTata Teleservices (Maharashtra) Ltd (TTML), says Ashit Suri JV Capital Services. The stock closed at Rs % on the BSE. The stock closed at Rs 24.65, up 4.7% on the BSE.
HOLDKirloskar Ferrous Industries Ltd with a stop loss of Rs 30, says Varun Daga, Technical Analyst. The stock closed at Rs 32.25, down 0.1% on the BSE.
The market has closed in the positive terrain. The Sensex ended at 17519.26, up 0.2% from the previous close. The Nifty added 0.3% to end at 5245.90. Both the BSE Midcap and Smallcap indices were up 0.4% and 0.1% respectively. BSE Bankex (up 0.6%) was the top gainer among others.
BUYS.Kumars Nationwide Ltd for a target price of Rs 56 with a short-term horizon, says Hitesh Sheth, Head of Technical Research, Prabhudas Lilladher. Keep a stop-loss at Rs 47, he adds. He further says that it has a long-term target of Rs 64. The stock closed at Rs 54.15, up 12.2% on the BSE.
The markets have closed in the positive terrain. The Sensex has closed at 17534.54, up 44.46 (provisional) points from its previous close. The Nifty has closed at 5250.90 levels, higher by 19 points (provisional).
The Oil & gas sector is likely to remain tepid, say dealers. Reliance Industries Ltd (RIL) is likely to fall to Rs 1050, they add. The BSE Oil & gas index is currently down 0.1% from its previous close.
The Nifty has support at 5180 levels, say dealers. Meanwhile, it will face some resistance around 5280 levels, they add. The 50-stock index is currently at 5232.10, up 0.35 points from its previous close.
The overall view on the markets is positive, say dealers. The Nifty is likely to move above 5180, they add. The 50-stock index is currently at 5229.85, down 2.10 points from its previous close.
HOLDBajaj Electricals Ltd for a target price of Rs 225, says Hitesh Sheth, Head of Technical Research, Prabhudas Lilladher. Keep a stop-loss at Rs 200, he adds. The stock is currently trading at Rs 213, up 3.7% on the BSE.
HOLDBajaj Electricals Ltd as it is showing bullish pattern, says Ram Mohan Gupta, President & Co Founder, Unicon. One can also buy on any correction, he adds. The stock is currently trading at Rs 212.65, up 3.5% on the BSE.
HOLDBajaj Electricals Ltd as it still has upside left, says Sunil Jain, Nirmal Bang. One can also buy on declines, he adds. The stock is currently trading at Rs 212.25, up 3.3% on the BSE.
HOLDPiramal Life Sciences Ltd for a target price 125-126, says Hitesh Sheth, Head of Technical Research, Prabhudas Lilladher. Keep a stop-loss at Rs 90, he adds. The stock is currently trading at Rs 109.80, up 13.5% on the BSE.
HOLDPiramal Life Sciences Ltd as it can see a further upmove, says Sunil Jain, Nirmal Bang. One can also buy around Rs 400, he adds. The stock is currently trading at Rs 109.75, up.13.50% on the BSE.
HOLDTata Teleservices (Maharashtra) Ltd (TTML) for a target price of Rs 32-33, says Hitesh Sheth, Head of Technical Research, Prabhudas Lilladher. The stock is currently trading at Rs 24.70, up 4.9% on the BSE.
HOLDTata Teleservices (Maharashtra) Ltd (TTML) at it still has some steam left, says Ram Mohan Gupta, President & Co Founder, Unicon. The stock is currently trading at Rs 24.70, up 4.9% on the BSE.
SELLTata Teleservices (Maharashtra) Ltd (TTML) as the valuations are rich at current levels, says Sunil Jain, Nirmal Bang. The stock is currently trading at Rs 24.70, up 4.9% on the BSE.
BUYNMDC Ltd for a target price of Rs 370-377, says Rajat Bose, Technical Analyst. Keep a stop-loss at Rs 352, he adds. The stock is currently trading at Rs 363.20, down 0.03% on the BSE.
BUYDredging Corporation of India Ltd for a target price of Rs 648-657, says Rajat Bose, Technical Analyst. Keep a stop-loss at Rs 628, he adds. The stock is currently trading at Rs 642.80, up 0.6% on the BSE.
