Hindustan Unilever, UPL, Indiabulls Housing Finance, State Bank of India and Tata Motors were the top Nifty gainers while from the BSE, Larsen & Toubro Infotech, Bombay Burmah, Welspun India, RattanIndia Power and Bombay Dyeing were the top gainers.
Moneycontrol News
The Indian benchmark indices on Thursday morning were trading on a positive note with the Nifty up 47 points or 0.46 percent while the Sensex was up 136 points at 33358.
The Nifty midcap index was trading in the green, up 0.84 percent led by Biocon, GMR Infra, Mcleod Russel, Petronet LNG, SAIL, Tata Global Beverage and Unitech.
Bank Nifty was also trading in the green, up 0.68 percent led by State Bank of India, Punjab National Bank, Bank of Baroda and Yes Bank.
From the Nifty, the stocks that gained the most were Hindustan Unilever which gained 2.68 percent while UPL added 2.41 percent. Indiabulls Housing Finance, State Bank of India and Tata Motors were the other top Nifty gainers. The most active stocks included Tata Motors, Rain Industries, Yes Bank, HDFC and Bharti Airtel.
From the BSE, the stocks that gained the most included Larsen & Toubro Infotech which zoomed close to 8 percent while Bombay Burmah was up 6.24 percent. Welspun India, RattanIndia Power and Bombay Dyeing were the other top Sensex gainers.
The stocks that hit new 52-week high on NSE included Axis Bank, Bharat Forge, Balmer Lawrie, Britannia Industries, Rain Industries and VRL Logistics. From the BSE, the stocks that hit fresh 52-week high were 3M India, Britannia Industries, Lumax Industries, Gulf Oil Lubricants, Essel Propack and Bharat Forge.
The market breadth was in favour of the advances on Thursday morning with 1246 stocks advancing as against 315 declines. On the other hand, 1556 stocks advanced and 493 stocks declined on the BSE.
Research and broking firm, Motilal Oswal has maintained a buy on Rain Industries and has raised the target to Rs 492 from Rs 362 per share. CLSA has retained a buy call on Bharat Forge and has raised the target to Rs 905 from Rs 717.50 per share.
Technical Analyst Ashwani Gujral of ashwanigujral.com has a buy on Bombay Burmah with a stop loss of Rs 1620, target of Rs 1700 while Mitessh Thakkar of miteshthacker.com has a buy on Axis Bank with a stop loss of Rs 533 for target of Rs 565.
