BULLS ON WILD RUN WITH BANKS & AUTOS

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Today markets successfully closed above the 14700 level and this is a positive signal. We should now be headed to 15100. On the earnings front, companies such as Bajaj Auto, Titan and HUL announced their numbers during the day which further add to the volatility. We reiterate our positive yet cautious view on markets and expect Nifty to test the 15000 zone.Bulls went on a rampage with banks & autos especially the two-Wheeler stocks being sought after in what turned out to be a bullish session of trade through the day.The earnings outcome of companies in the banking and auto space thanks to Axis Bank and TVS motors led the up move as it further boosted investor’s confidence. The HDFC twins & Bajaj twins lent good support to the indices with the broader market displaying strength across sectors.
TOP GAINERS-BAJFINANCE,INDUSINDBANK,SBIN,ICICIBANK
TOP LOSERS-HINDALCO,DIVISLAB,HDFCLIFE,BPCL,TATASTEEL