Buy Allahabad Bank for a Target of 112-115 in One Week
Buy TTML for a Target of 49-50 in One Week.
The markets ended flat after a highly volatile session. It slips in the red but buying at lower levels pushes up the markets again. On every fall the buying creeps in again sustaining the markets at higher level. Sensex recovered over 250 points from the day's low and closed flat.
Power stocks were the star performers of the day. Tata Power up over 20%, followed by Power Grid, Neyville Lignite, Reliance Energy and NTPC.
Selling pressure was seen in IT, auto and oil & gas stocks. Cues from the global markets were not very encouraging today.
IDBI post its Q2 numbers was down 2.5%, its standalone NII at Rs 144.7 crore versus Rs 134.9 crore.
Most of the BSE key indices ended in red except bankex, consumer durable and realty index.
Top gainers on the indices were ICICI Bank, Reliance Energy and Siemens were among the top gainers.
Top losers on the indices were Infosys, HUL, M&M, Sun Pharma, Zee Ent and Nalco.
BSE Midcap and Smallcap outperformed the Sensex. BSE Midacap was up naerly 1% and Smallcap was up 0.5%.
Sensex was down 6.81 points or 0.04% at 19051.86, and the Nifty down 2.35 points or 0.04% at 5668.05.
About 1350 shares have advanced, 1627 shares declined, and 70 shares are unchanged.
The BSE Bankex was up 3% at 9,974.13. SBI, IOB, ICICI Bank, Andhra Bank, Karnataka Bank, Kotak Mahindra, SBI, ICICI Bank, Yes Bank, Bank of India moved upwards.
The BSE Capital Goods Index was flat at 17,113.94. Thermax, SKF India, Bharat Elec, AIA Engineering, Astra Microwave, L&T closed lower.
The BSE Auto Index closed at 5,598.78 down 0.3%. Hind Motors,Ashok Leyland, Exide Industrie, Mah and Mah, Bajaj Auto closed lower.
The BSE Metal Index closed flat at 16,156.67. Sterlite Ind, JindalStainless, SAIL, JSW Steel closed lower.
The BSE FMCG Index closed at 2,135.93 down 1%. HUL, Dabur India, United Brewerie, ITC, Nestle closed lower
BSE Oil and Gas Index closed at 10,994.52 down 0.5%. Essar Oil, BPCL, ONGC, HPCL ended in red.
The BSE IT Index was down 1.8% at 4,629.09. Patni Computer,I-Flex Solution, Infosys, HCL Tech, Tech Mahindra
closed higher
The NSE cash turnover was at Rs 23289.02 crore and the NSE F&O turnover was at Rs 90751.74 crore. The BSE cash turnover was Rs 9766.82 crore. Total market wide turnover was at Rs 123807.58 crore.
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