Stock's Talk: Indian Stock Market BSE NSE

BSE 13850.04 +214.64 +1.57%
NSE 4,159.50 +67.25 +1.62%


The market was circumspect today ahead of the vote of confidence, which is to take place between 5-6 pm tommorrow. Most of the trading session saw a volatile market, but it started gaining late afternoon, due to short covering. Sensex ended at 13,850, up 214 points from the previous close. Nifty shut shop at 4159, up 67 points. CNX Midcap index gained 0.3%, while and BSE Smallcap index lost 0.3%. Banking, healthcare, realty and auto stocks rallied today, while capital goods witnessed selling pressure. BSE IT index closed flat. Top Sensex gainers include Cipla, Maruti Suzuki, ICICI Bank, Ranbaxy, while losers were Satyam Computer, Ambuja Cements, L&T and BHEL, among others.
Public sector banks like SBI, Union Bank and Bank of India are showing good moves, says Hitendra Vasudeo, techncial analyst, on CNBC Awaaz. SBI will face some resistance at Rs 1,400, but can go up to Rs 1,500, he adds. It is at Rs 1,341.95, up over 3% on the BSE.

One can look at buying IDFC between Rs 87 and Rs 74, which is a good support area for the stock, says Hitendra Vasudeo, technical analyst, on CNBC Awaaz. The stock is at Rs 93.40, down over 14% on the BSE.

The market was volatile during the first half of the day, but gained during the second half, thanks to short-covering. Sensex ended at 13,845, up 210 points (provisional) from the previous close. Nifty shut shop at 4158, up 66 points (provisional).

Hold Nifty Longs with a stoploss of 4110 and target of 4185, says Vijay Bhambwani, technical analyst, as market closing strategy, on CNBC-TV18.

Hold on to Nifty Longs with a strict stoploss of 4050, says E Mathew, technical analyst, as market closing strategy, on CNBC-TV18.

Sharekhan recommends 'buy'on ICI India, with a target price of Rs 622, reports CNBC Awaaz. The stock is currently trading at Rs 494.95, down 0.2% on the BSE.

The high for ONGC stands at about Rs 1,335 to Rs 1,480 and the low at Rs 758 to Rs 820, says Ray Barros, CEO, Ray Barros Trading Group, on CNBC-TV18. It is currently trading at Rs 948.70, up 0.7% on the BSE.

The mood in the market is circumspect ahead of the trust vote tommorrow and investors are keeping their positions low, say dealers, reports CNBC-TV18. Incremental flows at the FII desk are negative and the buy-sell ratio is at 2:3, they say. Nifty will now face resistance at 4190 and has support at 4000-4100, they say.

The top for Infosys was at around Rs 2,375 and low at Rs 1,354, says Ray Barros, CEO, Ray Barros Trading Group, on CNBC-TV18. The stock will move to Rs 2375 again, he adds. It is currently trading at Rs 1,554.80, up 0.4% on the BSE.

Educomp Solutions has a target of Rs 4,051, says an expert from Angel Broking, on CNBC-TV18. The stock is currently trading at Rs 2,919, up 2.4% on the BSE.

Marico can be a good buy at Rs 52 for 15-18 month target of Rs 65-70, says Vijay Bhambwani, technical analyst, on CNBC-TV18. Keep a stoploss of Rs 40 on a closing basis, he suggests. The stock is currently trading at Rs 54.35, up 0.2% on the BSE.

India Infoline has a 'buy' rating on Satyam Computer Services, with a year's target price of Rs 445, reports CNBC-TV18. The stock is currently trading at Rs 369.50, down 3.5% on the BSE.

Simplex Infrastructures has a target price of Rs 566, says an expert from Angel Broking, on CNBC-TV18. The company is expected to have a topline growth of 40% and bottomline growth of 60% in the next couple of years, he adds. It is currently trading at Rs 410, up 0.6% on the BSE.

Sensex is at 13,728, up 92 points from the previous close. Nifty is at 4114, up 21 points. CNX Midcap index is flat, with a positive bias, while BSE Smallcap index is down 0.7%. Market breadth is negative with 489 advances against 730 declines on the NSE.

There isn't much clarity in SMS Pharma and one should exit the stock at Rs 280-300, says Shubra Gupta, stock market expert, on Zee Business. The stock is currently trading at Rs 204, down 2.8% on the BSE.

IFCI is a very volatile stock and there isn't much upside from here in the counter, says Shubra Gupta, stock market expert, on Zee Business. Exit the stock at Rs 45-46, she suggests. It is currently trading at Rs 38.25, down 2.8% on the BSE.