Trading desk: The movers and shakers on Dalal Street

The Sensex closed 0.83% higher at 20,634.21, and the broader Nifty closed 0.89 % higher at 6,127.10. On the BSE, 1,407 stocks advanced against 1,234 declining stocks, while 178 remained unchanged. The INDIA VIX was down 3% at 15.41. It hit a day’s high of 15.83 and low of 13.68.

Foreign portfolio investors bought Indian companies shares worth Rs 292.23 crore, while domestic institutional investors sold shares worth Rs 154.83 crore.

Stocks which hit a 52-week high during the week were Adarsh Plant, Adi Finechem, Amraworld Agri, Amtek Auto while Acclaim Ind, Ajmera Realty, Andhra Sugars, Ankit Metal hit a 52-week low during the week.

IDFC Mutual Fund bought 2.46 lakh shares of Tara Jewels at Rs 89 apiece. Shares of Tara Jewels closed at Rs 88.30, down 1.51%.

Bharti Airtel closed lower by 0.95% at Rs 302.20 after the company and Loop Mobile announced a strategic agreement for their operations in the Mumbai service area.

Leading brokerage house Kotak Securities has revised its target price for Allcargo Logistics to Rs 170 from Rs 160 with a ‘Buy’ rating.It has assigned a PE of 9 times to the stock. Shares of Allcargo Logistics rose 2.83% to close at Rs 141.95.

Shares of Force Motors zoomed 15.08% to end at Rs 353.30, after the company reportedly said its promoter has acquired nearly 5% stake in the company.

Shares of ABB India surged 12.80% to end at Rs 666.65 after the company posted better Q3 net profit. The company’s net profit after tax for the quarter was at Rs 59 crore as against Rs 17 crore in the corresponding quarter of the previous year

Foreign brokerage house PhillipCapital has retained its ‘Buy’ rating on State Bank of India with a target price of Rs 1,700. Shares of SBI closed at Rs 1499.05, up 1.74%.