Indian markets made merry on Friday basking in the performance of HDFC twins which led the charge from the onset. HDFC Bank and HDFC Ltd gained nearly 6 per cent intraday and were the top two stocks in terms of contribution to the frontline indices. The stocks also helped Bank Nifty to hit its life time highs of 42,345.50. BSE Sensex today ended at 61,795.04, up 1181 points or 1.95 per cent while the broader market Nifty50 settled at 18,349.70, up 321.50 points or 1.78 per cent.

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The markets took cues from their US peers which witnessed a rally not seen in the last 2.5 years. The biggest trigger was softening in CPI inflation in the world's largest economy. In the 50-stock Nifty50, 37 stocks gained and 12 declined while 1 stock was unchanged.

Apart from the HDFC twins, Infosys, Tech Mahindra and HCL Tech were the other top gainers. The top losers were Eicher Motors, Hero MotoCorp, SBI, Britannia Industries and Mahindra & Mahindra. 

Out of the 15 Nifty sectoral indices only three ended on the losing side - Nifty Auto (-0.30 per cent), Nifty FMCG (-0.15 per cent) and Nifty PSU Bank (-0.67 per cent). Banks and financial services were the top gainers. Nifty Metal (+2.03 per cent), Nifty Realty (+1.67 per cent).

Top Gainers and Losers

Market LIVE: Bulls make merry on HDFC twins, Infosys rally; 1100 point gains for Sensex, Nifty ends 320 points up

Technical Analyst Nilesh Jain picked his two bets to give his strategy on one each from the top gainers and losers.

HCL Technologies: Buy on Decline| LTP: Rs 1089 | Target: Rs 1130 | Stop Loss: Rs 1060 | Upside 4%

The stock ended with gains of nearly 3.5 per cent and has seen a considerable upside. Jain suggests a buy n declines. The upside in this stock and sector is open from current levels. The stock has been suggested with a short term view.  

SBI: Hold | LTP: Rs 600 | Target: Rs 640 | Stop Loss: Rs 590 | Upside 7%

TThe SBI stock today ended with declines after seeing an 8 per cent uptick over the past 3 to 4 trading sessions. Jain, who is Assistant Vice President - Lead Derivative and Technical Research at Centrum Broking suggests a ‘Hold’ in this stock with no fresh buying at current levels.

Also Read: SBI Share Price: BUY - Will it cross Rs 800? Check price targets

(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.)