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Equity benchmark indices rebounded in early trade on Thursday amid a rally in global markets and continuous foreign fund inflows. Buying in IT stocks also added to the positive trend in equities.
The 30-share BSE Sensex climbed 245.32 points to 80,170.09 in early trade. The NSE Nifty went up by 78.2 points to 24,402.65.
Among the Sensex pack, Tata Consultancy Services climbed over 1 per cent ahead of its quarterly earnings announcement later in the day.
The other prominent gainers were HCL Technologies, Tata Motors, Tata Steel, Maruti, Infosys and State Bank of India.
Power Grid, Nestle, Sun Pharma, HDFC Bank and Mahindra & Mahindra were among the laggards.
Buy Kansai Nerolac Paints shares in the cash segment for a target of Rs 290 with a stop loss at Rs 276
Buy the Rs 450 put option of Vedanta at Rs 12.2 for a target of Rs 22 with a stop loss at Rs 8
Technical pick: Buy Zydus Lifesciences futures for a target of Rs 1,220 with a stop loss at Rs 1,180
Fundamental pick: Buy IRCTC shares for a target of Rs 1,200 with a perspective one-year
Investment idea: Buy CE Info Systems shares for a one-year target of Rs 2,900
News-based pick: Buy Nippon Life AMC shares for a target of Rs 690 with a stop loss at Rs 658
Buy IRB Infrastructure Developers shares in the cash segment for a target of Rs 71 with a stop loss at Rs 67,30
Buy Asian Paints futures for a target of Rs 3,050 with a stop loss at Rs 2,980
Buy the 4,650 call option of Divi’s Laboratories for a target of Rs 130 with a stop loss at Rs 100
Technical pick: Buy Go Digit General Insurance shares for a target of Rs 380 with a stop loss at Rs 355
Fundamental pick: Buy Keystone Realtors shares for a six-month target of Rs 860
Investment idea: Buy Syngene International shares for a target of Rs 890 from a perspective of 12 months
News-based pick: Buy KCP Sugar and Industries shares for a target of Rs 49 with a stop loss at Rs 42
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)