The Sensex is currently trading at 19,943, up 205 points from the previous close. Nifty is at 6000, up 60 points. BSE Midcap and Smallcap indices are up 1.1% and 1.7% respectively. All BSE sectoral indices are trading higher, except the BSE Consumer Durables index. Banking, realty and metal stocks seem to be in demand.
Ispat Industries has a near term target of Rs 85-88, says Shrikanth Chauhan, technical analyst with Kotak Securities, on NDTV Profit. The stock is currently trading at Rs 73.30, up over 7% on the BSE.
FDC can go up to Rs 43-44, where it may face a strong resistance, says Rahul Mohindar, technical analyst, on CNBC Awaaz. So do not invest in this stock with a long term view, he suggests. It is currently trading at Rs 40.75, up 9.3% on the BSE.
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