Indian Equity Markets closed in the green for the fifth day in a row on Thursday is driven by gains in SBI, Yes Bank, Infosys, HDFC, and Tata Consultancy Services. For the most part of the day equity indices traded higher.
The S&P BSE Sensex added 77.18 points or 0.19%, settled at 40,129.05. Nifty 50 index climbed 33.40 points or 0.28%, closed at 11877.50. Nifty Bank surged 0.26% or 78.80 points, closed at 30066.30.
In Nifty 32 out of 50 stocks advanced, while 18 stocks declined. In Sensex 18 out of 30 stocks advanced, while 13 stocks declined. In NiftyBank 8 out of 12 stocks advanced, 4 stocks declined.
Zee Entertainment, SBI, Grasim Industries, Infosys, Bharti Infratel, Tata Motors GAIL India and UPL were among the gainers. On the flipside, Indian Oil, JSW Steel, Tata Steel, Axis Bank, Tech Mahindra, Mahindra & Mahindra, ICICI Bank and HDFC Bank were among the losers.
Markets experts are optimistic about the following stocks. They believe the following stock recommendations would give good returns.
ACC is a buy call with a target of Rs 1600 and a stop loss of Rs 1553
Lupin is a buy call with a target of Rs 765 and a stop loss of Rs 735
Manappuram Finance is a buy call with a target of Rs 175 and a stop loss of Rs 165
Just Dial is a sell call with a target of Rs 570 and a stop loss of Rs 597
CEAT Ltd is a buy call with a target of Rs 1,040 and a stop loss of Rs 985
Jubilant FoodWorks is a buy call with a target of Rs 1,640 and a stop loss of Rs 1,580
LIC Housing is a buy call with a target of Rs 425 and a stop loss of Rs 400
Grasim Industries is a buy call with a target of Rs 896 and a stop loss of Rs 775
Ujjivan Financial is a sell call with a target of Rs 260 and a stop loss of Rs 278
NALCO is a buy call with a target of Rs 48.5 and a stop loss of Rs 44
Disclaimer: The perspectives and investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/shares mentioned.