Nifty50, Sensex top gainers and losers: Buy UPL on declines; Hold Ultratech Cement, Apollo Hospitals for these targets

Indian stock markets continued their winning streak for the fifth straight day as the benchmarks ended Thursday in the green. While the BSE Sensex closed at 59,202.90 and was up by over 95.71 points or 0.16 per cent from the Wednesday closing price, the Nifty50 index settled at 17563.25, up by 51 points or 0.30 points. In the 30-stock Sensex, 10 shares gained while remaining 20 were the losers. As for the 50-share Nifty50, 35 advanced and 15 declined. Technical Analyst Nilesh Jain picks two stocks among the top gainers and losers to give his startegy. He is Lead Derivative and Technical Research at Centrum Broking.  

Sensex Top Gainers:

1) HCL Technologies shares ended at Rs 1018, up 2.27 per cent from the Wednesday closing price.

2) Tech Mahindra ended at Rs 1040, up 2.04 per cent on the BSE from the Wednesday closing price.

3) NTPC Shares ended at Rs 167.10, up 1.89 per cent on the BSE from the Wednesday closing price.

4) Power Grid Shares ended at Rs 217.85, up 1.85 per cent on the BSE from the Wednesday closing price.

5) Bajaj Finserv Shares ended at Rs 1725.20, up 1.61 per cent on the BSE from the Wednesday closing price.

Sensex top Losers:

1) Indusind Bank Shares ended at Rs 1158.40, down 4.92 per cent on the BSE from the Wednesday closing price.

2) Asian Paints Shares ended at Rs 3145.10, down 2.15 per cent from the Wednesday closing price.

3) Ultratech Cement Company shares ended at Rs 6307.65, down 1.41 per cent from the Wednesday closing price.

4) HDFC Bank Shares ended at Rs 1448.10, down 0.74 per cent from the Wednesday closing price.

5) Titan Shares ended at Rs 2627.60, down 0.64 per cent from the Wednesday closing price.

Source: BSE 

Nifty50 Top Gainers:

1) UPL Shares ended at Rs 712.75, up 5.31 per cent on the NSE from the Wednesday closing price.

2) Adani Enterprises Shares ended at Rs 3361.05, up 2.56 per cent on the NSE from the Wednesday closing price.

3) BPCL shares ended at Rs 298.70, up 2.24 per cent on the NSE from the Wednesday closing price.

4) HCL Technologies Shares ended at Rs 1017.90, up 2.23 per cent on the NSE from the Wednesday closing price.

5) NTPC Shares ended at Rs 167.40, up 2.04 per cent on the NSE from the Wednesday closing price.

UPL: Buy | LTP: Rs 712 | Target: Rs 740 | Stop Loss 695 | Upside 4-5% 

UPL was the biggest gainer on the NSE and was up by over 5 per cent today at the closing time. Jain recommends a buy on decline and the right level to invest in this stock is between RS 700 and RS 720.

Jain rcommends a Hold on Ultratech Cement Company for the pice target of Rs 6500 while Apollo Hospitals for the target of Rs 4460-4500.

(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)