Sudarshan Sukhani of s2analytics.com is of the view that one can buy Biocon, Cipla, HCL Technologies and LIC Housing Finance.
The disruptive impact of GST is visible but corporate honchos are hopeful of a rural recovery and consumption revival during the festive season.
Ashwani Gujral of ashwanigujral.com suggests buying Reliance Industries, Indraprastha Gas and Mahanagar Gas.
Prakash Gaba of prakashgaba.com is of the view that BEL can climb to Rs 178 while Reliance Industries may test Rs 930.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy United Spirits, Apollo Tyres and Century Textiles and Industries and can sell Canara Bank and Cummins India.
Ashwani Gujral of ashwanigujral.com recommends buying Hitachi Home, Motilal Oswal, NBCC, Tata Chemicals and Petronet LNG.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries, Petronet LNG and Adani Transmission.
Bank Nifty was marginally in the green, up 0.12 percent but the stock which zoomed was Federal Bank that zoomed 5.38 percent after the company declared strong Q2 numbers while ICICI Bank was up 1 percent.
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.
Hemant Thukral of Aditya Birla Money suggests buying Escorts and Karnataka Bank while Reliance Industries is likely to remain range bound.
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.
Ashwani Gujral of ashwanigujral.com recommends buying Avanti Feeds, Sobha, NBCC, Bata India and Kotak Mahindra Bank.
RIL and IndusInd Bank, among others, are being tracked by investors on Monday.
The Nifty on Friday hit a fresh record high of 10,179.15, backed by banks as the Bank Nifty added 1.53 percent, up 372.30 points. The charge was largely led by Bank of India, Kotak Mahindra Bank and Canara Bank which were up over 2 percent each.
Bank Nifty was the top performing sector which was up 1.32 percent led b y ICICI Bank and Bank of India while on the other hand, from the midcap space, Havells India added 2.28 percent while Power Finance Corporation was up over 3 percent.
The past behavior of stock for the last 5-6 quarters suggest profit booking post result outcome (last quarter was exceptional). The corrective action generally comes in the range of 7-10% percent after result outcome.
In an interview to CNBC-TV18, Rohit Ahuja, Senior VP Research, BOBCAPS shared his expectations from the Reliance Industries Ltd’s (RIL) Q2 earnings.
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.
Reliance Industries and Tata Steel hit new 52-week high while Bharti Airtel zoomed over 6 percent. Avenue Supermarts, Bharat Financial Inclusion, Dabur India, Havells India and JSPL were the other stocks which hit 52-week high in the Nifty.
Ashwani Gujral of ashwanigujral.com recommends buying Edelweiss Financial Services, Jindal Steel & Power, Sundram Fasteners, Hindalco Industries and Havells India.
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.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Strides Shasun, Siemens and Jet Airways and can buy HCL Technologies and Britannia Industries.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Oriental Bank of Commerce, Bank of India and Union Bank of India and can buy Aarti Industries and Century Plyboards.
Sandeep Wagle of powermywealth.com recommends buying Reliance Industries and Tata Chemicals.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries, Indraprastha Gas, HDFC Bank and Avanti Feeds.