The market has opened flat with banks doing well. The Sensex is up 54.51 points or 0.2 percent at 28653.54, and the Nifty up 24.20 points or 0.3 percent at 8804.05.
About 765 shares have advanced, 228 shares declined, and 47 shares are unchanged.
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Infosys is down on guidance downgrade scare. Maruti, Lupin, TCS and Bharti are losers.
ICICI Bank, SBI, Tata Motors, GAIL and Bajaj Auto are top gainers in the Sensex.
Buy, sell or hold: Analysts pick 3 stocks for your portfolio
Reliance Capital Deutsche Bank has increased target to Rs 650 from Rs 535 per share stating that adverse regulatory changes are a key risk. It says improving profitability at operating business should lead ROE to 10 percent by FY18. It expects asset management business to benefit from continued buoyancy in equity markets and that recent changes will help simplify the group structure.
UPL Citi has buy rating on the stock with target at Rs 860 per share as sound business model delivers in tough times.
PI Industries Citi has initiated buy call with target at Rs 1060 per share. It says near-term demand uptick is driven by decent monsoons this year. It adds that CSM business with a strong order book adds a clear visibility of 3-4 years.
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