Yesterday the rupee climbed to 2-month high on the back of low crude oil prices and strong foreign fund inflows.
Foreign research house Morgan Stanley has maintained equal-weight call on the stock with a target of Rs 759 per share.
Glenmark Pharmaceuticals Inc., USA has been granted final approval by the United States Food & Drug Administration (USFDA) for Teriflunomide tablets.
Bhatt, who was an external expert on the Search and Selection Committee (S&SC), resigned with "immediate effect" as "there may be a potential conflict of interest", the bank added.
Among sectors, there is strength visible in the pharmaceutical names along with IT and automobile names.
Mitessh Thakkar of mitesshthakkar.com suggests buying Axis Bank with a stop loss of Rs 617 and target of Rs 645, Colagate Palmolive with a stop loss of Rs 1114 and target of Rs 1160 and IRB Infra above Rs 145 with stop loss of Rs 141.5 and target of Rs 154.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 34.5 points or 0.32 percent. Nifty futures were trading around 10,656-level on the Singaporean Exchange.
has surpassed important resistance of 25,900 levels and closed above the same which is a positive development, says Hadrien Mendonca of IIFL.
Rajesh Agarwal of AUM Capital recommends buying Hero MotoCorp with stop loss at Rs 2890 and target of Rs 2960, Just Dial with stop loss at Rs 497 and target of Rs 528 and Siemens with stop loss at Rs 904 and target of Rs 975.
A list of important headlines from across news agencies that could help in your trade today.
Bank of Baroda | Sumeet Industries | SRF | Infosys | Venus Remedies | Sical Logistics | SREI Infrastructure and Tata Investment Corporation are stocks which are in the news today.
MSCI's broadest index of Asia-Pacific shares outside Japan was ahead 0.15 percent in very early trade, while Nikkei futures pointed to a firmer opening.
The index has to continue to hold above 10,550 zones to witness an up move towards 10,650 then 10,750 zones.
The Dow Jones Industrial Average rose 208.77 points, or 0.83 percent, to 25,289.27 and the Nasdaq Composite added 122.64 points, or 1.72 percent, to 7,259.03.
According to bulk deal data available with the National Stock Exchange (NSE) ING off-loaded a total of 1,27,45,702 stocks of Kotak Mahindra Bank.
India VIX fell 1.47 percent to 18.55 levels. However, VIX has to cool down below 16 zones to get the next leg of smooth upside rally in the market.
Strong execution of electro-mechanical projects offset the disadvantage of weak AC sales in the quarter gone by.
At the close of market hours, the Sensex closed up 118.55 points or 0.34% at 35260.54, and the Nifty up 40.40 points or 0.38% at 10616.70.
India VIX fell 1.47 percent to 18.55 levels. However VIX has to cool down below 16 zones to get the next leg of smooth upside rally in the market.
Stocks of major Indian carriers took a hit in the second quarter, due to varied reasons, impacting over growth in the sector.
Adani Ports, Tata Motors, Axis Bank, Kotak Mahindra Bank and Hero Motocorp are the top gainers on the Sensex.
Deutsche Bank has maintained buy rating on the stock with a target at Rs 1,320 per share.
The breadth of the market favoured the declines with 744 stocks advancing and 951 declining while 364 remained unchanged. On the BSE, 1078 stocks advanced, 1414 declined and 142 remained unchanged.
The worst fall was seen in 2008 when the index plunged 12% followed by 2011 when it saw a decline of 7.7%
Ambuja Cements and HDFC Bank are the top picks in this bout of buoyancy in the market.