Sensex rallies over 85 points, Nifty under pressure

BSE Sensex rallied over 85 points or a change of 0% at 28076.41 rs, including HDFC Bank, Canara bank, YES bank also looks good, As compared to yesterday Bullish on stocks is still remain. In terms of valuation, Banks are in much better position with increase in credit growth. Specifically HDFC Bank traded at 1010.40rs with 17.80 points or a change of 1.79%. Yes bank was trading at 814.80rs with 2 points or a change of 0.27% and in Canara Bank, it was trading at 456.75rs with 0.15 point or a change of 0.03% where capital adequacy levels are very high.

cropped-cropped-sonam-banner2CNX Nifty fell down by 8487.80rs with a change of -0.08%. Cipla, Coal india, DLF, Dr. Reddys Labs increases are in a high note while Bharti Airtel, Hindalco, IDFC decreases with a red sign.

Tata Consultancy Services (TCS), the country’s largest IT services exporter on Thursday reported Profit After Tax (PAT) of Rs 5440 crore for the third quarter of the current financial year, versus an ET NOW Poll of Rs 5,462 crore. This is a rise of 2.9% QoQ (quarter on quarter).

Advice to Buy or Sell stocks today:

Hero Motocop: Buy-2950, Target-2980, Stoploss-2940

TVS Motor: Buy-315, Target-325, Stoploss-211

HUL: Buy-921, Target-935, Stoploss-915

Yes Bank: Buy-812, Target-824, Stoploss-808

Gail India: Buy-428, Target-440, Stoploss-425

Tata Motors: Buy-532, Target-540, Stoloss-528

Ashok Leyland: Buy-60.25, Target-63, Stoploss-59