TradeIndia Research is one of the best stock market Equity Research Calls provider in Indore who delivers tips in equity and commodity markets to the traders for profitable stock trading tips.
Stock Market Closing Updates
The 30-share BSE Sensex rallied 258.24 points to 27375.58, the highest level since November 10, 2016.
The 50-share NSE Nifty gained 84.30 points at 8475.80, led by HDFC Group, auto, infra and oil stocks.
The broader markets, too, climbed 1 percent but the market breadth did not look that strong.
About 1582 shares advanced against 1147 declining shares on the Bombay Stock Exchange.
Experts expect the market to move up gradually amid consolidation, especially ahead of Union Budget that will be presented on February 1.
Surendra Goyal of Citi says in the run-up to the Union Budget this year, MSCI India is up 3 percent in 2017 so far, with expectations of a tax-payer friendly Budget to boost consumer sentiment post demonetisation.
He forecasts 15/18 percent earnings growth for Sensex/Nifty in FY18 and remains constructive with Sensex target of 30,000.
Country’s second largest private sector lender HDFC Bank shares gained 1.5 percent after better-than-expected earnings and stable asset quality.
Profit grew by 15 percent, with domestic loan growth of 17.5 percent in Q3 YoY.
Sensex Up + 258.24 @ 27375.58
Nifty Up + 84.30 @ 8475.80
- Bajaj Auto
- Idea Cellular
- Tata Power
- Adani Ports
- Yes Bank
- HCL Tech
- Bharti Airtel
- Zee Entertain