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The 30-share BSE Sensex recovered 300 points from day's low to end 77.01 points higher at 36,347.08, continuing uptrend for the sixth consecutive session.
The 50-share NSE Nifty gained 20.30 points at 10,908.70, forming bullish candle on the daily scale.
"Nifty index partial filled its previous day’s gap and formed a bullish candle on a daily scale which indicates that decline is being bought in the market. The index has been shifting its support to higher zones and given a highest daily close in last 52 trading sessions since October 1, 2018," Chandan Taparia, Associate Vice President | Analyst-Derivatives, Motilal Oswal Financial Services told Moneycontrol.
The broader markets also traded in line with frontliners as the Nifty Midcap index gained 0.4 percent. Major sectoral indices like Bank, Auto, Metal and Pharma gained 0.5-0.8 percent whereas IT lost a percent.
After six-day gains, the market is expected to consolidate and some amount of profit taking can't be ruled out in coming sessions, experts said.
India Volatility Index fell by 4.32 percent to 14.50 levels. VIX has seen a sharp cut of 32.50 percent in last five sessions which suggests that now bulls are getting a grip on the market with the expectation of limited downside.
In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:
Ashwani Gujral of ashwanigujral.com
Buy Capital First with a stop loss of Rs 560, target of Rs 585
Buy Delta Corp with a stop loss of Rs 252, target of Rs 267
Buy Bajaj Finance with a stop loss of Rs 2500, target of Rs 2620
Buy Interglobe Aviation with a stop loss of Rs 1090, target of Rs 1150
Buy Asian Paints with a stop loss of Rs 1330, target of Rs 1400
Sudarshan Sukhani of s2analytics.com
Buy Siemens with stop loss at Rs 970 and target of Rs 1005
Buy V-Guard Industries with stop loss at Rs 214 and target of Rs 224
Buy Chennai Petroleum Corporation with stop loss at Rs 285 and target of Rs 298
Buy Hexaware Tech with stop loss at Rs 330 and target of Rs 344
Sell CESC with stop loss at Rs 698 and target of Rs 675
Mitessh Thakkar of mitesshthakkar.com
Buy Bajaj Finance with a stop loss of Rs 2508 and target of Rs 2585
Buy Berger Paints with a stop loss of Rs 322.5 and target of Rs 340
Buy Indian Bank with a stop loss of Rs 238.5 and target of Rs 255
Buy Asian Paints with stop loss of Rs 1342 and target of Rs 1380
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com/CNBC-TV18 are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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