Nifty50, Sensex top gainers and losers: Axis Bank hits target, analyst suggest HOLD; buy Bharti Airtel, Coal India for short term gains
Axis Bank: HOLD| LTP: Rs 807 | Target: Rs 840| Upside 4% | The stock was recommended by technical analyst Nilesh Jain at Rs 778 for price target of Rs 810
Indian stock markets today ended in the green, breaking a two-day losing streak. The BSE Sensex ended at 57,625.91, up by 478.59 points or 0.84 per cent while the Nifty50 ended 17123.60, gaining almost 140 points or 0.82 per cent from the Tuesday closing price. In the 30-share Sensex, 25 stocks were trading in the green at the closing time while 5 were in the red. As for the 50-stock Nifty50 index, 42 stocks advanced, 7 declined while 1 remained unchanged.
Sensex Top Gainers:
1) Power Grid shares ended at Rs 215.60, up 3.50 per cent from the Tuesday closing price.
2) Axis Bank ended at Rs 808.40, up 2.89 per cent on the BSE from the Tuesday closing price.
3) NTPC Shares ended at Rs 164.90, up 2.42 per cent on the BSE from the Tuesday closing price.
4) Indusind Bank Shares ended at Rs 1187.30, up 1.97 per cent on the BSE from the Tuesday closing price.
5) Larsen & Toubro Shares ended at Rs 1911.45, up 1.70 per cent on the BSE from the Tuesday closing price.
Sensex top Losers:
1) Asian Paints Shares ended at Rs 3247.60, down 1.60 per cent on the BSE from the Tuesday closing price.
2) Dr Reddy's Laboratories Shares ended at Rs 4230.05, down 1.25 per cent from the Tuesday closing price.
3) Bharti Airtel shares ended at Rs 775.40, down 0.60 per cent from the Tuesday closing price.
4) Titan Shares ended at Rs 2618.50, down 0.24 per cent from the Tuesday closing price.
5) ICICI Shares ended at Rs 2299.75, down 0.22 per cent from the Tuesday closing price.
In the 50-share Nifty50, 15 stocks advanced while 35 declined.
Nifty50 Top Gainers:
1) Power Grid Shares ended at Rs 215.60, up 3.48 per cent from the Tuesday closing price.
2) Coal India Shares ended at Rs 232.05, up 2.93 per cent from the Tuesday closing price.
3) Axis Bank ended at Rs 807.80, up 2.83 per cent from the Tuesday closing price.
4) Bajaj Auto Shares ended at Rs 3620.20, up 2.59 per cent from the Tuesday closing price.
5) NTPC Shares ended at Rs 165, up 2.45 per cent from the Tuesday closing price.
Nifty50 Top Losers:
1) Asian Paints Shares ended at Rs 3249, down 1.51 per cent on the NSE from the Tuesday closing price.
2) Adani Enterprises Products Shares ended at Rs 3228, down 1.40 per cent on the NSE from the Tuesday closing price.
3) Dr Reddy's Laboratories shares ended at Rs 4241, down 0.97 per cent on the NSE from the Tuesday closing price.
4) Bharti Airtel Shares ended at Rs 776.90, down 1.91 per cent on the NSE from the Tuesday closing price.
5) ICICI Bank Shares ended at Rs 867.85, down 1.78 per cent on the NSE from the Tuesday closing price.
Axis Bank: HOLD| LTP: Rs 807 | Target: Rs 840| Upside 4%
The stock was recommended by technical analyst Nilesh Jain at Rs 778 for price target of Rs 810. He suggests a hold on this stock for a revised target of Rs 840. The view is for the next 2-3 trading session. It has been on an upward swing over the last 4-5 trading session.
Coal India: Buy on decline | LTP: Rs 232.05 | Target: Rs 240| Stop Loss: Rs 224| Upside 4%
Jain, who is Assistant Vice President - Lead Derivative and Technical Research at Centrum Broking recommnds this stock for a very short term period. He said that this is a good stock to hold. Buying on decline is suggested at levels around Rs 230.
Bharti Airtel: Buy on decline | LTP: Rs 776.90 | Target: Rs 800| Stop Loss: Rs 224| Upside 4%
Another stock recommended by Jain with a short term view. Buying on decline is recommended. Jain said that it was a perfect candidate for buy on decline. The target of Rs 800 is expected to be achieved over the next 3-4 trading sessions, the AVP said. The counter today declined by over Rs 3. Investors with positional term view can buy it in a staggered manner for a price target of Rs 850-900. The right levels to buy this stock is Rs 750, Jain said, for investors with a positional view.
(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.)
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