The market is riding high continusly on US Fed decision to continue buying bonds at the current rate of USD 85 billion a month. Nifty and sensex both looks in positive note.The sensex touched a high 481.34 points or 2.14% or 20354.73 while nifty up 155.30 points or 2.63% or 6054.75.
In banking sector,banking stocks have become favourite for investors because bank nifty up 6% from the previous close.Axis bank, bank of baroda, Hdfc bank, ICICI bank are top gainers while in technology sector stocks are under pressure on strong rupee, losing stocks are the mind tree, Mphasis, NIIt Tech.
Indian rupee appreciated by 139 paise to 61.69 dollar in early trade against previous closing of 63.38 while the dollar index slid 1.2% overnight.
NSE& BSE Best intraday calls
Buy maruti suzuki target 1475/1473/1470 stoploss 1360
Buy BHEL target 125/120 stoploss 136
sell Titan Industries limited target 210 stoploss 228
sell cairn india target 315/313 stoploss 324