Running commentary of the markets will resume when they open on Monday, 30 January
4:25 PM - It was another week of positive closing with both benchmark and all sectoral indices closing in the green. CRR cut by RBI also played important role in the robust performance as all interest rate sensitive sectors made significant gains. The Sensex was up 3% while the Nifty also gained 3% during the week. The CNX Midcap index was up 4%, the BSE Smallcap index gained 3.5% and the Bank Nifty was up 3%. The BSE Capital Goods gained 5.5%, BSE Auto was up 4.3% while BSE OilGas closed with 3% gain over the week. The BSE Metal gained 3.7% and BSE IT was up 4%. The top Nifty gainers during the week were SAIL, Sesa Goa, Reliance Infra and L & T. » Send to friends
4:20 PM - The markets closed with significant gains today with Nifty closing above its psychologically important level of 5200. Oil & gas, consumer durables, tech and metal were the lead gainers while realty remained the biggest laggard in today's session. The Sensex closed at 17234, up 157 points from its previous close, and the Nifty shut shop at 5205, up 46 points. The CNX Midcap index closed with 0.5% gain while the BSE Smallcap index was up 1.3% in today's trade. The market breadth was positive with advances at 930 against declines of 461 on the NSE. The top Nifty gainers were Sesa Goa, SAIL, Sterlite Industries and Grasim while the biggest losers included Ranbaxy, PNB, DLF and JP Associates. » Send to friends
4:15 PM - Buy Bajaj Auto with a target of Rs 1759, says Ajay Sethiya of Centrum Broking on ET Now. » Send to friends
4:10 PM - Buy IRB Infra with a 12-month target of Rs 235 and stop loss of Rs 150, says Jagdeesh Thakkar of Fortune Fiscal on CNBC Awaaz. » Send to friends
4:05 PM - Hold Sintex Industries with a stop loss of Rs 79 and 10% gains from current levels, says Kunal Saraogi, technical analyst, on CNBC Awaaz. » Send to friends
4:00 PM - Buy IRB Infra with a target of Rs 190 and stop loss of Rs 166, says Rakesh Bansal, technical analyst, on CNBC Awaaz. » Send to friends
3:55 PM - Buy ONGC at Rs 240-250 with a 12-16 month target of Rs 345-355, says Gaurang Shah of Geojit BNP Paribas on Zee Business. » Send to friends
3:50 PM - Buy Amruntanjan with a 15-20 day target of Rs 900 and stop loss of Rs 740, says Rakesh Bansal, technical analyst, on CNBC Awaaz. » Send to friends
3:45 PM - Buy Mahindra & Mahindra with a target of Rs 725 and stop loss of Rs 688, says Mitesh Thacker, technical analyst, on ET Now. » Send to friends
3:40 PM - Buy Balrampur Chini with a target of Rs 51-52 and stop loss of Rs 42, says Rakesh Bansal, technical analyst, on CNBC Awaaz. » Send to friends
3:33 PM - The markets performed well today with oil & gas being the lead gainer. The Sensex closed at 17211 (provisional), up 134 points from its previous close, and the Nifty closed at 5203 (provisional), up 45 points. The CNX Midcap index was up 0.6% and the BSE Smallcap index gained 1.2%. The market breadth was positive with advances at 903 against declines of 479 on the NSE. » Send to friends
3:27 PM - Buy Dish TV with a target of Rs 68 and stop loss of Rs 61, says Mitesh Thacker, technical analyst, on ET Now. The counter is currently trading at Rs 63.45, up 3.2% on the BSE. » Send to friends
3:24 PM - Buy Fortis Healthcare with a target of Rs 113 and stop loss of Rs 101, says Ashwani Gujral, technical analyst, on ET Now. The stock is currently trading at Rs 105.75, up 7% on the BSE. » Send to friends
3:21 PM - Buy Shree Renuka with a target of Rs 42 and stop loss of Rs 36.50, says Rakesh Bansal, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 39.25, up 6.7% on the BSE. » Send to friends
3:18 PM - Buy Zee Entertainment with a target of Rs 135 and stop loss of Rs 124.35, says Mitesh Thacker, technical analyst, on ET Now. The counter is currently trading at Rs 128.15, up 2.8% on the BSE. » Send to friends
3:15 PM - Sell Bank of Baroda with a target of Rs 740 and stop loss of Rs 785, says Ashwani Gujral, technical analyst, on ET Now. The stock is currently trading at Rs 756.50, down 4.2% on the BSE. » Send to friends
