Today Sensex

 

Friday, 21 November 4:32 PM - It was a disappointing week for the Indian market. Experts believe the Indian market is nearing the end of its bearish phase. But the picture in the US could worsen a lot more and the Citigroup meeting tonight on asset sale is expected to be crucial. The poor weekly figures are: Sensex was down 4.5%, Nifty down 3.5%. BSE Midcap index down 7.5%, BSE Smallcap index down 9.5% over the week. BSE Realty index was down 17.8%, BSE Bankex down 10%, BSE Metal index down 9.3%, BSE IT down 4.6%, BSE Auto index down 4% and BSE FMCG index was down 1.4%.  » Send to friends 4:25 PM - The Asian markets bounced from 5-year lows and European markets traded firm today. It was a good day for the Indian market that closed at the high point of the day. Sensex shut shop at 8915, up 464 points and Nifty at 2693, up 140 points from the previous close. CNX Midcap index was up 0.77% and BSE Smallcap index was up 0.16%. Realty, oil and gas, power and FMCG stocks saw good buying. The market breadth was positive with advances at 646 against declines of 582 on the NSE. Top Nifty gainers included Reliance Infrastructure, Reliance Communications and NTPC while losers included Unitech, DLF and ACC.  » Send to friends 4:21 PM - Buy Praj Industries with a target price of Rs 100 in 12 months, says Vikram Suryavanshi of Karvy Stock Broking, on CNBC Awaaz. The company has an order book of RS 950 crore, he adds. The stock is currently trading at Rs 54, up 0.56% on the BSE.  » Send to friends 4:16 PM - Buy NTPC with a target price of Rs 160 where one can book profits, says Siddharth Bharme of Angel Broking on CNBC Awaaz. Maintain a stop loss of Rs 130, he adds. The stock is currently trading at Rs 150, up 8.8% on the BSE.  » Send to friends 4:10 PM - Sell HUL with a target price of Rs 210, says Manoj Sachdeva of HEM Securities on CNBC Awaaz. Maintain a stop loss of Rs 239, he adds. The stock is currently trading at Rs 235, up 0.32% on the BSE.  » Send to friends 4:05 PM - Sell Tata Chemicals with a target price of Rs 125, says Rajesh Jain of SMC Global on CNBC Awaaz. Maintain a stop loss of Rs 153, he adds. The stock is currently trading at Rs 137, down 4.65% on the BSE.  » Send to friends 3:58 PM - Hold Financial Technologies as it has resistance at Rs 720, says Prakash Gaba, technical analyst, on CNBC Awaaz. Maintain a stop loss of Rs 605, he adds. The stock is currently trading at Rs 645, up 4.95% on the BSE.  » Send to friends 3:51 PM - We are not bearish on the Indian market which is likely to make a higher bottom now, says Bharat Seth of Techno Shares, on NDTV Profit. The market is at a screaming value right now and investors who enter in the market within the next three months will certainly make excellent returns, he adds.  » Send to friends 3:45 PM - Indian market is nearing the end of the bear phase, says Robin Griffiths, technical analyst, on NDTV Profit. The Indian market is currently in the process of finding lows, he says. European markets currently remain oversold, he says. One can expect minor rallies across European indices, he adds.  » Send to friends 3:40 PM - The Indian market moved in tandem with the global rally and closed today at the high point of the day. Sensex closed at 8974, up 523 points (provisional) and Nifty at 2712, up 159 points (provisional) from the previous close. CNX Midcap index was up 1.12% and BSE Smallcap index was up 0.45%. Realty, oil and gas and power stocks saw good buying. The market breadth was positive with advances at 661 against declines of 568 on the NSE.  » Send to friends 3:31 PM - Nifty longs can be carried over the weekend, says Rajat Bosse, technical analyst, on CNBC TV18, as closing market strategy.  » Send to friends 3:29 PM - Sell Ranbaxy with a target price of Rs 190, says Manoj Sachdeva of HEM Securities on CNBC Awaaz. Maintain a stop loss of Rs 224, he adds. The stock is currently trading at Rs 220, up 1.22% on the BSE.  » Send to friends 3:26 PM - Buy Lanco Infra with a target price of Rs 150, says Rajesh Jain of SMC Global on CNBC Awaaz. Maintain a stop loss of Rs 105, he adds. The stock is currently trading at Rs 118, up 4.56% on the BSE.  » Send to friends 3:20 PM - Sell DLF with a target price of Rs 173, says Manoj Sachdeva of HEM Securities on CNBC Awaaz. Maintain a stop loss of Rs 203, he adds. The stock is currently trading at Rs 197, down 3.85% on the BSE.  » Send to friends 3:15 PM - Buy Hindalco with a target price of Rs 63, says Rajesh Jain of SMC Global on CNBC Awaaz. Maintain a stop loss of Rs 46, he adds. The stock is currently trading at Rs 50, up 1% on the BSE.  » Send to friends 3:10 PM - There is a pall of gloom and doom around the world markets, says Sandeep Shah of Sampriti Capital on NDTV Profit. The market tends to move in advance and is likely to bottom out 6-8 months before the economy, he feels. Nifty around 2400-2600 is a good time for long-term investors to accumulate good stocks, he adds.  » Send to friends 3:06 PM - The European markets are trading firm. Positive global cues has led the Indian market to put on some gains. Sensex is trading at 8762, up 311 points and Nifty is at 2654, up 101 points from the previous close. CNX Midcap index is up 0.04% and BSE Smallcap index is down 0.59%. The market breadth is negative with advances at 563 against declines of 653 on the NSE.  » Send to friends 2:59 PM - RBI steps adequate for the moment but the possibility of further rate cuts is not ruled out, says Ashok Chawla, economic advisor, on NDTV Profit. The government is looking seriously to provide rupee funds to infrastructure projects, he says. RBI and government not inclined to tinker with ECB norms at the moment, he says. Infrastructure and export incentives are likely to be announced this month, he adds.  » Send to friends 2:54 PM - Sell United Spirits with a target price of Rs 680, says Manoj Sachdeva of HEM Securities on CNBC Awaaz. Maintain a stop loss of Rs 760, he adds. The stock is currently trading at Rs 688, down 8.20% on the BSE.  » Send to friends 2:46 PM - Buy Bank of Baroda with a target price of Rs 290, says Rajesh Jain of SMC Global on CNBC Awaaz. Maintain a stop loss of Rs 249, he adds. The stock is currently trading at Rs 262, up 0.92% on the BSE.  » Send to friends 2:38 PM - The situation is likely to go out of control in the US further, says Nirmal Jain of India Infoline, on CNBC TV18. The market is likely to continue to see uncertainty for the next six months and then see some recovery, he feels. The market is near the bottom and could see another 500-1000 points downside, he adds.  » Send to friends 2:31 PM - Sell JSW Steel with a target price of Rs 196, says Manoj Sachdeva of HEM Securities on CNBC Awaaz. Maintain a stop loss of Rs 230, he adds. The stock is currently trading at Rs 198, down 10.55% on the BSE.  » Send to friends 2:23 PM - Buy SBI with a target price of Rs 1220, says Rajesh Jain of SMC Global on CNBC Awaaz. Maintain a stop loss of Rs 1090, he adds. The stock is currently trading at Rs 1121, up 2.63% on the BSE.  » Send to friends 2:17 PM - If Nifty breaches 2575 then it could go down to 2525-2550, says Devangshu Dutta, market analyst, on CNBC TV18. The market is looking weak and Nifty is likely to retest 2500 a couple of times, he says. Next week the market is likely to see volatility with one big short covering rally that could take Nifty upto 2800, he adds.  » Send to friends 2:06 PM - The Asian markets recovered a little while European markets are trading mixed. The Indian market is seeing volatility and slipped into the negative briefly with realty sector taking a thrashing. Sensex is trading at 8486, up 35 points and Nifty is at 2556, up 3 points from the previous close. CNX Midcap index is down 1.42% and BSE Smallcap index is down 1.10%, BSE Realty index is down 7.5% and BSE IT index is up 3%. The market breadth is negative with advances at 466 against declines of 744 on the NSE.  » Send to friends 1:56 PM - Rolta has cash holding of Rs 300-400 crore and is expected to maintain revenue growth of 30-40% going forward, reports NDTV Profit. Major revenues are from India and the company is looking at acquisition in the business intelligence space. The stock is currently trading at Rs 166, down 0.86% on the BSE.  » Send to friends 1:48 PM - Kotak Securites maintains a buy call on Lanco Infra with a target of Rs 370, reports CNBC Awaaz. The stock is currently trading at Rs 111, down 1.02% on the BSE.  » Send to friends 1:41 PM - Realty stocks are a sell on rallies, Unitech looks weak and could go down to Rs 30 while HDIL could go down to Rs 75, says Rajat Bose, technical analyst, on CNBC TV18. Unitech is currently trading at Rs 31, down 11.5% and HDIL is trading at Rs 81, down 6.9% on the BSE.  » Send to friends 1:33 PM - Pinc Research maintains a buy call on HEG with a target of Rs 205, reports Zee Business. The stock is currently trading at Rs 124, down 0.95% on the BSE.  » Send to friends 1:25 PM - Sell PNB with a target price of Rs 396, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 443, up 3.03% on the BSE.  » Send to friends 1:17 PM - Sharekhan maintains a buy call on L&T with a target of Rs 1802 in 12-18 months, reports Zee Business. The stock is currently trading at Rs 727, up 2.06% on the BSE.  » Send to friends 1:07 PM - The Asian markets are trading mixed. The Indian market is trading firm after seven days of pain. But midcaps are muted. Sensex is trading at 8652, up 201 points and Nifty is at 2613, up 60 points from the previous close. CNX Midcap index is down 0.09% and BSE Smallcap index is down 0.21% and BSE Realty index is down 4%. The market breadth is negative with advances at 576 against declines of 607 on the NSE.  » Send to friends 12:59 PM - Sharekhan maintains a buy call on Maruti Suzuki with a target of Rs 679, reports CNBC Awaaz. The stock is currently trading at Rs 498, up 3.22% on the BSE.  » Send to friends 12:52 PM - Wipro seems to be trading in the range of Rs 180-280, says PK Agarwal of Bonanza Capital, on Zee Business. So hold with a stoploss at Rs 180, he suggests. It is currently trading at Rs 230.05, up 4.8% on the BSE.  » Send to friends 12:44 PM - Reliance Communications needs to close above Rs 225 for it to give a 'buy' signal, says Sanjeev Agarwal, technical analyst, on CNBC-TV18. But it will face some resistance at Rs 290 and Rs 360, he adds. The stock is currently trading at Rs 191.95, up 5.3% on the BSE.  » Send to friends 12:36 PM - Karvy Stock Broking maintains 'buy' rating on Unichem Laboratories, with a target price of Rs 270, reports CNBC-TV18. The stock is currently trading at Rs 162, up 0.4% on the BSE.  » Send to friends 12:28 PM - Unitech has corrected substantially and it may not fall much further from here, says Rajen Shah of Angel Broking, on CNBC-TV18. On the upside, the stock can give 100-150% returns in the next 2 years, he adds. It is currently trading at Rs 31.60, down over 10% on the BSE.  » Send to friends 12:20 PM - HDFC Bank will face resistance at Rs 1,000-1,100, says Sanjeev Agarwal, technical analyst, on CNBC-TV18. But once this is crossed, then it will see a sharp uptrend and may go up to Rs 1,300-1,400, he adds. The stock is currently trading at Rs 847, up over 3% on the BSE.  » Send to friends 12:13 PM - GDP growth in India will be around 5-6% this year, says Peter Redward, Head of Rates Research for Emerging Asia at Barclays Capital, on CNBC-TV18. The base case scenario for Indian GDP in 2009 is 5.5-6.5% and in bearish case, 4%, he adds. He expects significant rate cuts by RBI and believes that capital flows are likely to remain negative.  » Send to friends 12:05 PM - The market has gained further strength. Sensex is at 8,806, up 355 points from the previous close. Nifty is at 2657, up 104 points. IT, capital goods and power stocks continue to be the favourites, while realty stocks are still being dumped. Top Sensex ganers include TCS, Sterlite Industries and Reliance Communications, while DLF is a loser.  » Send to friends 11:57 AM - Fortis Healthcare will face resistance at Rs 70, but once this is crossed, it can go up to Rs 90, says PK Agarwal of Bonanza Portfolio, on Zee Business. The stock is currently trading at Rs 60.85, up 1.7% on the BSE.  » Send to friends 11:47 AM - One can continue to hold HDFC Bank for another 24 months for 40-50% returns from the current levels, says Rajen Shah of Angel Broking, on CNBC-TV18.The stock is currently trading at Rs 857.80, up 4.3% on the BSE.  » Send to friends 11:38 AM - The upside in ONGC seems to be capped due to crude prices falling, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock will continue to trade in a range of Rs 600-800, he adds. The stock is currently trading at Rs 681, up 4.7% on the BSE.  » Send to friends 11:31 AM - Look at buying L&T close to Rs 700, says PK Agarwal of Bonanza Portfolio, on Zee Business. It is trading in the range of Rs 680-810 for now, he adds. The stock is currently at Rs 740, up 3.9% on the BSE.  » Send to friends 11:23 AM - SBI has support at around Rs 1,000 and on any pullback, can go up to Rs 1,250-1,300, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 1,123.60, up 2.8% on the BSE.  » Send to friends 11:15 AM - If Educomp Solutions falls below Rs 1,500, then the outperformance will end, says Ashwani Gujral, technical analyst, on CNBC-TV18. On the upside, it will face resistance at Rs 2,100, he adds. The stock is currently trading at Rs 1,837, up 4.8% on the BSE.  » Send to friends 11:08 AM - The market continues to have a good day. Sensex is at 8,723, up 272 points from the previous close. Nifty is at 2630, up 77 points. BSE Midcap index is up 1% and BSE Smallcap index, up 0.6%. IT, Capital goods and power are attracting significant buying interest, whereas realty stocks are being dumped.  » Send to friends 11:01 AM - Look at buying SBI between Rs 1,100 and Rs 1,200 for 1-2 years, says PK Agarwal of Bonanza Portfolio, on Zee Business. The stock is currently trading at Rs 1,131.10, up 3.5% on the BSE.  » Send to friends 10:54 AM - As compared to the private sector banks, PSU banks look better as of now, says Ambareesh Baliga of Karvy Stock Broking, on CNBC-TV18. If one needs to choose among the banks, then place your bets on State Bank of India as compared to possibly HDFC Bank now, he suggests. SBI is currently trading at Rs 1,125, up 3% on the BSE.  » Send to friends 10:46 AM - Triveni Engineering can fall to Rs 29-30, says Ashwani Gujral, techical analyst, on CNBC-TV18. On the upside, it will face resistance at Rs 45-46, he adds. The stock is currently trading at Rs 35.05, up 4.2% on the BSE.  » Send to friends 10:38 AM - Realty stocks like Unitech and DLF can fall to new lows, as they have been underperforming the already weak market, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz.  » Send to friends 10:31 AM - JP Associates can re-test lows of Rs 50 now, says Ashwani Gujral, technical analyst, on CNBC-TV18. On the upside, it will face resistance at Rs 75-80, he adds. It is currently trading at Rs 61.05, up 2.5% on the BSE.  » Send to friends 10:25 AM - Reliance Communications can re-test the levels of Rs 155-150, says Ashwani Gujral, technical analyst, on CNBC-TV18. On the upside, it will face resistance at Rs 210-215, he adds. The stock is currently trading at Rs 187.40, up 2.8% on the BSE.  » Send to friends 10:18 AM - If Unitech breaks Rs 26, then it can see levels like Rs 20-18, says Ashwani Gujral, technical analyst, on CNBC-TV18. The stock is currently trading at Rs 32.90, down 6.4% on the BSE.  » Send to friends 10:10 AM - Reliance Capital will see next level close to Rs 350, says Ashwani Gujral, technical analyst, on CNBC-TV18. It needs to get past Rs 515 to gain any strength, he adds. The stock is currently trading at Rs 434.30, up 2.9% on the BSE.  » Send to friends 10:03 AM - The market opened slightly lower, but recovered within seconds, maybe due to short covering. Sensex is currently trading at 8,613, up 162 points from the previous close. Nifty is at 2607, up 54 points.  » Send to friends 9:55 AM - The decline seen now is worst than October, says Ashwani Gujral, technical analyst, on CNBC-TV18. But selling exhaustion is being seen now, so the market may see a couple of days' rally if some announcement comes in, he adds. October low of 2250 on the Nifty will be broken, he says.  » Send to friends 9:48 AM - ICICI Bank can fall further and probably make new lows now, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. The stock is at Rs 320.35 on the BSE.  » Send to friends 9:42 AM - If you have a week's view, then you can short Cairn India, keeping a stoploss above Rs 136, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. The stock is at Rs 129.60 on the BSE.  » Send to friends 9:36 AM - Reliance Industries will face strong resistance at Rs 1,085, where one can short it, says Sudhanshu Pandey of LKP Shares, on CNBC Awaaz. Keep a stoploss above Rs 1,135, he suggests. Below Rs 1,000, some short-covering may be seen in the counter, he adds. The stock is at Rs 1,058.60 on the BSE.  » Send to friends