Equity benchmarks gained momentum and recouped previous week’s losses on Monday, with the Sensex rising more than 300 points intraday despite negative market breadth. Relaxation in tax return filing time after GST implementation that is expected from July 1 and further progress in NPA resolution led the market higher. Positive global cues – especially political developments in Europe – also helped the market move towards record closing high. The 30-share BSE Sensex was up 255.17 points at 31,311.57 and the 50-share NSE Nifty rose 69.50 points to 9,657.55, aided by banking & financials, metals, FMCG stocks and Reliance Industries. The broader markets underperformed benchmarks, with the BSE Midcap and Smallcap indices closing flat. About 1,505 shares declined against 1,200 advancing shares on the BSE.
Today’s Top NSE Gainers: Tata Steel, Adani Ports, Hindalco, Idea Cellular, Bosch
Today’s Top NSE Losers: Infosys, Eicher Motors, BPCL, Dr Reddys Labs, Yes Bank
Best Stock Tips for Tomorrow (20th June)
Buy NBCC above: 205.95 Targets: 206.14 — 207.78 — 209.45 Stoploss : 203.06
Buy Motherson Sumi above: 493.06 Targets: 495.39 — 499.00 — 505.63 Stoploss : 489.52