Sensex ends 106 pts up, Nifty50 tops 7,650 | Nifty BUY Tips Tomorrow

Market Closing Updates :
The 30-share BSE Sensex rose 105.92 points to 25150.35 and the 50-share NSE Nifty gained 39.60 points at 7650.05.

Banking stocks struggled amid concerns that the Reserve Bank of India could tighten provisioning norms for restructured assets had weighed on banking stocks.

Market analysts say that Indian markets were in an oversold territory after the steep fall this month. Nifty could find support at 7,500 levels, they add.

Nifty Buy tips Tomorrow

Steel stocks were in the limelight after the government imposed import duties for five years on some stainless steel imports from China, the European Union and the United States on Friday.

Nifty BUY Tips Tomorrow :

BUY JSW Steel Ltd. at 1032.01, Targets: 1039.54 – 1047.61 – 1055.72 – 1063.85, Stoploss : 1024.

SELL Strides Arcolab Limited at 1278.06, Targets: 1269.77 – 1260.88 – 1252.01 – 1243.18, Stoploss : 1287.01

 

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