FUTURE:
"BUY AXISBANK ABOVE 546 TGT 552.00 SL 541.00"
"BUY TATAMOTORS ABOVE 515 TGT 525.00 SL 503.00"
Sensex up 506 pts, Nifty ends above 8150 Banks, auto and capital goods fueled the fire with some strong support. Tata Motors up 5 percent remained top gainer. After falling sharply in last two trading sessions, the markets today opened on a strong note following the positive global cues. The BSE Sensex surged over 574 points to trade above the 27,000 level while the Nifty reclaimed the 8,200 mark in the afternoon trade today as funds and retail investors went about creating fresh positions, driven by the government’s decision to refer MAT issue to a high-level committee. Besides, a rebound in the rupee from the 20-month low also boosted sentiment. The rally was led by a strong showing in auto, realty, banking, capital goods, PSUs, FMCG, metal and IT stocks on fresh capital inflows. Punjab National Bank (PNB) disappointed street on Friday with the fourth quarter profit falling 61.9 percent year-on-year to Rs 307 crore, dented by lower net interest income. PNB falls by 6.57% today. After a stellar rally, the Sensex ended up 506 points or 1.9 percent at 27105. The Nifty was up 134.20 points or 1.7 percent at 8245. About 1865 shares have advanced, 835 shares declined, and 169 shares are unchanged. Banks and autos led the rally while Consumer Durables index was in red. Here are the stocks that kept traders busy today.
Today Top Gainers
|
Company
|
Price
|
% Gain
|
|
Tata Motors
|
513.70
|
5.24
|
|
Cipla
|
654.70
|
4.28
|
|
ICICI Bank
|
317.00
|
4.07
|
|
Yes Bank
|
826.10
|
3.47
|
|
Hindalco
|
138.95
|
3.46
|
Today Top Losers
|
Company
|
Price
|
% Loss
|
|
PNB
|
145.70
|
-6.57
|
|
Bank of Baroda
|
145.10
|
-5.44
|
|
Hero Motocorp
|
2,300.65
|
-2.29
|
|
Idea Cellular
|
170.00
|
-1.68
|
|
ONGC
|
315.50
|
-1.42
|
TODAYS WORLD MARKET
Nasdaq (May 07)
|
4945.54
|
25.90
|
Nikkei 225 (May 8)
|
19379.19
|
87.20
|
Hang Seng (May 8)
|
27577.34
|
287.37
|
FTSE (May 8)
|
7021.30
|
134.35
|
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