3:13 PM - Buy Bank of India with a target of Rs 375-377 and stop loss of Rs 345, says Rakesh Bansal, technical analyst, on CNBC Awaaz. The counter is currently trading at Rs 351.80, up 2.9% on the BSE. » Send to friends
3:10 PM - Sell Adani Power with a target of Rs 77 and stop loss of Rs 89, says Ashwani Gujral, technical analyst, on ET Now. The counter is currently trading at Rs 84.45, down 4.6% on the BSE. » Send to friends
3:08 PM - The markets are trading with significant gains with metal and oil & gas being the best performers. The Sensex is trading at 17242, up 165 points from its previous close, and the Nifty is at 5208, up 50 points. The CNX Midcap index is up 0.6% while the BSE Smallcap index has gained 1.3% till now. The market breadth is positive with advances at 958 against declines of 429 on the NSE. » Send to friends
3:00 PM - Sell BHEL with a target of Rs 255 and stop loss of Rs 280, says Ashwani Gujral, technical analyst, on ET Now. The counter is currently trading at Rs 274.90, down 2.4% on the BSE. » Send to friends
2:55 PM - Buy Hindustan Zinc with a target of Rs 141 and stop loss of Rs 129, says Ashwani Gujral, technical analyst, on ET Now. The stock is currently trading at Rs 134.25, up 4.6% on the BSE. » Send to friends
2:50 PM - Buy Arvind with a target of Rs 98 and stop loss of Rs 87, says Ashwani Gujral, technical analyst, on ET Now. The counter is currently trading at Rs 92.75, up 5.5% on the BSE. » Send to friends
2:45 PM - Sell Ranbaxy with a target of Rs 422 and stop loss of Rs 557, says Santosh Kumar Singh of Fortune Interfinance on CNBC Awaaz. The stock is currently trading at Rs 445.55, down 6.2% on the BSE. » Send to friends
2:40 PM - Buy Sesa Goa with targets of Rs 221 and Rs 236 and stop loss of Rs 207, says Santosh Kumar Singh of Fortune Interfinance on CNBC Awaaz. The stock is currently trading at Rs 213.60, up 6.8% on the BSE. » Send to friends
2:33 PM - Buy Dena Bank above Rs 68 with targets of Rs 70 and Rs 72 and stop loss of Rs 65, says CapitalVia. The stock is currently trading at Rs 67, up 0.5% on the BSE. » Send to friends
2:30 PM - Bharti Airtel can show the levels of Rs 405-410 in short term, says Rakesh Bansal, technical analyst, on CNBC Awaaz. » Send to friends
2:24 PM - Hold Bharti Airtel February Futures with a stop loss of Rs 370, says Abhinay Jain of Sharekhan on Zee Business. » Send to friends
2:20 PM - Sell LIC Housing Finance February Futures at current levels, says Abhinay Jain of Sharekhan on Zee Business. » Send to friends
2:16 PM - Sell JSW Steel February Futures with a 4-5 day target of Rs 620 and stop loss of Rs 675, says Somil Mehta of Sharekhan on CNBC Awaaz. » Send to friends
2:12 PM - Sell Axis Bank February Futures with a 4-5 day target of Rs 1000 and strict stop loss of Rs 1085, says Somil Mehta of Sharekhan on CNBC Awaaz. » Send to friends
2:08 PM - Europe has opened in the red and is trading lower but the Indian market is still looking positive though trading with modest gains. Sensex is at 17145, up 68 points from its previous close, and Nifty is at 5180, up 22 points. CNX Midcap index is up 0.4% and BSE Smallcap index is up 1%. The market breadth is positive with advances at 892 against declines of 469 on the NSE. » Send to friends
1:58 PM - Buy Infosys below Rs 2600 with a 12-24 month target of Rs 3350, says Gaurang Shah of Geojit BNP Paribas on Zee Business. The stock is currently trading at Rs 2715.55, up 2.1% on the BSE. » Send to friends
1:54 PM - Sell Hindalco January Futures with a 4-5 day target of Rs 136 and strict stop loss of Rs 148, says Somil Mehta of Sharekhan on CNBC Awaaz. The stock is currently trading at Rs 143.60, up 1.1% on the BSE. » Send to friends
1:49 PM - The RBI surprised the market positively by cutting the CRR by 50 bps to ease the liquidity conditions, says Mahesh Nandurkar of CLSA on CNBC TV18. He however thinks the non-core inflation still remains sticky. The market and the rupee have both reversed losses on partial easing of global liquidity and value buying and we would wait for more confirmation to be fundamentally constructive, he adds. » Send to friends
