Equity benchmark indices started the trade on an optimistic note on Wednesday, with the Sensex breaching the historic 80,000-mark for the first time ever and the Nifty hitting its fresh lifetime high, amid heavy buying in bank stocks and firm global market trends.
The 30-share BSE Sensex jumped 597.77 points to hit a new lifetime high of 80,039.22. The Nifty climbed 168.3 points to hit a fresh record peak of 24,292.15.
Among the Sensex pack, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Bajaj Finance, IndusInd Bank, Bharti Airtel and Nestle were the biggest gainers.
Tata Consultancy Services, Sun Pharma, Infosys and Tata Motors were among the laggards.
UBS has maintained a BUY rating with a target price of Rs 1900.
Bernstein has initiated an Outperform rating with a target price of Rs 620.
Bernstein has initiated an Outperform rating with a target price of Rs 653.
Jefferies maintained a HOLD rating with a target price of Rs 294.
Morgan Stanley maintained an ‘overweight’ rating on the stock and gave a target of Rs 5,123 apiece
Rakesh Bansal of Rakesh Bansal Ventures recommends buying Tata Consumer Products shares for a target of Rs 1,142 with a stop loss at Rs 1,075.
Rakesh Bansal of Rakesh Bansal Ventures suggests buying Asian Paints shares for a target of Rs 2,982 with a stop loss at Rs 2,898.
Independent market expert Ambareesh Baliga recommends buying Bayer CropScience for a long term target of Rs 8,250 with a perspective of 6-12 months.
Vishvesh Chauhan of Chase Alpha Investment Advisors recommends buying GP Petroleums shares for a target of Rs 75 with a stop loss at Rs 68.
Sumeet Bagadia of Choice Broking recommends buying Larsen and Toubro (L&T) shares for targets of Rs 3,725 and Rs 3,750 with a stop loss at Rs 3,535.
Siddharth Sedani of Anand Rathi Shares & Stock Brokers recommends buying United Breweries Ltd (UBL) shares for a short-term target of Rs 2,075 and a positional target of Rs 2,300.
(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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