Telecom companies will submit undertaking to pay AGR dues as per Supreme Court order and will pay 10 percent upfront.
The BSE mid-cap index was up 0.28 percent, while the small-cap index fell 1.10 percent and the BSE large-cap index was down 0.22 percent in the past week.
SBI Mutual Fund purchased 39 lakh shares of Crompton Greaves Consumer Electricals at Rs 212.5 per share while Nordea 1 Sicav was the seller, offloading 77,57,531 shares at Rs 212.55 per share on BSE.
It has been consolidating after this recent upside and went till Rs 13, which is a 50-DMA, says Arpan Shah of Monarch Networth Capital.
In coming days, Nifty may find some supply pressure once we reach 10,880-10,900 zone as it has formed multiple bottoms at this level in the past and now this level may act as resistance, Arpan Shah of Monarch Networth Capital said
The rupee's fall is technical in nature and should be viewed in accordance with happenings across the globe.
There was a lot of stock specific action in the small, mid and largecaps which kept traders busy in last week.
Mitessh Thakkar of mitesshthakkar.com recommends buying Bajaj Finance with a stop loss of Rs 2099 and target of Rs 2160 and Indian Oil Corporation with a stop loss of Rs 166 and target of Rs 180.
Abhishek Mondal of Guiness Securities advises buying Bharat Petroleum Corporation with a target of Rs 438.
Bulls were in charge of D-Street in an action-packed week. Benchmark indices broke above key resistance levels on strong results from India Inc. except for Axis Bank. Falling rupee kept the IT and pharma pack buzzing.
Mitessh Thakkar of mitesshthakkar.com advises buying Mahindra & Mahindra and feels that Reliance Communications is likely to head to Rs 28.
According to Prakash Gaba of prakashgaba.com, one may hold Reliance Communications.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy NCC and IndusInd Bank and can sell Reliance Communications.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Ashok Leyland, NMDC and JSW Steel.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Reliance Communications at around Rs 23.
What a dream run it has been for the Indian equity market in 2017 - and who would have thought. If we rewind back and talk about all the gloom and doom that were surrounding us back in December of 2016; demonetisation and impending huge indirect tax reform. Well, the Indian market has come a long way and come on top. In this CNBC-TV18 special show '18 for 18', SP Tulsian of sptulsian.com gave top stock ideas for 2018.
What a dream run it has been for the Indian equity market in 2017 - and who would have thought. If we rewind back and talk about all the gloom and doom that were surrounding us back in December of 2016; demonetisation and impending huge indirect tax reform. Well, the Indian market has come a long way and come on top.
Sudarshan Sukhani of s2analytics.com advises buying Biocon, Havells and Maruti Suzuki.
Rajat Bose of rajatkbose.com suggests buying Bajaj Finance, Exide Industries and V-Guard Industries.
Gaurang Shah of Geojit Financial Services is of the view that one can bet on Tata Global Beverage and Idea Cellular.
Analysts were expecting some sort of bounce back which has come considering the fact benchmark indices were trading near crucial support levels.
Prakash Gaba of prakashgaba.com is of the view that one can buy JK Paper and PVR and can short Reliance Communications.
Mitessh Thakkar of miteshthacker.com has a buy on Andhra Bank with a stop loss of Rs 61 for target of Rs 67.50 and a sell on Cadila Healthcare with a stop loss of Rs 472.50 for target of Rs 445.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the crucial support for the Nifty is at 10240-10184 and the resistance is at 10380-10400. Bank Nifty on the other hand Bank Nifty has support at 25300 and resistance at 25800.
Shares of Bharti Airtel rose 0.7 percent and was trading at Rs 500.85 per share while Idea Cellular added 0.36 percent, trading at 98.45 per scrip. However, Reliance Communications was trading at 3.67 percent lower while on the other hand Tata Communications rose 1.39 percent and was trading at 727.45 per share.