The market continued to consolidate, getting support from Infosys though HUL and Sun Pharma dragged. The Sensex gained 10.20 points at 28430.32 and the Nifty rose 9.30 points to 8612.75. About 1081 shares have advanced, 1393 shares declined, and 143 shares are unchanged on the BSE.
Infosys surged almost 10 percent after stellar Q1 earnings. Dollar revenue grew by 4.5 percent, beating street estimates. The company raised its FY16 revenue guidance to 7.2-9.2 percent in dollar terms and Vishal Sikka, CEO & MD said Infosys is on track for USD 20 billion revenue target by 2020
Top Loosers and Top Gainers:
Bharti Airtel, Wipro, Hero and SBI are top gainers in the Sensex.
The losers are Sun Pharma, Vedanta, Tata Steel, Hindalco and HUL
Intraday Trading Tips:
‘SRF Ltd. is a ‘BUY’ call with a target of Rs 1,400 and a stop loss of Rs 1,329′
‘IRB Infra Ltd. is a ‘BUY’ call with a target of Rs 260 and a stop loss of Rs 237′
‘REC Ltd is a ‘BUY’ call with a target of Rs 310 and a stop loss of Rs 287′