ET Online
MUMBAI: The markets are on a roll, with the Sensex and Nifty making fresh life highs, led by gains in banks, auto and energy counters.
The new life high for Sensex is 26,356.24; and that for Nifty is 7,865.85.
The Nifty extended its winning streak for fifth consecutive session and hit an all-time high as FIIs continued to pump in dollars in Indian markets on expectations of pick-up in economy
Sudip Bandyopadhyay, President, Destimoney Securities, is of the view that the market will continue to move upwards.
“A lot of FIIs money is coming out of Russia into Indian markets through BRICS fund. Domestic investors are also entering the market and that is providing support,” said Bandyopadhyay.
At 2:02 p.m.; the 50-share index was at 7,860.95, up 69.25 points or 0.89 per cent. It touched an all-time high of 7,865.85 and a low of 7,779.20 in trade today.
The S&P BSE Sensex was at 26,340.82, up 237.59 points or 0.91 per cent. It touched an all-time high of 26,356.24 and a low of 26,075.28 in trade today.
Sandeep Tandon of Quant Broking is of the view that market went through consolidation in the last three months. It is light at the moment and looks set for next leg of upmove.
The CNX Midcap Index rallied 1.27 per cent and the CNX Smallcap Index surged 2.10 per cent.
Among the sectoral indices, the CNX Bank Nifty was up 1.49 per cent, the CNX Auto Index gained 1.02 per cent, the CNX Energy Index rose 1.42 per cent.
The CNX FMCG Index was down 0.75 per cent and the CNX IT Index slipped 0.51 per cent.
BPCL (up 5.25 per cent), Axis Bank (up 3.11 per cent), Tata Power (up 3.04 per cent), BHEL (up 2.91 per cent) and Tata Motors (up 2.87 per cent) were among the major Nifty gainers.
ITC (1.92 per cent), Infosys (1.01 per cent), HCL Tech (0.80 per cent), HDFC (0.70 per cent) and TCS (0.68 per cent) were among the index losers.
The market breadth was positive on the NSE with 1090 gainers against 425 losers.
Foreign institutional investors were net buyers worth Rs 625.18 crore and domestic institutional investors were net buyers worth Rs 135.75 crore on Thursday as per the provisional data from the National Stock Exchange.
D-Street highlights @ 2 pm
Cairn India: Plan pipeline to connect field to Gujarat gas grid
Cairn India: Sees significant gas volume potential in Rajasthan
Cairn India: Raageshwari deep field may hold 1-3 TCF gas
ET NOW ALERT: Top Gainer On CNX Small Cap Index Alok Inds Price:12.3 Change: +1.35 Percent Change: +12.33%
ET NOW ALERT: Up For 2nd Day CNX SMALL CAP Price:4979.95 Change: +118.3 Percent Change: +2.43%
ET NOW ALERT: Top Gainer On CNX 200 Index AIA Engineering Price:844 Change: +56.6 Percent Change: +7.19%
Sources Say: JSW Energy in talks to buy Bina, Nigrie power assets of JP Power
Sources Say: JSW Energy says: Continue to evaluate opportunities
Sources Say: Bina Power Plant's EV is pegged at around Rs 3,500 cr
Sources Say: Alert: JP's Nigrie Thermal Power project to have capacity of 1,320 MW
ET NOW ALERT: All 12 lenders in Bank Nifty post gains
Tata Motors To ET NOW: Plan to increase exports by 25% over the next 3 years
Tata Motors To ET NOW: Co to launch 25 new commercial vehicles in FY15
Tata Motors To ET NOW: Will spend Rs 1,200-1,500 cr this fiscal on new product development
Tata Motors To ET NOW: Expect FY15 M&HCV sales to be 10% higher than last fiscal
Adrian Mowat: Spike in crude oil prices can derail India's growth story
ET NOW ALERT: Hits Fresh Record High SENSEX Price:26297.42 Change: +194.19 Percent Change: +.74%
