Sensex up over 200 points, Nifty above 8400, Jain irrigation surges over 6%, ABG Shipyard 5%

NEW DELHI: The S&P BSE Sensex surged over 200points in trade today.

The 50-share Nifty index rose smartly in trade and managed to reclaim its next crucial psychological level of 8400.

McNally Bharat BSE 19.97 % surged 18%, ABG Shipyard BSE 3.67 % gained 5% and Tata Chemicals BSE 3.98 % was up 4% in intraday trade. Jain Irrigation surged over 6 per cent in intraday trade.

Markets @ 9:50

Sensex: 27,917 up 137 points; Nifty: 8,410, up 41 points

Top Gainers

LUPIN BSE 1.12 % LTD (1.5%), TATA MOTORS (1.1%), HINDALCO (1.0%), L&T (1.0%), CIPLA (1.0%)

Top Losers

NTPC BSE -0.15 % (-0.5%), ITCBSE -0.13 % LTD (-0.5%), M&M (-0.4%), GAIL (-0.3%), HERO MOTOCORP (-0.2%)

BUZZING STOCKS

Purvankara Projects rallies nearly 11 per cent in intraday trade as the company plans to sell 18-acre land at Kanakapura Road.

ABG Shipyard spiked over 4 per cent in intraday trade.

McNally Bharat rallied nearly 20 per cent in intraday trade.

Tata Chemicals surged over 5 per cent in intraday trade.

Arvind Ltd gained over nearly 3 per cent in intraday trade.

WHAT TOP EXPERTS SAY

Divergence in performance of IT stocks may widen further; prefer Infosys: Nitin Jain, CEO, Global Asset & Wealth Management, Edelweiss FinancialBSE 1.90 %.

8,420 on Nifty a crucial resistance level: Mitesh Thacker, Technical Analyst, miteshthacker.com.

Market expects Greek issue to get resolved: Ashwani Gujral..

Read more: 
 

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Top Gainers

Top Gainers

Markets @ 9:50Markets @ 9:50

Markets @ 9:50

McNally BharatBSE 19.97 % surged 18%, ABG ShipyardBSE 3.67 % gained 5% and Tata ChemicalsBSE 3.98 % was up 4% in intraday trade. Jain Irrigation surged over 6 per cent in intraday trade.

Read more at:
http://economictimes.indiatimes.com/articleshow/47890380.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Markets will look at Greece with risk-off perspective: Tai Hui, JP Morgan

There is a fifty fifty chance of Greece staying in the European Union, said Tai Hui, managing director and chief market strategist - Asia, JP Morgan AMC. In an interview with ET, Hui said Indian markets are likely to remain more resilient to the crisis because they operate under their own dynamics. Edited excerpts:

Ten Stocks in Focus in Thursday's Trade

NEW DELHI: Indian markets are expected to trade in a range on Thursday tracking muted trend seen in other Asian markets.

"My initial estimate was that India market was looking overbought in the short term charts, so after eight days of one side upmove, we were possibly destine for some kind of profit booking," says Mitesh Thacker, Technical Analyst, miteshthacker.com.

Nifty nears 8,400, Man Industries up 20%; AztraZeneca 9%; top 20 bets..

NEW DELHI: NEW DELHI: The S&P BSE Sensex pared gains after rallying over 150 points in the morning trades.

Nifty was trading flat after it reclaimed the psychological level of 8,350.

Global markets were firm on revived hopes of Greece striking a deal with international creditors. Most Asian markets logged healthy gains. Nikkei ended the day at 20,809, up 1.87 per cent.

'BUY' or 'SELL' ideas from experts for Monday, 22 June 2015

NEW DELHI: Indian markets are expected to trade higher on Monday following positive trend seen in other Asian markets.


