The market has opened on a positive note. The Sensex is up 104.82 points at 21844.91, and the Nifty is up 31.05 points at 6514.15. About 481 shares have advanced, 100 shares declined, and 16 shares are unchanged. Axis Bank falls over 2 percent on the stake sale, while Sun Pharma, Cipla and ITC are top losers in the Sensex. Among the gainers are BHEL, Bharti, GAIL, ONGC and Wipro. The Indian rupee appreciated by 14 paise to 61.20 per dollar in early trade as against previous day’s closing value of 61.34 a dollar.
ACC Ltd sell target 1246 and a stop loss 1275.
M&M Finance Ltd sell target of Rs 246 and a stop loss 265.
United Spirits Ltd buy target of Rs 2715 and a stop loss 2590.
GAIL 0.20 % (up 1.21 per cent), BHEL 0.95 % (up 1.16 per cent), Wipro1.90 % (up 1.07 per cent), Bharti Airtel 0.39 % (up 1.03 per cent) and M&M (up 0.91 per cent) were among the Sensex gainers.
Axis Bank (2.31 per cent), Sun Pharma 0.86 % (0.30 per cent), ITC BSE -0.27 % (0.24 per cent) and Hero MotoCorp 0.68 % (0.21 per cent) were the only index losers.