Nifty50, Sensex top gainers and losers: Buy Eicher Motors, Sell BPCL and Hold SBI, says analyst
SBI: Hold | LTP: Rs 562.40 | Target: Rs 600 | Upside 7% | No fresh buyng recommended at current levels as the stockk has moved over 6 per cent in the last two trading sessions. Very short term buyers can buy in declines for the target of Rs 600, Nilesh Jain said
Indian stock markets continued their winning streak for the third staright day as the benchmarks ended Tuesday in the green. While the BSE Sensex closed at 58,960.60 and was up by over 549.62 points or 0.94 per cent from the Monday closing price, the Nifty50 index settled at 17311.80, up by 126 points or 0.73 points. In the 30-stock Sensex, 25 shares gained while remaining 5 were the losers. As for the 50-share Nifty50, 37 advanced and 13 declined. Technical Analyst Nilesh Jain picks three 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) SBI shares ended at Rs 562.25, up 3.37 per cent from the Monday closing price.
2) ITC ended at Rs 340.55, up 2.48 per cent on the BSE from the Monday closing price.
3) Nestle India Shares ended at Rs 19393, up 2.42 per cent on the BSE from the Monday closing price.
4) Bharti Airtel Shares ended at Rs 783, up 2.22 per cent on the BSE from the Monday closing price.
5) Indusind Bank Shares ended at Rs 1226, up 2.18 per cent on the BSE from the Monday closing price.
Sensex top Losers:
1) HDFC Shares ended at Rs 2333.35, down 0.65 per cent on the BSE from the Monday closing price.
2) NTPC Shares ended at Rs 167, down 0.65 per cent from the Monday closing price.
3) HDFC Bank shares ended at Rs 1442.50, down 0.27 per cent from the Monday closing price.
4) Tech Mahindra Shares ended at Rs 1020.50, down 0.24 per cent from the Monday closing price.
5) Sun Pharmaceuticals Shares ended at Rs 978, down 0.19 per cent from the Monday closing price.
Nifty50 Top Gainers:
1) SBI Shares ended at Rs 562.40, up 3.45 per cent on the NSE from the Monday closing price.
2) Adani Ports Shares ended at Rs 810.80, up 3.13 per cent on the NSE from the Monday closing price.
3) Eicher Motors shares ended at Rs 3622.50, up 3.05 per cent on the NSE from the Monday closing price.
4) ITC Shares ended at Rs 340.85, up 2.59 per cent on the NSE from the Monday closing price.
5) SBI Life Shares ended at Rs 1220, up 2.54 per cent on the NSE from the Monday closing price.
Nifty50 Top Losers:
1) NTPC Shares ended at Rs 167, up 0.86 per cent from the Monday closing price.
2) HDFC Shares ended at Rs 2334.85, up 0.61 per cent from the Monday closing price.
3) Sun Pharmaceuticals ended at Rs 974.80, up 0.53 per cent from the Monday closing price.
4) Britannia Industries Shares ended at Rs 3757.70, up 0.53 per cent from the Monday closing price.
5) Tech Mahindra Shares ended at Rs 1020.40, up 0.28 per cent from the Monday closing price.
SBI: Hold | LTP: Rs 562.40 | Target: Rs 600 | Upside 7%
No fresh buyng recommended at current levels as the stockk has moved over 6 per cent in the last two trading sessions. Very short term buyers can buy in declines for the target of Rs 600, Jain said. The stock has been trading with good volumes. Today it was up nearly 3.5 per cent or by Rs 19 at the closing time.
Eicher Motors: Buy | LTP: Rs 3,622 | Target: Rs 4200| Stop Loss: 3450 | Upside 16% | 6-8 months
The stock was up by Rs 107.30 or 3.05 per cent from the Momday closing price. It has shown recersal from the 5--day moving average. One month traget is between Rs 3800 and 3900
BPCL: Sell on Rise | LTP: Rs 295 | Target: Rs 254
Jain said that this stock appears weak on chart and he recommended a sell in this stock, if an investors has a short term view in it. The stock today ended with losses of 0.22 per cent from the Monday closing price.
(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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