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The Indian stock market opened at a record high with Sensex opening at 79,840.40, above 364 points or 0.46 per cent, and Nifty at 24,228.75, up 86 points or .36 per cent high.
Bank Nifty opened in green at 52,0793, up 219 points or 0.42 per cent high. The Nifty Midcap 100 opened at 56462.70, up 170.20 points or 0.30 per cent. Soon after opening in green, some indices turned red likely due to a profit-booking trend during the opening trade hour.
Among the sectoral indices at the National Stock Exchange (NSE) in the opening hours on Tuesday, the auto stocks opened in red post sales figures for June. The other sectoral indices such as Financial Services, FMCG, Metal, Pharma, PSU Banks, Private Banks, Healthcare, Consumer Durables and Nifty Midsmall Healthcare traded in the red during the initial hours of the trade.
Buy Heidelberg Cement shares in the cash segment for a target of Rs 232 with a stop loss at Rs 224
Buy Hero MotoCorp futures for a target of Rs 5,800 with a stop loss at Rs 5,600
Buy the Rs 1,580 call option of Infosys at Rs 50 for a target of Rs 80 with a stop loss at Rs 35
Technical Pick: Buy Tech Mahindra futures for a target of Rs 1,520 with a stop loss at Rs 1,460
Fundamental Pick: Buy Computer Age Management Services (CAMS) shares for a one-year target of Rs 4,300
Investment Idea: Buy CE Info Systems (MapmyIndia) shares for a one-year target of Rs 2,800
News-based Pick: Buy SBI Life futures for a target of Rs 1,555 with a stop loss at Rs 1,490
Buy DCX Systems shares in the cash segment for a target of Rs 400 with a stop loss at Rs 374
Buy the 710 call option of Aarti Industries for a target of Rs 31 with a stop loss at Rs 19
Technical Pick: Buy Kokuyo Camlin shares for a target of Rs 164 with a stop loss at Rs 153
Fundamental Pick: Buy Star Health & Allied Insurance shares for a six-month target of Rs 690
Investment Idea: Buy UBL shares for a target of Rs 2,500 from a perspective of 12 months
News-based Pick: Buy IOL Chemicals & Pharmaceuticals shares for a target of Rs 422 with a stop loss at Rs 405
Experts Choice Picks:
(With inputs from ANI)
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