1:44 PM - Hold Delta Corp with targets of Rs 95 and 110 and stop loss of Rs 62, says Rajat Bose, technical analyst, on ET Now. The stock is currently trading at Rs 76, up 0.7% on the BSE. » Send to friends
1:39 PM - Hold VIP Industries with targets of Rs 170 and 190 and stop loss of Rs 88, says Rajat Bose, technical analyst, on ET Now. The stock is currently trading at Rs 114.15, up 3.3% on the BSE. » Send to friends
1:34 PM - Buy Future Capital at Rs 120-125 with a target of Rs 150-155, says Aashish Tater of Fort Share Broking on CNBC Awaaz. The stock is currently trading at Rs 136.10, up 3.1% on the BSE. » Send to friends
1:27 PM - Buy BHEL above Rs 296 with targets of Rs 325 and 330 and stop loss of Rs 283.40, says Sarvendra Srivastav, independent market analyst, on NDTV Profit. The stock is currently trading at Rs 274.70, down 2.5% on the BSE. » Send to friends
1:21 PM - Buy Sintex Industries with a target of Rs 86 and stop loss of Rs 75, says Rajesh Satpute, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 82.30, up 4.6% on the BSE. » Send to friends
1:17 PM - Buy Reliance Infrastructure with a target of Rs 536 and stop loss of Rs 506, says Deepak Mohoni, technical analyst, on ET Now. The stock is currently trading at Rs 524.40, up 2% on the BSE. » Send to friends
1:06 PM - It is still good going for the largecaps but the midcap and smallcap indices are outperforming. Sensex is trading at 17177, up 100 points from its previous close, and Nifty is at 5188, up 30 points. CNX Midcap index is up 0.4% and BSE Smallcap index is up 1.1%. The market breadth is positive with advances at 917 against declines of 439 on the NSE. » Send to friends
12:58 PM - Sell BEL with a target of Rs 1355 and stop loss of Rs 1436, says Mitesh Thacker, technical analyst, on ET Now. The stock is currently trading at Rs 1434.40, up 0.3% on the BSE. » Send to friends
12:53 PM - Canara Bank has come out with its Q3 results with net profit at Rs 875.56 crores versus Rs 1105.73 crores (YoY), NII at Rs 1918.55 crores versus Rs 2119.2 crores while gross NPAs is at 1.81% versus 1.44% (YoY), reports NDTV Profit. The stock is currently trading at Rs 469.25, down 2.2% on the BSE. » Send to friends
12:47 PM - Despite the current excitement on CRR cut by the RBI, the Sensex may dip closer to 14500 on disappointing GDP and earnings growth, says Jyotivardhan Jaipuria of BofA ML on CNBC TV18. However, we reiterate our CY12 Sensex target of 19000 as rate cuts could kick-start growth, he adds. His top picks are HDFC Bank, ICICI Bank, Lupin, Maruti and Sun Pharma. » Send to friends
12:38 PM - Buy BHEL at Rs 235-240 with a 12-16 month target of Rs 325-335, says Gaurang Shah of Geojit BNP Paribas on Zee Business. The stock is currently trading at Rs 272.60, down 3.2% on the BSE. » Send to friends
12:31 PM - Buy 75 Call Option of Jaiprakash Associates at Rs 3.4, sell 80 Call at Rs 1.80 and sell 85 Call at Rs 0.80 with a stop loss of Rs 89 for maximum profits of Rs 4.2 if the stock expires between Rs 80-85, says Abhinay Jain of Sharekhan on NDTV Profit. The stock is currently trading at Rs 71.40, down 1.6% on the BSE. » Send to friends
12:25 PM - Nifty F&O Call: Sell with a 2-3 day target of 5050 (spot level) and stop loss of 5220 (spot level), says Parsh Zaveri of Zaveri Investment on CNBC Awaaz. » Send to friends
12:23 PM - Nifty F&O Call: Buy with a 2-3 day target of 5225 (spot level) and stop loss of 5125 (spot level), says Nirav Vakharia of Globe Capital on CNBC Awaaz. » Send to friends
12:18 PM - Nifty F&O Call: Sell with a target of 5050 (spot level) and stop loss of 5230 (spot level), says Somil Mehta of Sharekhan on CNBC Awaaz. » Send to friends
12:15 PM - Nifty F&O Call: Buy below 5140 with a 2-3 day target of 5240 (spot level) and stop loss of 5115 (spot level), says JK Doshi, technical analyst, on CNBC Awaaz. » Send to friends
