Equity benchmark indices hit their new record high levels in early trade on Friday but failed to hold on to the gains and were later trading lower tracking weak trends from global markets.
The 30-share BSE Sensex hit its new all-time high of 81,587.76 in the initial trade but failed to carry forward the winning momentum and declined 166.93 points to 81,176.53.
The NSE Nifty also dropped 73.1 points to 24,727.75 after hitting its fresh record peak of 24,854.80 during the opening bell.
Among the Sensex pack, Tech Mahindra, UltraTech Cement, Tata Steel, JSW Steel, Sun Pharma and Power Grid were the biggest laggards.
Buy JK Paper shares in the cash segment for a target of Rs 605 with a stop loss at Rs 580
Buy Infosys futures for a target of Rs 1,810 with a stop loss at Rs 1,750
Buy the Rs 575 call option of Wipro at Rs 15 for a target of Rs 25 with a stop loss at Rs 10
Fundamental pick: Buy Star Cement shares for a target of Rs 250 with a perspective of one-year
Investment idea: Buy Nestle India shares for a one-year target of Rs 3,100
Buy VST Industries shares in the cash segment for a target of Rs 4,300 with a stop loss at Rs 4,100
Buy Chambal Fertilisers and Chemicals futures for a target of Rs 522 with a stop loss at Rs 508
Buy the 335 call option of Oil and Natural Gas Corporation (ONGC) for a target of Rs 8 with a stop loss at Rs 4
Fundamental pick: Buy Info Edge India (Naukri) shares for a three-month target of Rs 7,625
Investment idea: Buy India Glycols shares for a target of Rs 1,220 from a perspective of 12 months
News-based pick: Buy Dalmia Bharat shares for a target of Rs 2,000 with a stop loss at Rs 1,900
(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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