Friday, 19 June 2015

Comment on Indian Stock Market Tips

The S&P BSE Sensex surged over 150 points in in intraday trade on Friday, led by gains in HDFC, Infosys, ITC, ICICI Bank, and L&T. 

The 50-share Nifty index also reclaimed its crucial psychological level of 8200, supported by gains in capital goods, metal, oil & gas and realty stocks.

The market gained further in early trade Friday. The Sensex rose 111.93 points to 27227.76 and the Nifty climbed 26.55 points to 8201.15. About 369 shares have advanced, 68 shares declined, and 57 shares are unchanged on the BSE.

Kotak has upgraded M&M Financial Services to 'buy' from 'sell' after 10 quarters for target price of Rs 320 per share. Kotak sees long term return on equity of 20 per cent.

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