ET Now spoke to various experts and here's what they have to recommend for today's trade:

Ashwani Gujral of ashwanigujral.com

Marico Ltd BSE 1.35 % is a 'BUY' call with a target of Rs 465 and a stop loss of Rs 434

Havells India Ltd BSE 0.09 % is a 'BUY' call with a target of Rs 297 and a stop loss of Rs 280

Lupin Ltd BSE 1.25 % is a 'BUY' call with a target of Rs 1860 and a stop loss of Rs 1800

Welspun India Ltd BSE 2.47 % is a 'BUY' call with a target of Rs 595 and a stop loss of Rs 568

Tata Sponge BSE 3.47 % Ltd is a 'BUY' call with a target of Rs 640 and a stop loss of Rs 570

Tata Elxsi Ltd BSE 2.00 % is a 'BUY' call with a target of Rs 1260 and a stop loss of Rs 1180

Mitesh Thacker of miteshthacker.com

Apollo Hospitals BSE 0.52 % Ltd is a 'BUY' call with a target of Rs 1320 and a stop loss of Rs 1216

HDFC Bank Ltd BSE 1.10 % is a 'BUY' call with a target of Rs 1055 and a stop loss of Rs 1019

Maruti Suzuki India BSE 0.53 % Ltd is a 'BUY' call with a target of Rs 4050 and a stop loss of Rs 3899

Adani Ports Ltd is a 'SELL' call with a target of Rs 290 and a stop loss of Rs 312

Sandeep Wagle, Founder & CEO, Power My Wealth

Pidilite Industries BSE 1.63 % Ltd is a 'BUY' call with a target of Rs 585 and a stop loss of Rs 537

Godrej Industries Ltd BSE 1.13 % is a 'BUY' call with a target of Rs 360 and a stop loss of Rs 339

M&M Financial Ltd is a 'BUY' call with a target of Rs 279 and a stop loss of Rs 255

Havells India Ltd is a 'BUY' call with a target of Rs 297 and a stop loss of Rs 279.
Source: economictimes.indiatimes.com

'BUY' or 'SELL' ideas from experts for Thursday, 18 June 2015

NEW DELHI: Indian markets are expected to trade in a range on Thursday following muted trend seen in other Asian markets.

ET Now spoke to various experts and here's what they have to recommend for today's trade:

Ashwani Gujral of ashwanigujral.com

Voltas Ltd is a 'BUY' call with a target of Rs 365 and a stop loss of Rs 330

Britannia Industries Ltd BSE -1.24 % is a 'BUY' call with a target of Rs 2850 and a stop loss of Rs 2700

KEC International Ltd BSE 2.84 % is a 'BUY' call with a target of Rs 138 and a stop loss of Rs 124

Ajanta Pharma Ltd BSE 2.36 % is a 'BUY' call with a target of Rs 1500 and a stop loss of Rs 1420

Bharti Infratel Ltd 

BSE -3.32 % is a 'BUY' call with a target of Rs 495 and a stop loss of Rs 467

Torrent Pharma Ltd is a 'BUY' call with a target of Rs 1350 and a stop loss of Rs 1280

Mitesh Thacker of miteshthacker.com

Bharti Airtel Ltd is a 'BUY' call with a target of Rs 440 and a stop loss of Rs 419

Federal Bank BSE 0.25 % is a 'BUY' call with a target of Rs 150 and a stop loss of Rs 136

Just Dial Ltd BSE 0.66 % is a 'BUY' call with a target of Rs 1200 and a stop loss of Rs 1139

Oil India Ltd BSE 0.08 % is a 'SELL' call with a target of Rs 450 and a stop loss of Rs 470

Sandeep Wagle, Founder & CEO, Power My Wealth
LIC Housing Finance Ltd is a 'BUY' call with a target of Rs 435 and a stop loss of Rs 408

HUL BSE 0.33 % Ltd is a 'BUY' call with a target of Rs 900 and a stop loss of Rs 844

ABB Ltd BSE 0.43 % is a 'BUY' call with a target of Rs 1373 and a stop loss of Rs 1290

Indraprastha Gas Ltd BSE -0.12 % is a 'BUY' call with a target of Rs 419 and a stop loss of Rs 394

Whirlpool BSE 1.32 % Ltd is a 'BUY' call with a target of Rs 770 and a stop loss of Rs 719.

Source:http://goo.gl/h9sI5p