Benchmark equity indices climbed in early trade on Thursday but faced highly volatile trends and were soon trading flat amid the lack of any immediate market moving triggers.
The 30-share BSE Sensex climbed 250.72 points to 77,588.31 in early trade. The NSE Nifty went up by 71.7 points to 23,587.70. However, both the benchmark indices faced heavy volatility and were quoting betweem highs and lows.
Among the 30 Sensex companies, Kotak Mahindra Bank, Tata Motors, UltraTech Cement, HDFC Bank, Mahindra & Mahindra and Reliance Industries were among the biggest gainers. Sun Pharma, Power Grid, Bajaj Finserv and Bajaj Finance were among the laggards.
Buy CE Info Systems shares in the cash segment with a target of Rs 2,070 and a stop loss at Rs 1,995
Buy the Rs 500 call option of Wipro for a target of Rs 8 with a stop loss at Rs 4
Technical pick: Buy Vodafone Idea Ltd (VIL) shares for a target of Rs 21 with a stop loss at Rs 13
Fundamental pick: Buy Orchid Pharma shares for a target of Rs 1,250 with a perspective of 3 months
Investment idea: Buy UBL shares for a one-year target of Rs 2,420
News-based pick: Buy AWFIS Space Solutions shares for a target of Rs 510 with a stop loss at Rs 252
Buy Action Construction Equipment (ACE) shares in the spot market for a target of Rs 1,600 with a stop loss at Rs 1,490
Buy the 1,560 put option of Lupin for a target of Rs 37 with a stop loss at Rs 26
Technical pick: Buy Coforge shares for a target of Rs 5,455 with a stop loss at Rs 5,250
Fundamental pick: Buy Navin Fluorine International shares for a nine-month target of Rs 4,550
Investment idea: Buy Avenue Supermarts (DMART) shares for a target of Rs 6,350 from a perspective of 12 months
News-based pick: Buy Sapphire Foods India shares for a target of Rs 1,600 with a stop loss at Rs 1,548
(With Inputs From PTI)
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)
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