Adrian Mowat: Underweight on consumer staples, defensive stocks
Adrian Mowat: India's divestment programme has potential to take mkt higher
@ 1 pm
Quant Broking: Bullish on IT stocks on good US economic recovery
Quant Broking: Not optimistic on auto stocks currently
Quant Broking: Positive on mid-cap pharma, cement stocks
Quant Broking: Bullish on pharma, cement, IT banks, PSU oil & gas stocks
Quant Broking: Market is poised for next leg of the bull rally
ET NOW ALERT: Hits Fresh Record High NIFTY Price:7840.3 Change: +48.6 Percent Change: +.62%
JUST NOW: Harsh Mariwala raises stake in Marico Kaya to 2.21% from 1.94%
Atlanta: Signed an agreement with Gujarat Govt to set up entertainment city
Fin Min Sources: Alert: In 2008, UTI AMC deferred IPO plans
Fin Min Sources: Alert: SBI, BoB,PNB,LIC currently hold 74% stake in UTI AMC
Fin Min Sources: SBI, BoB, PNB to seek board approval to cut stake in UTI AMC
Fin Min Sources: Government looking to list UTI AMC
@ 12 pm
Edelweiss Financial: Q1 IIP growth has been at 4%, indicating a sharp pick up
Edelweiss Financial: Expect exports to grow at 7-8% on a monthly basis
Edelweiss Financial: Need to monitor export demand from US, Europe & Japan
Edelweiss Financial: Trade deficit is not a concern at current juncture
Edelweiss Financial: Agri output remains weak due to delayed monsoon
Edelweiss Financial: Lower crude oil prices will help inflation to cool off as well
Edelweiss Financial: Crude oil prices correcting is positive for twin deficits
Mythili Bhusnurmath: IEA has stated oil consumption may be lower than last year
Mythili Bhusnurmath: Most economic data is within consensus estimates
Mythili Bhusnurmath: Economic data in Q1 has not been disappointing
Mythili Bhusnurmath: Expect EXIM policy to be announced by end of the month
Reliance Comm: Expect to bring down debt by another Rs 10,000 cr
Reliance Comm: Net debt to EBITDA ratio to be below 2.5-3 levels
Reliance Comm: Thrust on CDMA biz has helped achieve a turnaround
Reliance Comm: Had a healthy revenue growth of Rs 4,571 cr, up 2% QoQ
Reliance Comm: Net debt on books at Rs 35,500 cr from Rs 40,000 cr previously
Reliance Comm: Raised Rs 6,100 cr in Q1 via QIP; Promoters invested Rs 1,300 cr
@ 11 am
Meghmani Organics: Have completed investments in capex for FY15
Meghmani Organics: Aim to grow by 25% in topline & bottomline in FY16
Meghmani Organics: PAT likely to be around Rs 55 cr in FY15
Meghmani Organics: Expect a topline of Rs 1,550 cr & EBITDA of Rs 250 cr for FY15
Meghmani Organics: Target a business of Rs 600 cr for agro chemicals segment
ET NOW ALERT: 1.21 Lk Shares Trade In A Block Axis Bank Price:382.7 Change: +4.9 Percent Change: +1.3%
HSBC AMC: Constructive on select financial stocks
HSBC AMC: NPAs for banks will remain a overhang till economy recovers
HSBC AMC: Expect a real change in economy only by 2015
ET NOW ALERT: 50,000 Shares Trade In A Block Ambuja Cem Price:214.85 Change: +3.95 Percent Change: +1.87%
HSBC AMC: Recommend being invested in quality stocks
HSBC AMC: Will remain selectively invested in consumer stocks
HSBC AMC: Oil & gas stocks will move up if under-recoveries continue to fall
HSBC AMC: Upside in auto stocks seem to be overstated
HSBC AMC: Will adopt a wait & watch strategy on oil & gas stocks
RCF Says: Need to look for overseas JVs for phospahtic fertiliser
RCF Says: Govt is looking at restarting urea plants which have shutdown
