The disruptive impact of GST is visible but corporate honchos are hopeful of a rural recovery and consumption revival during the festive season.
The midcap Index which was again the outperformer, up 1.29 percent led by Jain Irrigation Systems and Jaiprakash Associates while Bajaj Auto, ICICI Lombard General Insurance Company, MphasiS and Vedanta were some of few stocks that hit 52-week high on the NSE.
According to Gaurang Shah of Geojit Financial Services, one may hold Bharat Financial Inclusion.
While maintaining buy call with target price of Rs 1,850 per share, Nomura said Bharat Financial merger will not be dilutive for company.
The fall was largely aided by Reliance Industries which was down 0.68 percent. IndusInd Bank was the top Nifty loser down over 2 percent while Godrej Agrovet was the most active stock.
Ashwani Gujral of ashwanigujral.com advises buying Vedanta, Tata Steel and JSW Steel while he feels that Kotak Mahindra Bank is likely to hit Rs 1250.
Bharti Infratel continued its dominant form from last week as the stock was the most active gainer in the Nifty, gaining over 2.47 percent followed by Vedanta and Tata Motors which were up 2.12 percent and 1.71 percent respectively.
RIL and IndusInd Bank, among others, are being tracked by investors on Monday.
IndusInd Bank on Saturday confirmed its acquisition of microfinance institution Bharat Financial Inclusion after over a month of exclusive merger arrangement. In an interview to CNBC-TV18, Digant Haria of Antique Stock Broking and Santosh Singh of Haitong Securities shared their views and reading on the deal and the stocks.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Dabur India, Jindal Steel & Power, National Aluminium Company and Tata Consultancy Services and can sell Bank of Baroda.
Ashwani Gujral of ashwanigujral.com recommends buying Edelweiss Financial Services, Jindal Steel & Power, Sundram Fasteners, Hindalco Industries and Havells India.
TCS, Bharti Airtel and IndusInd Bank, among others, are being tracked by investors on Friday.
Sandeep Wagle of powermywealth.com is of the view that one may book profits in IndusInd Bank.
Vijay Chopra of enochventures.com is of the view that one may sell IndusInd Bank at around Rs 1800.
On the BSE Index, over 100 stocks hit fresh 52-week high including names like Bata India, TVS Motor Company, Dabur India, Deepak Fertilizers, Kolte Patil Developers and Chambal Fertilizers.
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Nifty added on to its morning gains on Thursday with the index inching up 47.45 points at 10,032.80 while the Sensex added 132.86 points at 31,966. Vedanta, Lupin, Sun Pharma along with TCS were some of the top gainers in the Nifty.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy ACC, IndusInd Bank and Just Dial and can hold Jaiprakash Associates while one can sell BHEL.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the trend is still up and there is a good chance that some sluggishness may creep in these upper regions. The crucial support for the Nifty is at 9900 and the resistance is at 10041-10080. On the other hand Bank Nifty has support at 24000 and resistance at 24312-24400.
Prakash Gaba of prakashgaba.com is of the view that Hindustan Unilever may test Rs 1230 while IndusInd Bank may hit Rs 1740.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy IndusInd Bank and PVR while he feels that Trident may test Rs 135.
Ashwani Gujral of ashwanigujral.com advises buying Jubilant Foodworks, Future Consumer, Tata Chemicals and Raymond.
Here is a list of top 5 stocks which can give up to 10% return in the short term.
Ashwani Gujral of ashwanigujral.com advises buying IndusInd Bank, Shoppers Stop and TVS Motor.
Prakash Gaba of prakashgaba.com is of the view that one may prefer IndusInd Bank, HDFC and Ashok Leyland.