If the Nifty fails to cross the immediate resistance of 10,455 can resume the choppy and volatile trading sessions dragging the index lower to levels of 10,155-10,095.
The top Sensex gainers were Videocon which jumped 5 percent followed by INOX Leisure, Vakrangee and Religare, each adding over 3 percent. IFCI added 2.8 percent in the morning trade.
Overall domestic sales increased 35 per cent to 2,14,023 units against 1,59,109 units in February last year, Bajaj Auto said in a statement.
The market breadth was in favour of the advances with 959 stocks advancing while 613 declined and 443 remained unchanged. On the other hand, in the BSE, 1232 stocks advanced and 732 declined and 94 remained unchanged.
ICICI Securities recommended hold rating on Bajaj Auto with a target price of Rs 3400 in its research report dated February 06, 2018.
Edelweiss Securities is bullish on Bajaj Auto has recommended Hold rating on the stock with a target price of Rs 3399 in its research report dated February 5, 2018.
LKP Research is bullish on Bajaj Auto has recommended buy rating on the stock with a target price of Rs 3641 in its research report dated February 05, 2017.
KR Choksey has recommended accumulate rating on Bajaj Auto with a target price of Rs 3504 in its research report dated February 05, 2018.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy ITC and Bajaj Auto and can sell Hindustan Petroleum Corporation.
Bajaj Auto today reported a 46 percent jump in total sales at 3,53,147 units in January against 2,41,917 units in the same month last year. Overall domestic sales increased 50 percent to 2,02,193 units against 1,35,188 units in January last year, Bajaj Auto said in a statement.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bajaj Auto and Biocon and can sell Canara Bank and Chennai Petro.
Bajaj Auto has reported higher ever 3-wheeler sales at 64,200 in first month of the year 2018, rising 113 percent compared to 30,093 units sold in same month last year.
Prakash Gaba of prakashgaba.com recommends buying Bajaj Auto with target at Rs 3450 and stop loss at Rs 3380, JK Tyre with target at Rs 200 and stop loss at Rs 180 and a buy in Mahindra & Mahindra with target at Rs 820 and stop loss at Rs 780.
A list of important headlines from across news agencies that could help in your trade today.
Analysts expect realisations to rise 4.2 percent YoY to Rs 62,022 per unit, driven by improvement in product mix and price hikes taken on November 1.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Ambuja Cements and Bharat Electronics and can buy Bharat Financial Inclusion and Bajaj Auto.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell NTPC and Bharti Infratel and can buy Tata Steel, Sun TV and Sun Pharmaceutical Industries.
Earlier this month, the company had received a notice from the workers union - Vishwa Kalyan Kamgar Sanghatana - for an indefinite hunger strike at the two plants from January 29.
VK Sharma, Head - PCG and Capital Market Strategy at HDFC Securities recommends buying RIL, IndusInd Bank, Tata Steel, Bajaj Auto and Bata India.
Ashwani Gujral of ashwanigujral.com recommends buying HDFC Bank with a stop loss of Rs 1980, target of Rs 2040 and Ashok Leyland with a stop loss of Rs 122, target of Rs 134.
Sandeep Wagle of powermywealth.com recommends buying Bajaj Auto and Zee Entertainment.
Ashwani Gujral of ashwanigujral.com recommends buying Escorts and Mphasis.
Both the 220 cc models get all-new LED DRL (daytime running lights) headlamps, visors, digital consoles and graphics, Bajaj Auto said in a statement.
Axis Direct is bullish on Bajaj Auto has recommended buy rating on the stock with a target price of Rs 3905 in its research report dated January 22, 2018.
The stock moved higher after a trend line break-out, where its short-term moving averages and break-out line worked as key reversal point and helped it to continue the northward journey.