RCF Says: Gas availability & pricing issues need to be sorted for fert sector
@ 10 am
Reliance Capital: Waiting for all bank licence guidelines before applying
Reliance Capital: Expect profit growth of 15% to continue for AMC biz
Reliance Capital: Commercial finance loans have grown by 10-11% on YoY basis
Reliance Capital: Premium growth in general insurance at 11% in Q1
Adi Godrej: Govt's reforms need to be implemented quickly
Adi Godrej: Hope GST is implemented by April 2015
Adi Godrej: PM Modi's August 15 speech will have an impact
Dimensions Consulting: Have been building position in Reliance Infra
Dimensions Consulting: Jubilant Foods is an expensive stock at current levels
Dimensions Consulting: Prefer Indian Oil & BPCL to ONGC
Dimensions Consulting: Remain bullish on Pharma, FMCG, IT sectors
Dimensions Consulting: Will focus on quality stocks which aren't highly leveraged
ICICI Direct: Prefer TCS to Infosys at current juncture
United Bank: Bank consolidation will be positive for the sector
ICICI Direct: New management of Infosys will be positive for stock
United Bank: Bhushan Steel remains a standard account
United Bank: Bankers to meet on Bhushan Steel loans today
United Bank: Set a target of Rs 1,200-1,300 cr for recovering bad loans
ET Now spoke to various experts and here's what they have to recommend for today's trade:
Ashwani Gujral of ashwanigujral.com
Yes Bank Ltd is a 'BUY' call with a target of Rs 575 and a stop loss of Rs 540
Bharat Forge Ltd is a 'BUY' call with a target of Rs 790 and a stop loss of Rs 766
IndusInd Bank Ltd is a 'BUY' call with a target of Rs 575 and a stop loss of Rs 540
RIL Ltd is a 'BUY' call with a target of Rs 1040 and a stop loss of Rs 990
Sandeep Wagle, Founder & CEO, Power My Wealth
Yes Bank Ltd is a 'BUY' call with a target of Rs 575 and a stop loss of Rs 544
BPCL is a 'BUY' call with a target of Rs 688 and a stop loss of Rs 623
AIA Engineering Ltd is a 'BUY' call with a target of Rs 910 and a stop loss of Rs 826
Tata Motors Ltd is a 'BUY' call with a target of Rs 528 and a stop loss of Rs 480
Prakash Gaba, CFT, prakashgaba.com
HDFC Bank Ltd is a 'BUY' call with a target of Rs 845 and a stop loss of Rs 825
Tata Motors DVR is a 'BUY' call with a target of Rs 370 and a stop loss of Rs 345
ZEE Entertainment Ltd is a 'BUY' call with a target of Rs 285 and a stop loss of Rs 273
Abhishek Karande, CMT, Technical Analyst - Institution Research, SBICAP Securities
M&M Financial Services Ltd is a 'BUY' call with a target of Rs 300 and a stop loss of Rs 248
HPCL is a 'BUY' call with a target of Rs 465 and a stop loss of Rs 409
UltraTech Cements Ltd is a 'BUY' call with a target of Rs 2850 and a stop loss of Rs 2610
Mayank Mehta, Derivative Analyst, KIFS Securities
IndusInd Bank Ltd is a 'BUY' call with a target of Rs 575 and a stop loss of Rs 525
Hero MotoCorp Ltd is a 'SELL' call with a target of Rs 2450 and a stop loss of Rs 2600
Lupin Ltd is a 'BUY' call with a target of Rs 1225 and a stop loss of Rs 1150
A K Prabhakar, Independent Market Expert
L&T Ltd is a 'BUY' call with a target of Rs 1600 and a stop loss of Rs 1480
Yes Bank Ltd is a 'BUY' call with a target of Rs 610 and a stop loss of Rs 538
Rallis India Ltd is a 'BUY' call with a target of Rs 254 and a stop loss of Rs 214
(Views and recommendations expressed in this section are the analysts' own and do not represent those of EconomicTimes.com. Please consult your financial advisor before taking any position in the stocks mentioned.)
