Tracking the momentum, the 50-share Nifty index also managed to rally over 90 points, supported by gains in capital goods, FMCG, pharma and realty stocks.
Markets @ noon
Sensex up 240 points at 27,698. Nifty at 8,405, up 64.30 points.
- RIL hits an intra-day low of Rs 173.20, lowest since March 2014; down 1.3%
- China stocks jump 2% to near 7-yr highs; Beijing unveils details of modern Silk Road to improve links from Asia to Europe and Africa
- Transformers & Rectifiers (TRIL) wins order worth Rs 440 crore; stock zooms 17.08%
- Pipeline for new fundraising not too strong, says #Sebi chairman
@ 11:30
Sensex up 280 points up, at 27,738; Nifty 69.35 points, at 8,410 - India Cements gets HC nod to merge subsidiaries; stock rallies over 6%
- Airtel up 3.77%, top Sensex gainer; CLSA maintains 'High Conviction Buy'
- EID Parry sells stake in Alagawadi Bireshwar Sugars; stock surges over 6%
- Pennar Industries' unit Pennar Engineered files DRHP; stock gains over 8%
- Rupee hits day's low of 62.59 against US dollar
@ 9:20
The 30-share index was at 27663.62, up 205 points or 0.75 per cent. It touched a high of 27,690.87 and a low of 27,635.94 in trade today.
The Nifty was at 8401 up 59 point or 0.71 per cent. It touched a high of 8405.05 and a low of 8390.25 in trade today.
The S&P BSE Midcap Index was up 1.02 per cent and BSE S&P Smallcap Index edged higher by 1.43 per cent.
HDFC (up 1.9 per cent), M&M (up 1.6 per cent), Bharti Airtel (up 1.63 per cent), ITC (up 1.4 per cent) and SBI (up 1.2 per cent) were among the major Sensex gainers.
Tata Power (down 0.93 per cent), Dr Reddy's Laboratories (down 0.89 per cent), Hindalco Industries (down 0.52 per cent), Bajaj Auto (down 0.35 per cent) and Maruti Suzuki (down 0.30 per cent) were the major index losers.
ET Now spoke to various experts and here's what they have to recommend for today's trade:
Ashwani Gujral of ashwanigujral.com
BPCL is a 'BUY' call with a target of Rs 795 and a stop loss of Rs 760
Infinite Computer Solutions Ltd is a 'BUY' call with a target of Rs 246 and a stop loss of Rs 230
Apollo Hospitals Ltd is a 'BUY' call with a target of Rs 1440 and a stop loss of Rs 1360
SPARC is a 'BUY' call with a target of Rs 500 and a stop loss of Rs 475
Mitesh Thacker of miteshthacker.com
IOC is a 'BUY' call with a target of Rs 366 and a stop loss of Rs 347
Godrej Industries Ltd is a 'BUY' call with a target of Rs 365 and a stop loss of Rs 343
Siemens Ltd is a 'BUY' call with a target of Rs 1455 and a stop loss of Rs 1377
Century Textiles Ltd is a 'BUY' call with a target of Rs 660 and a stop loss of Rs 612
MindTree Ltd is a 'SELL' call with a target of Rs 1275 and a stop loss of Rs 1351
Prakash Gaba, CFT, prakashgaba.com
Adani Power Ltd is a 'BUY' call with a target of Rs 48 and a stop loss of Rs 46
Ashok Leyland Ltd is a 'BUY' call with a target of Rs 76 and a stop loss of Rs 71
Gabriel India Ltd is a 'BUY' call with a target of Rs 90 and a stop loss of Rs 79
Sandeep Wagle, Founder & CEO, Power My Wealth
HPCL is a 'BUY' call with a target of Rs 653 and a stop loss of Rs 624
Motherson Sumi Ltd is a 'BUY' call with a target of Rs 508.50 and a stop loss of Rs 479
Tech Mahindra Ltd is a 'SELL' call with a target of Rs 610 and a stop loss of Rs 640
Shrikant Chouhan, Senior VP- Technical Research, Kotak Securities
IDFC Ltd is a 'BUY' call with a target of Rs 175 and a stop loss of Rs 165
Cipla Ltd is a 'BUY' call with a target of Rs 725 and a stop loss of Rs 690
JustDial Ltd is a 'BUY' call with a target of Rs 1400 and a stop loss of Rs 1280
Kunal Bothra, Head Advisory, LKP
Tata Elxsi Ltd is a 'BUY' call with a target of Rs 1225 and a stop loss of Rs 1150
Century Textiles Ltd is a 'BUY' call with a target of Rs 660 and a stop loss of Rs 595
(Views and recommendations expressed in this section are the analysts' own and do not represent those of EconomicTimes.com. Please consult your financial advisor before taking any position in the stocks mentioned.)
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