On Tuesday Indian stock market opened flat note with positive prices. The S&P BSE Sensex which plunged as much as 100 points in trade on Tuesday recouped some of the losses and was trading above its crucial psychological level of 26400, led by losses in ICICI Bank BSE -0.27 %, L&T, Tata Motors, and M&M.
The 50-share Nifty index also slipped below its crucial psychological support level of 7900 in trade today.In nifty index Jindal steel is a topped in selling list down 6.41% to 237.20. The Indian rupee opened flat at 60.52 per dollar on Tuesday as against previous day’s closing value of 60.56 a dollar.
DLF Ltd is a ‘SELL’ call with a target of Rs 183 and a stop loss of Rs 193.
The investors now like IT and Pharma space. In the IT space he likes infosys, Hexaware, Tech mahindra And he is bullish on lupin Ranbaxy and glenmark in Pharma space.
Infosys Ltd is a ‘BUY’ call with a target of Rs 3710 and a stop loss of Rs 3600.