Indian Stock markets opened higher today with the benchmark BSE Sensex advancing by 119 points in early trade on continued buying by investors in banking and FMCG stocks. The Nifty of National Stock Exchange also regained 9,100 level by rising 31 points to 9,123 with 30 of index constituents making advances. Recovery in the Rupee against the dollar supported the positive sentiment in stock markets, brokers said.
After opening higher at 29,350.60 points, the Sensex rose further to 29,455 points in early trade, showing gains of 113.51 points or 0.39 per cent over last close. The gauge had gained 164.48 points to settle at 29,332.16 points in the previous session. Banking, infrastructure, metals, power, realty and FMCG stocks were trading in the positive zone. All BSE sector trading with positive leads. The BSE Small Cap gained 98 points at 14126 and BSE Mid-Cap Jumped up 62 points at 13916.
Intraday Tips For Today
Buy Bharti Airtel Limited at above: 342.25 Targets: 345.71 – 341.50 – 340.08 – 342.35 Stop loss : 337.64
Bharti Airtel has bought 4G businesses of Tikona Digital for Rs 1600 crore. This deal has been done to increase spectrum in Gujarat, Himachal Pradesh. After this deal, Tikona will get spectrum in 23 circles at 2300 MHz.
Buy Coal India Ltd at above: 297.56 Targets: 296.65 – 298.09 – 293.48 – 296.30 Stop loss : 293.26
The second interim dividend will be considered in Coal India’s board meeting on March 26.
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