The new life high for Sensex is 26,356.24; and that for Nifty is 7,865.85.
The Nifty extended its winning streak for fifth consecutive session and hit an all-time high as FIIs continued to pump in dollars in Indian markets on expectations of pick-up in economy
Sudip Bandyopadhyay, President, Destimoney Securities, is of the view that the market will continue to move upwards.
“A lot of FIIs money is coming out of Russia into Indian markets through BRICS fund. Domestic investors are also entering the market and that is providing support,” said Bandyopadhyay.
At 2:02 p.m.; the 50-share index was at 7,860.95, up 69.25 points or 0.89 per cent. It touched an all-time high of 7,865.85 and a low of 7,779.20 in trade today.
The S&P BSE Sensex was at 26,340.82, up 237.59 points or 0.91 per cent. It touched an all-time high of 26,356.24 and a low of 26,075.28 in trade today.
Sandeep Tandon of Quant Broking is of the view that market went through consolidation in the last three months. It is light at the moment and looks set for next leg of upmove.
The CNX Midcap Index rallied 1.27 per cent and the CNX Smallcap Index surged 2.10 per cent.
Among the sectoral indices, the CNX Bank Nifty was up 1.49 per cent, the CNX Auto Index gained 1.02 per cent, the CNX Energy Index rose 1.42 per cent.
The CNX FMCG Index was down 0.75 per cent and the CNX IT Index slipped 0.51 per cent.
BPCL (up 5.25 per cent), Axis Bank (up 3.11 per cent), Tata Power (up 3.04 per cent), BHEL (up 2.91 per cent) and Tata Motors (up 2.87 per cent) were among the major Nifty gainers.
ITC (1.92 per cent), Infosys (1.01 per cent), HCL Tech (0.80 per cent), HDFC (0.70 per cent) and TCS (0.68 per cent) were among the index losers.
The market breadth was positive on the NSE with 1090 gainers against 425 losers.
Foreign institutional investors were net buyers worth Rs 625.18 crore and domestic institutional investors were net buyers worth Rs 135.75 crore on Thursday as per the provisional data from the National Stock Exchange.
D-Street highlights @ 2 pm
Cairn India: Plan pipeline to connect field to Gujarat gas grid
Cairn India: Sees significant gas volume potential in Rajasthan
Cairn India: Raageshwari deep field may hold 1-3 TCF gas
ET NOW ALERT: Top Gainer On CNX Small Cap Index Alok Inds Price:12.3 Change: +1.35 Percent Change: +12.33%
ET NOW ALERT: Up For 2nd Day CNX SMALL CAP Price:4979.95 Change: +118.3 Percent Change: +2.43%
ET NOW ALERT: Top Gainer On CNX 200 Index AIA Engineering Price:844 Change: +56.6 Percent Change: +7.19%
Sources Say: JSW Energy in talks to buy Bina, Nigrie power assets of JP Power
Sources Say: JSW Energy says: Continue to evaluate opportunities
Sources Say: Bina Power Plant's EV is pegged at around Rs 3,500 cr
Sources Say: Alert: JP's Nigrie Thermal Power project to have capacity of 1,320 MW
ET NOW ALERT: All 12 lenders in Bank Nifty post gains
Tata Motors To ET NOW: Co to launch 25 new commercial vehicles in FY15
Tata Motors To ET NOW: Will spend Rs 1,200-1,500 cr this fiscal on new product development
Tata Motors To ET NOW: Expect FY15 M&HCV sales to be 10% higher than last fiscal
Adrian Mowat: Spike in crude oil prices can derail India's growth story
ET NOW ALERT: Hits Fresh Record High SENSEX Price:26297.42 Change: +194.19 Percent Change: +.74%
Adrian Mowat: Underweight on consumer staples, defensive stocks
Adrian Mowat: India's divestment programme has potential to take mkt higher
