The market continues its consolidation as corporate India kick starts first quarter earnings today. The Sensex is up 33.24 points at 27720.96 and the Nifty is up 7.20 points at 8370.25. About 1488 shares have advanced, 687 shares declined, and 117 shares are unchanged.
BHEL and Bharti are up 3 percent while L&T, Hero and Hindalco are top gainers in the Sensex. Among the losers are TCS, Bajaj Auto, Tata Motors, Infosys and Vedanta.
Nifty Future Calls :
Engineers India Ltd. is a ‘SELL’ call with a target of Rs 220 and a stop loss of Rs 231
BPCL Ltd. is a ‘SELL’ call with a target of Rs 885 and a stop loss of Rs 915