BUYHMT Ltd for a target price of Rs 88, says Rajat Bose, Technical Analyst. Keep a stop-loss at Rs 75, he adds. The stock is currently trading at Rs 83.40, up 2% on the BSE.
The markets continue to trade weak. The Sensex has tumbled 22.80 points from its previous close to 17467.28. The Nifty has slipped 27.72 points to 5228.05 levels. Meanwhile, the BSE Midcap and the BSE Smallcap indices are currently up 0.4% each. Realty, Consumer durables and banking stocks are attracting marginal buying interest; whereas capital goods, auto and FMCG stocks are witnessing selling pressure.
BUYIdea Cellular Ltd for a target price of Rs 67, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking. Keep a stop-loss at Rs 62, he adds. The stock is currently trading at Rs 66.45, up 3.3% on the BSE.
HOLDJaiprakash Associates Ltd for a target price of Rs 980, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking. The stock is currently trading at Rs 151.30, up 1.9% in the BSE.
BUYTata Steel Ltd for a target price of Rs 680 with a short-term horizon, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking. The stock is currently trading at Rs 635.05, up 0.3% on the BSE.
BUYAxis Bank Ltd and HDFC Bank Ltd in the banking sector, says Rajat Bose, Technical Analyst. They are showing bullish pattern on the technical charts, he adds. The BSe Bankex is currently up 0.3% from its previous close.
The Wholesale Price Index (WPI) for Primary Articles has surged 14.16% for the week ended March 6. During the week, Food Price index climbed 16.30% and Fuel & Power index jumped 12.68%.
BUYHindustan Copper Ltdaround Rs 500-512 for a target price of Rs 550-556, says Rajat Bose, Technical Analyst. The stock is currently trading at Rs 554.70, up 4.4% on the BSE.
After witnessing a positive run-up in the morning trades, the markets are heading downwards. The Sensex is currently at 17,464.43, down 25.65 points. The Nifty is currently at 5227.10, down 4.8 points. The BSE Midcap and the BSE Smallcap indices have gained 0.3% each. Among the sectoral indices, the BSE Realty (up 0.9%) is the biggest gainer, whereas BSE Auto (down 0.5%) is the biggest loser.
BUYCipla Ltd for a target price of Rs 337 with a short-term horizon, says Rajat Bose, Technical Analyst. Keep a stop-loss at Rs 326, he adds. He further says that it has a medium-term target of Rs 342. The stock is currently trading at Rs 331.30, down 0.2% on the BSE.
BUYState Trading Corporation of India Ltd for a target price of Rs 513, says Rajat Bose, Technical Analyst. Keep a stop loss of Rs 478, he adds. The stock is currently trading at Rs 503.5, up 2.5% on the BSE.
SELLTransport Corporation of India Ltd for a target price of Rs 95-100, says Rajat Bose, Technical Analyst. Keep a stop loss of Rs 112, he adds. The stock is currently trading at Rs 106.2, down 0.6% on the BSE.
BUYNational Fertilizer Ltd for a target price of Rs 114-116.50, says Rajat Bose, Technical Analyst. The stock is currently trading at Rs 112.20, up 2.2% on the BSE.
SELLArchies Ltd for a target price of Rs 95, says Rajat Bose, Technical Analyst. Keep a stop loss of Rs 106, he adds. The stock is currently trading at Rs 96, down 4.4% on the BSE.
BUYNMDC Ltd for a target price of Rs 371, says Rajat Bose, Technical Analyst. Keep a stop loss of Rs 352, he adds. The stock is currently trading at Rs 369.7, up 1.8% on the BSE.
BUYTata Elxsi Ltd for a target price of Rs 318-331 says Rajat Bose, Technical Analyst. Keep a stop loss of Rs 296, he adds. Its stock is currently trading at Rs 312.40, up 2.2% on the BSE.
Tata Teleservices (Maharashtra) Ltd (TTML) has agreed to sell its tower business to Tata Quippo for Rs 1318 crores. The stock of TTML is currently trading at 24.60, up 4.4% on the BSE.
