Sensex rises 250 pts; Nifty tops 10,550 on positive global cues

The benchmark indices were trading positive with the Nifty50 reclaiming its crucial 10,550 mark on sustained buying in metal, auto, capital goods and banking stocks.
Sentiments bolstered in all Asian markets too following positive cues from Wall Street.

At 11:20 am, the S&P BSE Sensex was trading at 34,396, up 254.30 points, while broader Nifty50 was ruling at 10,566, up 75.60 points. 

Major gainers include IndusInd Bank, Tata Motors, Adani Ports, and Larsen & Toubro, rising up to 3 per cent on the Sensex.

Among losers, Dr Reddy's (down 1.5 per cent), Sun Pharma (down 1.1 per cent) and Infosys (down 0.9 per cent) shed the most on Sensex. 

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Meanwhile, on a net basis, DIIs bought equities to the tune of Rs 1,514.03 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 486.32 crore on Friday, provisional data showed.

Among Asian markets, Japan's Nikkei was trading higher by 0.82 per cent. Hong Kong's Hang Seng up 0.54 per cent and Shanghai Composite 0.31 per cent higher.
The US Dow Jones Industrial Average ended 1.39 per cent higher on Friday's trade.

Below are key trading tips for today's trade:

1) ASTRA MICROWAVE 

Target: Rs 98
Stoploss: Rs 91 
CMP: 92.50

• Pullback after a consistent fall in last week
• Buying at lower levels with volumes 

2) DOLPHIN OFFSHORE 

Target: Rs 98
Stoploss: Rs 91 
CMP: Rs 92.30

• Crude prices traded higher last wekk
• NYMAX crude trading near $64

3) TATA GLOBAL

Target: Rs 276
Stoploss: Rs 267 
CM: Rs 270

• Pullback on short-term chart after seven-session fall
• Pullback after a good support at 100-DEMA

4) KITEX GARMENTS 

Target: Rs 253
Stoploss: Rs 242 
CMP: Rs 246.40

• Stock closed at day's high level in the previous session
• 51% delivery volume in stock for last five sessions

5)  SUPRAJIT ENGINEERING 

Target: Rs 280
Stoploss: Rs 270 
CMP: Rs 273.90

• Third quarter results were robust 
• The stock corrected even as strong Q3 results 

6)  JAMNA AUTO INDUSTRIES 

Target: Rs 84
Stoploss: Rs 78 
CMP: Rs 79.35

• The stock remained strong on the daily chart during broader correction in the market
• Bying at the lower levels; stock jumped from 50-DEMA

7) HCL INFOSYSTEMS 

Target: Rs 66
Stoploss: Rs 63 
CMP: Rs 63.90

• Buying momentum in small and midcap IT stocks 
• The stock gained in last two sessions after profit-booking of five-session

8)  OIL COUNTRY TUBULAR 

Target: Rs 45
Stoploss: Rs 43 
CMP: Rs 43.30

• Crude prices jumped
• NYMAX tradinf near $64

(Stocks mentioned here are for informational purpose. Consult your financial advisor before investing.)