The Asian markets opened in the positive. The Shanghai Index is witnessing pressure and trading in the negative, down 2.5%. The Indian market is trading strong. The Sensex is currently trading at 19367, up 364 points while Nifty is at 5770, up 135 points from the previous close. The BSE Midcaps Index is very strong, up 3%. The market breadth is strong with advances at 849 against declines of 341 on the NSE.

RPL can go up to Rs 500 in the coming 2-3 years, says Ashu Kakkar, technical analyst, on NDTV Profit. But for the time being, it is expected to remain rangebound between Rs 160 and Rs 230

HDFC will be able to sustain 25% growth over the next few years, says Keki Mistry, CFO of the company, on CNBC TV18. Interest rates will be softer in the next 3-6 months, he says. The average value of a loan is Rs 12 lakh and almost 95% of loans are for end users, he adds. The stock is currently trading at Rs 2789, up 3% on the BSE. Keki Mistry was awarded the Best Performing CFO in the Financial Services.