The market has opened low dragged by profit booking and weak global cues.
Sensex is down 148.90 points
Nifty is down 46.45 points
About 435 shares have advanced, 444 shares declined, and 69 shares are unchanged.
TCS, Reliance, Dr Reddy’s Labs, Sun Pharma and Lupin are top gainers while Tata Motors, ICICI Bank, ITC, Adani Ports and HDFC are losers in the Sensex.
The Indian rupee opened lower by 10 paise at 66.75 per dollar on Monday versus 66.65 Friday.
Crude oil prices rose, rebounding from a sharp cut on Friday with the focus on OPEC talks this week.
Stocks in News: L&T | Tata Power | GAIL | JM Financial | IL&FS Engineering | IFCI | Ujaas Energy | Brigade Enterprises | Indo Amines | GOCL Corporation | KNR Constructions | Piramal Enterprises | Asian Oilfield Services | Tamilnadu Steel Tubes | Canara Bank and Rain Industries are stocks, which will be in the news on Monday.
Investment strategies by analysts for 8 stocks
BEL: Citi says it is top industrial pick with target increased to Rs 1735 from Rs 1557 per share.
Idea: Morgan Stanley has cut target price to Rs 70 per share from Rs 89 per share, believing that share price will fall relative to country index over next 60 days.
HDFC Bank: Bank of America Merrill Lynch reiterates buy call with target increased to Rs 1625 from Rs 1550 per share.
Best Advisory company provide stock or commodity recommendations with accuracy and full support of experts.
Axis and ICICI Bank: Morgan Stanley prefers Axis Bank structurally over ICICI Bank. It expects Axis Bank to earn 400-500 basis points higher ROE than ICICI Bank. It says ICICI Bank should book capital gain of Rs 5700 crore in Q2.
Larsen and Toubro: Credit Suisse maintains outperform rating with target increased to Rs 1925 from Rs 1825 per share.
Steel stocks: It is overweight on Tata Steel , JSW Steel and JSPL with target price at Rs 440, Rs 2000 and Rs 110 per share. It is underperform on Tata Steel with target at Rs 35 per share.
Today’s Top Call target Achieved
CALL:- BUY V2RETAIL
ABOVE 112.50
TG1-113.50
TG2-115.00
SL-111.00.
