| NEW DELHI: The S&P BSE Sensex surged over 100 points in morning trade on Thursday, ahead of April series F&O expiry. At 10:00 a.m., the Nifty was trading 0.8 per cent higher at 5,884.85. It touched a high of 5889.60 and a low of 5853.85 in early trade today. The BSE Sensex was trading 0.6 per cent higher or 131 points at 19310.07. NTPC (2.4 per cent), DRL (2.3 per cent) and Tata Motors (2.9 per cent) led the gainers pack. Market sentiment is also cautious ahead of the central bank's annual policy on May 3, 2013 where it is widely expected to cut rates by at least 25 basis points. "The Nifty is now expected to continue its up move till 5860. In this period the key support will be at around 5795 and resistance will be at 5860," said Somil Mehta, Senior Tech Analyst (Equity) at Sharekhan. "The Nifty has completed a five-wave decline on the daily chart and is expected to bounce till the 20-weekly moving average (WMA), ie 5840," he added. Mehta is of the view that the short-term bias for the Nifty remains positive for a target of 5860 with reversal around 5630. The medium-term outlook remains negative with reversal around the 20-WMA, he noted. Here is a list of eighteen stocks which are in focus in Thursday morning trade: Jet Airways Ltd, after the airliner inked a deal to sell 24 per cent stake to Abu Dhabi-based Etihad Airways. At 10:10 am, Jet Airways was trading 13 per cent higher at Rs 649. The stock surged nearly 20 per cent in the opening trade and touched its 52-week high of Rs 688.60. Axis Bank Ltd, after the private sector bank reported 22 per cent rise in net profit to Rs.1,555 crore for the March 2013 quarter. At 10:10 am, the stock was trading 2.8 per cent higher at Rs 1478.90. HDFC Bank Ltd, after the private sector bank reported 30% year-on-year growth in net profit, in line with Street expectations, on the back of high loan growth, strong margins and stable asset quality. At 10:10 am, the stock was trading 0.5 per cent lower at Rs 685.95. Biocon Ltd will be in focus ahead of its quarterly results. The company is expected to report 4 per cent YoY growth in its net profit numbers for the fourth quarter of financial year 2013 to Rs 93.50 crore from Rs 97.80 crore reported in the year ago period, according to ET Now estimates. At 10:10 am, the stock was trading 0.12 per cent higher at Rs 286. Lupin, McNally and Anant Raj Industries will be in focus after ace investor Rakesh Jhunjhunwala hiked his exposure in all the three companies in the January-March quarter. At 10:10 am, Lupin was trading 0.3 per cent higher, McNally Bharat rose 9.7 per cent and Anant Raj Industries was trading 2.4 per cent higher at Rs 68.50. Titan, Geometric and A2Z Maintenance will be in focus after Rakesh Jhunjhunwala pared his exposure in all the three companies in January-March quarter. At 10:10 am, Titan Industries slipped 1.1 per cent, A2Z Maintenance dropped 0.2 per cent and Geometric was trading 0.3 per cent lower. Copyright © 2013 Times Internet Limited. All rights reserved.  via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNECUWdMmnlNUVTCq6TKctE4tgWrpA&url=http://economictimes.indiatimes.com/markets/stocks/stocks-in-news/sensex-gains-ahead-of-fo-expiry-top-eighteen-stocks-in-focus/articleshow/19721040.cms | |||
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