@ 1 pm
Quant Broking: Bullish on IT stocks on good US economic recovery
Quant Broking: Not optimistic on auto stocks currently
Quant Broking: Positive on mid-cap pharma, cement stocks
Quant Broking: Bullish on pharma, cement, IT banks, PSU oil & gas stocks
Quant Broking: Market is poised for next leg of the bull rally
ET NOW ALERT: Hits Fresh Record High NIFTY Price:7840.3 Change: +48.6 Percent Change: +.62%
JUST NOW: Harsh Mariwala raises stake in Marico Kaya to 2.21% from 1.94%
Atlanta: Signed an agreement with Gujarat Govt to set up entertainment city
Fin Min Sources: Alert: In 2008, UTI AMC deferred IPO plans
Fin Min Sources: Alert: SBI, BoB,PNB,LIC currently hold 74% stake in UTI AMC
Fin Min Sources: SBI, BoB, PNB to seek board approval to cut stake in UTI AMC
Fin Min Sources: Government looking to list UTI AMC
@ 12 pm
Edelweiss Financial: Q1 IIP growth has been at 4%, indicating a sharp pick up
Edelweiss Financial: Expect exports to grow at 7-8% on a monthly basis
Edelweiss Financial: Need to monitor export demand from US, Europe & Japan
Edelweiss Financial: Trade deficit is not a concern at current juncture
Edelweiss Financial: Agri output remains weak due to delayed monsoon
Edelweiss Financial: Lower crude oil prices will help inflation to cool off as well
Edelweiss Financial: Crude oil prices correcting is positive for twin deficits
Mythili Bhusnurmath: IEA has stated oil consumption may be lower than last year
Mythili Bhusnurmath: Most economic data is within consensus estimates
Mythili Bhusnurmath: Economic data in Q1 has not been disappointing
Mythili Bhusnurmath: Expect EXIM policy to be announced by end of the month
Reliance Comm: Expect to bring down debt by another Rs 10,000 cr
Reliance Comm: Net debt to EBITDA ratio to be below 2.5-3 levels
Reliance Comm: Thrust on CDMA biz has helped achieve a turnaround
Reliance Comm: Had a healthy revenue growth of Rs 4,571 cr, up 2% QoQ
Reliance Comm: Net debt on books at Rs 35,500 cr from Rs 40,000 cr previously
Reliance Comm: Raised Rs 6,100 cr in Q1 via QIP; Promoters invested Rs 1,300 cr
@ 11 am
Meghmani Organics: Have completed investments in capex for FY15
Meghmani Organics: Aim to grow by 25% in topline & bottomline in FY16
Meghmani Organics: PAT likely to be around Rs 55 cr in FY15
Meghmani Organics: Target a business of Rs 600 cr for agro chemicals segment
ET NOW ALERT: 1.21 Lk Shares Trade In A Block Axis Bank Price:382.7 Change: +4.9 Percent Change: +1.3%
HSBC AMC: Constructive on select financial stocks
HSBC AMC: NPAs for banks will remain a overhang till economy recovers
HSBC AMC: Expect a real change in economy only by 2015
ET NOW ALERT: 50,000 Shares Trade In A Block Ambuja Cem Price:214.85 Change: +3.95 Percent Change: +1.87%
HSBC AMC: Recommend being invested in quality stocks
HSBC AMC: Will remain selectively invested in consumer stocks
HSBC AMC: Oil & gas stocks will move up if under-recoveries continue to fall
HSBC AMC: Upside in auto stocks seem to be overstated
HSBC AMC: Will adopt a wait & watch strategy on oil & gas stocks
RCF Says: Need to look for overseas JVs for phospahtic fertiliser
RCF Says: Govt is looking at restarting urea plants which have shutdown
RCF Says: Gas availability & pricing issues need to be sorted for fert sector
@ 10 am
Reliance Capital: Waiting for all bank licence guidelines before applying
Reliance Capital: Expect profit growth of 15% to continue for AMC biz
