The market extended rally with the Nifty inching towards 8600 led by banking & financials, oil & gas, technology and pharma stocks. The broader markets also traded in line with benchmarks, rising 0.6 percent each.
The Sensex rose 170.84 points to 28369.13 and the Nifty gained 50.30 points at 8574.10. About 1272 shares have advanced, 555 shares declined, and 113 shares are unchanged on the BSE.
Axis Bank topped the buying list on Sensex, up 2.7 percent, where as HDFC, Reliance Industries, Bajaj Auto and Tata Steel Up with more than 1 percent. However, M&M, L&T, Hero Motocorp and GAIL fell marginally.
Bank Nifty is Green today with trading at 19014.15, with 197.90 points up.
Intraday Trading tips and Reccomendation for the day:
‘BUY’ M&M Ltd. with a target of Rs 1,320 and a stop loss of Rs 1,260.
‘SELL’ Shriram Transport Finance Ltd with a target of Rs 846 and a stop loss of Rs 906.
‘BUY’ Reliance Industries Ltd. with a target of Rs 1,060 and a stop loss of Rs 1,003.