12:12 PM - Nifty F&O Call: Buy with a 1-2 day target of 5250 (spot level) and stop loss of 5135 (spot level), says Kunal Saraogi, technical analyst, on CNBC Awaaz. » Send to friends
12:08 PM - Buy IRB Infra above Rs 177 with targets of Rs 181-184 and stop loss of Rs 168, says CapitalVia. The stock is currently trading at Rs 174, up 3.5% on the BSE. » Send to friends
12:05 PM - The market is seeing small profit taking but the bias still looks positive. Sensex is trading at 17149, up 72 points from its previous close, and Nifty is at 5177, up 19 points. CNX Midcap index is up 0.3% and BSE Smallcap index is up 0.9%. The market breadth is positive with advances at 907 against declines of 443 on the NSE. » Send to friends
11:59 AM - Sell Bharti Airtel below Rs 354 with a 5-6 day target of Rs 330 and stop loss of Rs 362, says Shardul Kulkarni of Angel Broking on CNBC TV18. The stock is currently trading at Rs 368.75, up 2.6% on the BSE. » Send to friends
11:52 AM - Sell YES Bank with a target of Rs 312 and stop loss of Rs 336, says Rajesh Satpute, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 323.50, down 1.3% on the BSE. » Send to friends
11:46 AM - Buy Motherson Sumi with a target of Rs 170 and stop loss of Rs 150, says Pradip Hotchandani of Anagram Stock Broking on Zee Business. The stock is currently trading at Rs 157, up 1.6% on the BSE. » Send to friends
11:40 AM - Buy Tata Motors with targets of Rs 255 and 260 and stop loss of Rs 219, says Sarvendra Srivastav, independent market analyst, on NDTV Profit. The stock is currently trading at Rs 236.45, up 2.6% on the BSE. » Send to friends
11:35 AM - Sell HCL Technologies with a target of Rs 412 and stop loss of Rs 428, says Deepak Mohoni, technical analyst, on ET Now. The stock is currently trading at Rs 424.15, up 0.9% on the BSE. » Send to friends
11:28 AM - Buy Infosys with a target of Rs 2750 and stop loss of Rs 2620, says Sudarshan Sukhani, technical analyst, on CNBC TV18. The stock is currently trading at Rs 2703.40, up 1.6% on the BSE. » Send to friends
11:20 AM - Buy Infosys with a target of Rs 2755 and stop loss of Rs 2630, says Ashwani Gujral, technical analyst, on ET Now. The stock is currently trading at Rs 2702, up 1.6% on the BSE, » Send to friends
11:12 AM - Buy ACC with targets of Rs 1215-1225 and stop loss of Rs 1185, says CapitalVia. The stock is currently trading at Rs 1204.20, up 2.6% on the BSE. » Send to friends
11:06 AM - Strength continues in the market based on buying seen in IT and energy stocks but FMCG is seeing some cuts. Sensex is trading at 17204, up 127 points from its previous close, and Nifty is at 5192, up 34 points. CNX Midcap index is up 0.9% and BSE Smallcap index is up 1.5%. The market breadth is positive with advances at 1021 against declines of 295 on the NSE. » Send to friends
11:00 AM - Buy EKC with a target of Rs 41 and stop loss of Rs 33, says Ashwani Gujral, technical analyst, on ET Now. The stock is currently trading at Rs 38.20, up 6.7% on the BSE. » Send to friends
10:55 AM - Buy Sesa Goa with a target of Rs 221 and stop loss of Rs 194, says Santosh Kumar Singh, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 212.80, up 6.4% on the BSE. » Send to friends
10:49 AM - Buy Voltas with a target of Rs 115 and stop loss of Rs 89, says Sudarshan Sukhani, technical analyst, on CNBC TV18. The stock is currently trading at Rs 98.55, up 1.4% on the BSE. » Send to friends
10:42 AM - Buy Delta Corp with a target of Rs 79 and stop loss of Rs 74.50, says Deepak Mohoni, technical analyst, on ET Now. The stock is currently trading at Rs 77.35, up 2.5% on the BSE. » Send to friends
10:37 AM - Sell Ranbaxy below Rs 445-440 with a target of Rs 370 and stop loss above Rs 445, says Rajesh Satpute, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 451.90, down 4.9% on the BSE. » Send to friends
10:30 AM - The market is likely to trade in a range with support at 5130 and resistance at 5202, says Prakash Gaba, technical analyst, on Zee Business. Once 5202 is crossed then we could see some more short covering in the market, he adds. » Send to friends