SELLHindustan Unilever Ltd for a target price of Rs 222, says Rajat Bose, Technical Analyst. Keep a stop loss of Rs 229, he adds. The stock is currently trading at Rs 225, up 0.5% on the BSE.
The markets are trading in the green mirroring marginal gains in consumer durables and realty stocks. The Sensex is currently at 17522.96, up 34.38 points from its previous close. The Nifty is currently at 5245.15, higher by 13.40 points. However, the BSE Midcap and the BSE Smallcap indices are currently up 0.5% and 0.6% respectively.
HOLDReliance Natural Resources Ltd (RNRL) for a target price of Rs 76-77, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking. It will face some resistance around Rs 67.50, he adds. The stock is currently trading at Rs 63.65, up 1% on the BSE.
BUYReliance Industries Ltd (RIL) around Rs 1040 for a target price of Rs 1140-1150, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking. Keep a stop-loss at Rs 960, he adds. The stock is currently trading at Rs 1071.50, up 0.5% on the BSE.
BUYHindalco Industries Ltd for a target price of Rs 181, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking. It will face some resistance around Rs 173-174, he adds. The stock is currently trading at Rs 174.60, up 0.6% on the BSE.
BUYBajaj Hindusthan Ltdaround Rs 140 as it can witness a sharp run-up, says Rajat Bose, Technical Analyst. Keep a stop-loss at Rs 133, he adds. The stock is currently trading at Rs 148.90, up 1.5% on the BSE.
BUYShree Renuka Sugars Ltdaround Rs 70-71, says Rajat Bose, Technical Analyst. Keep a stop-loss at Rs 69, he adds. The stock is currently trading at Rs 77.15, up 1.5% on the BSE.
United Bank of India has made a decent debut on the bourses today. It has got listed at Rs 77, a 16.66% premium over its initial public offer price of Rs 66 per share. It is currently trading at Rs 71.20 on the BSE.
The markets continue to trade in the positive terrain amidst early trades. The Sensex has strengthened 15.58 points from its previous close to 17,505.66. The Nifty has gained 6.01 points to 5237.65 levels. Meanwhile, the BSE Midcap and the BSE Smallcap indices are currently up 0.3% each. Healthcare, metal and IT stocks are attracting marginal buying interest; whereas realty, auto and power stocks are witnessing selling pressure.
BUY the Nifty on dips for a target of 5350-5370 levels, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking. Keep a stop-loss at 5080, he adds. He further says that it has support at 5100 levels. The 50-stock index is currently at 5233.50, up 4.35 points from its previous close.
The Nifty is poised to breach 5300 levels in the short-term, says Rajat Bose, Technical Analyst. The 50-stock index is currently at 5229.50, down 3.10 from its previous close.
BUYCipla Ltd for a target price of Rs 346, says JHP Research. Keep a stop loss of Rs 325, they add. The stock is currently trading at Rs 334.90, up 0.86% on the BSE.
The markets have opened in the positive terrain. The Sensex has opened at 17,492.81, up 22.12 points from its previous close. The Nifty has opened at 5231.90, higher by 13.1 points.
HSBC has put a 'neutral' rating on Hindustan Unilever Ltd (HUL) for a target price of Rs 240. The stock closed on Wednesday at Rs 223.80, down 1.3% on the BSE.
The Asian markets are trading in the mixed. The Nikkei Average is at 10832.31, down 14.67 points from its previous close. The Hang Seng is currently at 21384.49, up 0.1 points from its previous close. The Kospi has gained 2.02 points from its previous close to 1684.88. Adding 1.14 points, the Shanghai Composite is currently at 3051.76 levels.
The US market closed in the positive terrain. The Dow Jones advanced 47.69 points to close at 10733.67. Adding 11.08 points, the Nasdaq ended at 2389.09 levels. The S&P 500 closed shop at 1166.21, up 6.75 points.
McNally Bharat Engineering Company Ltd has bagged an order worth Rs 173.2 crore from Mahanadi Coalfields in Sambalpur, Orissa. The stock closed on Wednesday at Rs 274.65, down 1% on the BSE.