Reliance Capital: Commercial finance loans have grown by 10-11% on YoY basis
Reliance Capital: Premium growth in general insurance at 11% in Q1
Adi Godrej: Govt's reforms need to be implemented quickly
Adi Godrej: Hope GST is implemented by April 2015
Adi Godrej: PM Modi's August 15 speech will have an impact
Dimensions Consulting: Have been building position in Reliance Infra
Dimensions Consulting: Jubilant Foods is an expensive stock at current levels
Dimensions Consulting: Prefer Indian Oil & BPCL to ONGC
Dimensions Consulting: Remain bullish on Pharma, FMCG, IT sectors
Dimensions Consulting: Will focus on quality stocks which aren't highly leveraged
ICICI Direct: Prefer TCS to Infosys at current juncture
United Bank: Bank consolidation will be positive for the sector
ICICI Direct: New management of Infosys will be positive for stock
United Bank: Bhushan Steel remains a standard account
United Bank: Bankers to meet on Bhushan Steel loans today
United Bank: Set a target of Rs 1,200-1,300 cr for recovering bad loans
ET Now spoke to various experts and here's what they have to recommend for today's trade:
Ashwani Gujral of ashwanigujral.com
Yes Bank Ltd is a 'BUY' call with a target of Rs 575 and a stop loss of Rs 540
Bharat Forge Ltd is a 'BUY' call with a target of Rs 790 and a stop loss of Rs 766
IndusInd Bank Ltd is a 'BUY' call with a target of Rs 575 and a stop loss of Rs 540
RIL Ltd is a 'BUY' call with a target of Rs 1040 and a stop loss of Rs 990
Yes Bank Ltd is a 'BUY' call with a target of Rs 575 and a stop loss of Rs 544
BPCL is a 'BUY' call with a target of Rs 688 and a stop loss of Rs 623
AIA Engineering Ltd is a 'BUY' call with a target of Rs 910 and a stop loss of Rs 826
Tata Motors Ltd is a 'BUY' call with a target of Rs 528 and a stop loss of Rs 480
Prakash Gaba, CFT, prakashgaba.com
HDFC Bank Ltd is a 'BUY' call with a target of Rs 845 and a stop loss of Rs 825
Tata Motors DVR is a 'BUY' call with a target of Rs 370 and a stop loss of Rs 345
ZEE Entertainment Ltd is a 'BUY' call with a target of Rs 285 and a stop loss of Rs 273
Abhishek Karande, CMT, Technical Analyst - Institution Research, SBICAP Securities
M&M Financial Services Ltd is a 'BUY' call with a target of Rs 300 and a stop loss of Rs 248
HPCL is a 'BUY' call with a target of Rs 465 and a stop loss of Rs 409
UltraTech Cements Ltd is a 'BUY' call with a target of Rs 2850 and a stop loss of Rs 2610
Mayank Mehta, Derivative Analyst, KIFS Securities
IndusInd Bank Ltd is a 'BUY' call with a target of Rs 575 and a stop loss of Rs 525
Hero MotoCorp Ltd is a 'SELL' call with a target of Rs 2450 and a stop loss of Rs 2600
Lupin Ltd is a 'BUY' call with a target of Rs 1225 and a stop loss of Rs 1150
A K Prabhakar, Independent Market Expert
L&T Ltd is a 'BUY' call with a target of Rs 1600 and a stop loss of Rs 1480
Yes Bank Ltd is a 'BUY' call with a target of Rs 610 and a stop loss of Rs 538
Rallis India Ltd is a 'BUY' call with a target of Rs 254 and a stop loss of Rs 214
(Views and recommendations expressed in this section are the analysts' own and do not represent those of EconomicTimes.com. Please consult your financial advisor before taking any position in the stocks mentioned.)
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Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Read More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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