Sensex surges over 250 points, Nifty hits 8,250; RIL breaches Rs 1,000 mark

NEW DELHI: The S&P BSE Sensex gained over 250 points in intraday trade today. The 50-share Nifty index breached 8250 level in intraday trade.

Investors seemed like throwing to wind Greek woes over the debt deal.

Asian markets were mixed for the day, with the Chinese benchmark Shanghai Composite cracking 6.4 per cent for the day. Japanese Nikkei ended 0.9 per cent higher while Hong Kong's Hang Seng was up 0.35 per cent.

Benchmark Shanghai Composite Index fell over 6 per cent, or 248.4 points, to 4,532.23. Shanghai Composite has plunged 12% since June 12 highs.

Markets @ 2:00

Sensex; 27,316 up 200 points; Nifty: 8,227 up 52 points

Top Gainers

M&M (3.0%) HDFC (2.5%), WIPRO (2.5%), ONGC (1.6%), HINDALCO (1.5%)

Top Losers

TATA MOTORS (-2.5%), BHEL (-1.7%), HIND. UNILEVER (-0.5%), TATA POWER (-0.4%), GAIL (-0.2%)

BUZZING STOCKS

Sun TV rallied over 9 per cent afte A-G submits report stating 'stand taken by MHA not correct'.

Aarti Drugs surged over 8 per cent in intraday trade.

Welspun rallied nearly 6 per cent in intraday trade to attain 52-week high.

Amtek Auto gained nearly 7 per cent after ​Castex Technologies clarified in a note to exchanges. Read here

​Essar Oil fell 6% in intraday trade on Roseneft stake deal. Read here

Premier Explosives gained 16 per cent in intraday trade as the company received Industrial License from the DIPP. Read here

Dish TV fell over 2% in intraday trade on reports that private equity major, Apollo is raising upto $75 million by selling up to 4.4% of its stake in direct-to-home operator.

WHAT TOP EXPERTS SAY

Lower interest rates will be crucial for market upside: Valuequest Investment Advisors

See Sensex EPS growth of 9-10% in FY16: AmbitCapital

Markets don't seem to be concerned about monsoon for now: Mirae Asset Global

India market valuations look cheap at 7,700-7,800: Vaibhav Sanghvi, Ambit Investment Advisors

8200 holds the key for Nifty; Sensex likely to climb to 27,375: Mitesh Thacker, Technical Analyst, miteshthacker.com. Read here

Technical charts signal bottom is in place for markets: Ashwani Gujral, Fund Manager, Ashwanigujral.com. Read here

ET Now spoke to various experts and here's what they have to recommend for today's trade:

Ashwani Gujral of ashwanigujral.com

Tata Sponge Ltd is a 'BUY' call with a target of Rs 625 and a stop loss of Rs 590

Havells India Ltd is a 'BUY' call with a target of Rs 295 and a stop loss of Rs 277

Tata Steel Ltd is a 'BUY' call with a target of Rs 325 and a stop loss of Rs 300

BPCL is a 'BUY' call with a target of Rs 860 and a stop loss of Rs 838

Mitesh Thacker of miteshthacker.com

M&M Ltd is a 'BUY' call with a target of Rs 1325 and a stop loss of Rs 1254

Arvind Ltd is a 'BUY' call with a target of Rs 255 and a stop loss of Rs 234

Hero MotoCorp Ltd is a 'BUY' call with a target of Rs 2625 and a stop loss of Rs 2530

ONGC is a 'BUY' call with a target of Rs 335 and a stop loss of Rs 313

Sandeep Wagle, Founder & CEO, Power My Wealth

HDFC Ltd is a 'BUY' call with a target of Rs 1270 and a stop loss of Rs 1220

L&T Ltd is a 'BUY' call with a target of Rs 1795 and a stop loss of Rs 1721

M&M Ltd is a 'BUY' call with a target of Rs 1341 and a stop loss of Rs 1260

Prakash Gaba, CFT, prakashgaba.com

HCL Technologies Ltd is a 'BUY' call with a target of Rs 940 and a stop loss of Rs 915

HDFC Ltd is a 'BUY' call with a target of Rs 1247 and a stop loss of Rs 1220

M&M Financials Ltd is a 'BUY' call with a target of Rs 275 and a stop loss of Rs 252

Sameet Chavan, Technical Analyst - Angel Broking

Hero MotoCorp Ltd is a 'BUY' call with a target of Rs 2660 and a stop loss of Rs 2510

Yes Bank Ltd is a 'SELL' call with a target of Rs 790 and a stop loss of Rs 845

Apollo Tyres Ltd is a 'SELL' call with a target of Rs 160 and a stop loss of Rs 172

Manav Chopra, Head - Technical Analyst, Networth Stock Broking Ltd

BPCL Ltd is a 'BUY' call with a target of Rs 870 and a stop loss of Rs 830

Arvind Ltd is a 'BUY' call with a target of Rs 260 and a stop loss of Rs 236

Ajanta Pharma Ltd is a 'BUY' call with a target of Rs 1600 and a stop loss of Rs 1490

(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.)

MARKETS THROUGH THE DAY

Markets @ 1:00

Sensex; 27,280 up 165 points; Nifty: 8,215 up 40 points

Top Gainers

M&M (2.3%), HDFC (2.2%), WIPRO (1.7%), ONGC (1.7%), HINDALCO (1.6%)

Top Losers

TATA MOTORS (-2.0%), BHEL (-1.5%), GAIL (-0.7%), HIND. UNILEVER (-0.4%), TATA POWER (-0.3%)

Markets @ 12:00

Sensex; 27,328 up 212 points; Nifty: 8,228 up 53 points

Top Gainers

M&M (2.9%), HDFC (2.1%), ONGC (2.1%), WIPRO (1.8%), HINDALCO (1.5%)

Top Losers

TATA MOTORS (-1.1%), BHEL (-0.7%), HIND. UNILEVER (-0.6%), TATA POWER (-0.3%), NTPC (-0.1%)

Markets @ 11:30

Sensex; 27,324 up 208 points; Nifty: 8,228 up 53 points

Top Gainers

M&M (3.1%), ONGC (2.3%), HDFC (2.2%), WIPRO (1.7%), HINDALCO (1.7%)

Top Losers

TATA MOTORS (-1.2%), GAIL (-0.6%), HIND. UNILEVER (-0.5%), BHEL (-0.1%)

Markets @ 10:20

Sensex; 27,319 up 203 points; Nifty: 8,228 up 53 points

Top Gainers

HINDALCO (2.3%), HDFC (1.9%), VEDANTA LTD (1.6%), TATA STEEL (1.6%), ONGC (1.4%)

Top Losers

TATA MOTORS (-1.3%), CIPLA (-0.5%), HIND. UNILEVER (-0.3%), BHEL (-0.2%), BAJAJ AUTO (-0.1%)

Markets @ 10:00

Sensex; 27,287 up 172 points; Nifty: 8,217 up 43 points

Top Gainers

HDFC (2.0%), HINDALCO (1.9%), VEDANTA LTD (1.8%), ONGC (1.7%), M&M (1.3%)

Top Losers

TATA MOTORS (-1.4%), CIPLA (-0.6%), HDFC BANK (-0.4%), HIND. UNILEVER (-0.3%), BHEL (-0.1%)

Markets @ 9.20

The 30-share index was trading at 27261, up 145 points or 0.54 per cent. It touched a high of 27,261.64 and a low of 27,202.38 in trade today.

The Nifty was at 8,206 up 32 points or 0.40 per cent. It touched a high of 8211.80 and a low of 8195.65 in trade today.