10:21 AM - Buy Bata India with a target of Rs 645 and stop loss of Rs 615, says Prakash Gaba, technical analyst, on Zee Business. The stock is currently trading at Rs 638.30, up 1.9% on the BSE. » Send to friends
10:14 AM - Buy Chambal Fertilisers with a target of Rs 88 and stop loss of Rs 81, says Mitesh Thacker, technical analyst, on ET Now. The stock is currently trading at Rs 83.60, up 0.9% on the BSE. » Send to friends
10:03 AM - After a strong start, the market has taken a small dip but is still trading with good gains. Sensex is at 17165, up 88 points from its previous close, and Nifty is at 5179, up 21 points. CNX Midcap index is up 0.6% and BSE Smallcap index is up 0.9%. » Send to friends
9:59 AM - Buy Sintex Industries with targets of Rs 90 and 92 and stop loss of Rs 73.40, says Sarvendra Srivastav, independent market analyst, on NDTV Profit. The stock is currently trading at Rs 81.30, up 3.3% on the BSE. » Send to friends
9:52 AM - Buy Mercator Ltd. with a target of Rs 29 and stop loss of Rs 22, says Ashwani Gujral, technical analyst, on ET Now. The stock is currently trading at Rs 24.80, up 1.4% on the BSE. » Send to friends
9:46 AM - Buy Jaiprakash Associates with targets of Rs 74 and 76 and stop loss of Rs 70, says Imtiaz Qureishi, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 73.35, up 1.1% on the BSE. » Send to friends
9:40 AM - Buy Shree Renuka Sugars with a target of Rs 40 and stop loss of Rs 36, says Prakash Gaba, technical analyst, on Zee Business. The stock is currently trading at Rs 38.25, up 3.9% on the BSE. » Send to friends
9:34 AM - Buy BF Utilities above Rs 380 with a 3-4 day target of Rs 415 and stop loss of Rs 368, says Alpesh Furiya, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 381.70, up 2.2% on the BSE. » Send to friends
9:27 AM - Sell Mahindra & Mahindra below Rs 681 with a target of Rs 650 and stop loss of Rs 692, says Shardul Kulkarni of Angel Broking on CNBC TV18. The stock is currently trading at Rs 687, up 0.1% on the BSE. » Send to friends
9:20 AM - The Indian market opens for trade this morning on a steady note and with broad gains. Earlier, the US markets ended lower with the Dow down 22 and Nasdaq down 13 odd points while Asia is in the green at this hour. Sensex is trading at 17206, up 129 points from its previous close, and Nifty is at 5194, up 35 points. CNX Midcap index is up 0.6% and BSE Smallcap index is up 0.04%. The market breadth is positive with advances at 549 against declines of 141 on the NSE. » Send to friends
9:14 AM - Buy Petronet LNG at Rs 163 with an intra-day target of Rs 169 and stop loss of Rs 160, says Hemen Kapadia, technical analyst, on CNBC TV18. » Send to friends
9:07 AM - The pre-opening session of the market begins with the Nifty and Sensex indicating a start in the green today. The SGX Nifty is at 5220, down 22 points. Normal trading will start at 9.15 am. » Send to friends
9:01 AM - Sell SBI at Rs 2060 with an intra-day target of Rs 2040 and stop loss of Rs 2070, says Hemen Kapadia, technical analyst, on CNBC TV18. » Send to friends
8:57 AM - Buy SCI with a target of Rs 73 and stop loss of Rs 61, says Ashwani Gujral, technical analyst, on ET Now. » Send to friends
8:48 AM - Buy Shree Renuka Sugars with a target of Rs 41 and stop loss of Rs 34, says Ashwani Gujral, technical analyst, on ET Now. » Send to friends
8:40 AM - Today, the Nifty will remain positive if it stays above 5154, says Ashwani Gujral, technical analyst, on ET Now. Positional traders should buy on dips to 4920-5000 but day traders could buy on every 50 point dip with a 50 point stop loss, he adds. » Send to friends
8:39 AM - The trend of the market is up but we are coming in for a bit of a consolidation, says Mitesh Thacker, technical analyst, on ET Now. The level of 5200 could be crossed but within a day or two, a stronger and longer correction could come, he adds. » Send to friends
8:32 AM - Buy Apollo Tyres with a target of Rs 74.50 and stop loss of Rs 66, says Mitesh Thacker, technical analyst, on ET Now. » Send to friends
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