Home » Stock » Market Fatafat with ET Now: Sensex jumps over 1%; here’re 23 stock buzzing in trade today

Market Fatafat with ET Now: Sensex jumps over 1%; here’re 23 stock buzzing in trade today

Bharti Airtel was the top gainer in the Nifty, up 5.94% followed by Hind Petro and BPCL. SBI, RIL also rallied over 2% each. Except IT stock, most other sectors witnessed buying today.

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New Delhi: Indian markets have witnessed a pre-poll rally on Monday following the announcement of 2019 general election dates. As of 2:30 pm, the BSE Sensex was up 378 points to trade above the 37,000 marks while the Nifty50 index traded 130 points higher at 11,167 amid broad-based buying.

Bharti Airtel was the top gainer in the Nifty, up 5.94% followed by Hind Petro and BPCL. SBI, RIL also rallied over 2% each. Except IT stock, most other sectors witnessed buying today.

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SBI: The bank has moved to floating rate on savings bank deposits. New interest rates will be linked to the repo rate. Morgan Stanley has maintained ‘overweight’ on the stock with a target price of Rs 375 on the stock. The brokerage believes that the movement is a big change and would help in reducing the margin volatility. Also, SBI is likely to be the biggest gainer from Essar Steel resolution.

Chola Investment: The stock is showing robust trends. The stock has managed to move out of its 200-day moving average. According to Kunal Bothra, the stock may see good upside in the coming days. He has a ‘buy’ call on the stock for a target of Rs 1,380 with stop loss at Rs 1,295.

HPCL: The stock has managed to come out of its congestion zone. Angel Broking has a ‘buy’ call on the stock for a target of Rs 288 with stop loss at Rs 249.

Unichem Labs: The Ghaziabad facility of the company has been inspected by USFDA with no observations.

Bajaj Auto: A comeback trend is visible in the two-wheeler space. Bajaj Auto stock has seen the highest open interest built up in the futures segment. As the stock is up by 1% with huge volumes, the open interest built up is most likely on the long side, say analysts.

[“source=timesnownews”]

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