The market has opened flat with a positive bias. The Sensex gained 23.31 points at 28246.39 and the Nifty rose 5.75 points to 8573.70. About 690 shares have advanced, 271 shares declined, and 65 shares are unchanged on the BSE.
Infosys, Dr Reddy’s Labs, TCS, Lupin, Sun Pharma, BPCL and HCL Tech gained 0.7-1.6 percent while Tata Steel fell 2 percent on profit booking. ITC, M&M, GAIL, HUL, Bank of Baroda, PNB and Asian Paints lost 0.5-1.6 percent.
The Indian rupee opened flat at 63.77 per dollar today against previous close of 63.75
Infosys was quoting at Rs 1,101.70, up Rs 15.15, or 1.39 percent. The share touched its 52-week high Rs 1,167.60 and 52-week low Rs 798.21 on 20 February, 2015 and 10 July, 2015, respectively.
<<<<< KINJAL at Nifty Trading Tips Recommend a BUY on INFOSYS With a stop loss of Rs 1,070 and target price of Rs 1,120 >>>>>
**** Siemens , in the buy list, is his last pick as the stock has come out of a 6 month- trading range and he expects more upside in the future with a stop loss of Rs 1,495 and target price of Rs 1,540 ****
Recommeding a sell on NMDC , she advises a stop loss of Rs 104 and a target price of Rs 95.
Another sell is Mcleod Russel , with a stop loss of Rs 226 and target price of Rs 214.
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