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.
Net Sales are expected to increase by 59.4 percent Y-o-Y (up 23.3 percent Q-o-Q) to Rs. 6181 crore, according to Edelweiss.
"Corrosion has been one of the major areas of concern for Railways.... The corrosion and deterioration of fish plates and rails has been identified as few reasons for such accidents," HZL CEO Sunil Duggal has said in a letter to the railways ministry.
According to Technical Analyst Prakash Gaba of prakashgaba.com, any move above 9946 would propel the Nifty to 10041-10080 zones but looks like the Index is into a pause mode and so a dip is acceptable as long as 9850 holds.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy NMDC, Bata India, Hindustan Unilever and Petronet LNG and can sell Wockhardt.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy GAIL India, Hindustan Zinc and Mindtree and can sell Pidilite Industries and Strides Shasun.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on specific stocks and sectors.
Ashwani Gujral of ashwanigujral.com recommends buying Avanti Feeds, TV Today, GAIL India, KRBL and Hindustan Zinc.
According to Mitessh Thakkar of miteshthacker.com, one can buy HCL Technologies and Hindustan Zinc.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Ashok Leyland, GAIL India and Hindustan Zinc and can sell Amara Raja Batteries.
Sudip Bandhopadhyay, Market Expert recommends buying NMDC, Hindustan Zinc and GMDC.
ICICI Direct has recommended buy rating on Hindustan Zinc with a target price of Rs 335 in its research report dated 1 September 2017.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Bank of Baroda and Tata Motors and buy Vedanta, M&M Financial Services and Indraprastha Gas.
As traders turn cautious over the geopolitical issues coupled with the domestic headlines, the market is expected to ride on the volatile regime with a negative outlook in the short-term unless it witnesses favourable events.
Hindustan Zinc surges in trade on the back of an overnight rally in metal prices. In an interview to CNBC-TV18, Sunil Duggal, MD & CEO of Hindustan Zinc spoke about the latest happenings in his company and sector.
Mitessh Thakkar of miteshthacker.com is of the view that metal stocks like Hindustan Zinc, JSW Steel and Hindalco Industries should see upside momentum.
Ashwani Gujral of ashwanigujral.com recommends buying Tata Global Beverage and Hindustan Zinc while he feels that PC Jeweller and Titan Company should rally further.
According to Sudarshan Sukhani of s2analytics.com, one can buy Yes Bank, Hindustan Zinc and Indraprastha Gas and sell Apollo Hospitals Enterprises while one can avoid HDIL.
The leading zinc producer is also expanding metal production capacity to 1.2 million tonnes (MT) by 2019-20 from around 1 million ton at present.
According to Ashwani Gujral of ashwanigujral.com, one can sell Cadila Healthcare and Just Dial and buy Hindustan Zinc.
Reliance Securities recommended hold rating on Hindustan Zinc with a target price of Rs 301 in its research report dated July 20, 2017.
Prakash Gaba of prakashgaba.com is of the view that some sideways action is not ruled out. The crucial support for the Nifty is at 9920 and the resistance is at 10036-10069. On the other hand, Bank Nifty has support at 24775 and resistance at 25550.
Bulls continue their dominance on D-Street and it becomes important for investors to park their money in names which can give steady returns in short to medium term.
ICICI Direct has recommended buy rating on Hindustan Zinc with a target price of Rs 310 in its research report dated July 21, 2017.