Selling pressure in the Indian market has intensified over the last 12 sessions. S&P BSE Sensex opened with a gap-up of over 160 points led by gains in tech, auto and metals on the back of positive cues from global markets. Nifty traded over 92.50 points at 8251.80 led by gains in Bhel, coal india, hero motocorp,Hindalco, larsen, M&M,Reliance, sesa sterllite, Tata power.
Index-heavy banking and IT stocks also saw buying interest, with ICICI Bank rising 2 % . Tech giant Accenture’s higher revenue guidance sent Infosys, Wipro, Tech Mahindra and HCL Tech shares higher.
Reliance Industries shares also rose 2.5 %, supporting the Nifty.
Punjab National Bank buy call with a target of Rs 245 and a stop loss of Rs 222
Adani Enterprises Ltd buy call with a target of Rs 465 and a stop loss of Rs 444