Sensex recoups losses, hits fresh record high; Nifty reclaims 8400
The S&P BSE Sensex recouped most of its intraday fall of over 120 points led by gains in State Bank of India and Tata Motors.
By ET Online |
NEW DELHI: The S&P BSE Sensex recouped most of its intraday fall of over 120 points in trade on Monday to hit its fresh record high of 28143.22, led by gains in State Bank of India, Tata Motors, RIL and Hero MotoCorp.
Tracking the momentum, the 50-share Nifty index also managed to bounce back from its crucial psychological support level of 8350, to hit its fresh lifetime high of 8418.10, supported by gains in autos, consumer durable, FMCG and power stocks.
At 02:30 p.m.; the 30-share index was at 28143, up 96 points or 0.34 per cent. It touched a record high of 28143.22 and a low of 27921.34 in trade today.
The Nifty was at 8417, up 27 points or 0.33 per cent. It touched a record high of 8418.10 and a low of 8349.10 in trade today.
ET Now spoke to various experts and here's what they have to recommend for today's trade:
Ashwani Gujral of ashwanigujral.com
TCS Ltd is a 'BUY' call with a target of Rs 2675 and a stop loss of Rs 2600
Hero MotoCorp Ltd is a 'BUY' call with a target of Rs 3100 and a stop loss of Rs 2960
State Bank of India is a 'BUY' call with a target of Rs 2950 and a stop loss of Rs 2800
Century Textiles Ltd is a 'BUY' call with a target of Rs 610 and a stop loss of Rs 580
Mitesh Thacker of miteshthacker.com
Asian Paints Ltd is a 'BUY' call with a target of Rs 725 and a stop loss of Rs 675
Century Textiles Ltd is a 'BUY' call with a target of Rs 615 and a stop loss of Rs 569
IDFC Ltd is a 'BUY' call with a target of Rs 165 and a stop loss of Rs 153.50
PFC Ltd is a 'BUY' call with a target of Rs 310 and a stop loss of Rs 279
Sandeep Wagle, Founder & CEO, Power My Wealth
PFC Ltd is a 'BUY' call with a target of Rs 301 and a stop loss of Rs 285
Asian Paints Ltd is a 'BUY' call with a target of Rs 720 and a stop loss of Rs 675
TVS Motor Company Ltd is a 'SELL' call with a target of Rs 225 and a stop loss of Rs 238
Prakash Gaba, CFT, prakashgaba.com
Aarti Drugs LtdBSE 4.60 % is a 'BUY' call with a target of Rs 885 and a stop loss of Rs 822
Asian Paints Ltd is a 'BUY' call with a target of Rs 708 and a stop loss of Rs 674
Castrol Ltd is a 'BUY' call with a target of Rs 465 and a stop loss of Rs 438
Ankit Chaudhary, Senior Tech Analyst, Analyse India
Jubilant FoodWorks Ltd is a 'BUY' call with a target of Rs 1650 and a stop loss of Rs 1340
Godrej Properties Ltd is a 'BUY' call with a target of Rs 270 and a stop loss of Rs 245
Tata Motors DVR is a 'BUY' call with a target of Rs 350 and a stop loss of Rs 320
Shrikant Chouhan, Senior VP- Technical Research, Kotak Securities
Tata Motors DVR is a 'BUY' call with a target of Rs 360 and a stop loss of Rs 318
Punjab National Bank is a 'BUY' call with a target of Rs 1010 and a stop loss of Rs 920
Crompton Greaves Ltd is a 'BUY' call with a target of Rs 202 and a stop loss of Rs 185
(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.)
Tracking the momentum, the 50-share Nifty index also managed to bounce back from its crucial psychological support level of 8350, to hit its fresh lifetime high of 8418.10, supported by gains in autos, consumer durable, FMCG and power stocks.
At 02:30 p.m.; the 30-share index was at 28143, up 96 points or 0.34 per cent. It touched a record high of 28143.22 and a low of 27921.34 in trade today.
The Nifty was at 8417, up 27 points or 0.33 per cent. It touched a record high of 8418.10 and a low of 8349.10 in trade today.
ET Now spoke to various experts and here's what they have to recommend for today's trade:
Ashwani Gujral of ashwanigujral.com
TCS Ltd is a 'BUY' call with a target of Rs 2675 and a stop loss of Rs 2600
Hero MotoCorp Ltd is a 'BUY' call with a target of Rs 3100 and a stop loss of Rs 2960
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State Bank of India is a 'BUY' call with a target of Rs 2950 and a stop loss of Rs 2800
Century Textiles Ltd is a 'BUY' call with a target of Rs 610 and a stop loss of Rs 580
Mitesh Thacker of miteshthacker.com
Asian Paints Ltd is a 'BUY' call with a target of Rs 725 and a stop loss of Rs 675
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Century Textiles Ltd is a 'BUY' call with a target of Rs 615 and a stop loss of Rs 569
IDFC Ltd is a 'BUY' call with a target of Rs 165 and a stop loss of Rs 153.50
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PFC Ltd is a 'BUY' call with a target of Rs 310 and a stop loss of Rs 279
Sandeep Wagle, Founder & CEO, Power My Wealth
PFC Ltd is a 'BUY' call with a target of Rs 301 and a stop loss of Rs 285
Asian Paints Ltd is a 'BUY' call with a target of Rs 720 and a stop loss of Rs 675
TVS Motor Company Ltd is a 'SELL' call with a target of Rs 225 and a stop loss of Rs 238
Prakash Gaba, CFT, prakashgaba.com
Aarti Drugs LtdBSE 4.60 % is a 'BUY' call with a target of Rs 885 and a stop loss of Rs 822
Asian Paints Ltd is a 'BUY' call with a target of Rs 708 and a stop loss of Rs 674
Castrol Ltd is a 'BUY' call with a target of Rs 465 and a stop loss of Rs 438
Ankit Chaudhary, Senior Tech Analyst, Analyse India
Jubilant FoodWorks Ltd is a 'BUY' call with a target of Rs 1650 and a stop loss of Rs 1340
Godrej Properties Ltd is a 'BUY' call with a target of Rs 270 and a stop loss of Rs 245
Tata Motors DVR is a 'BUY' call with a target of Rs 350 and a stop loss of Rs 320
Shrikant Chouhan, Senior VP- Technical Research, Kotak Securities
Tata Motors DVR is a 'BUY' call with a target of Rs 360 and a stop loss of Rs 318
Punjab National Bank is a 'BUY' call with a target of Rs 1010 and a stop loss of Rs 920
Crompton Greaves Ltd is a 'BUY' call with a target of Rs 202 and a stop loss of Rs 185
(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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