Stock Market Tips For Tomorrow
Markets:
From Tokyo with love: Sensex up 402 pts, Nifty ends at 7819
A spectacular surge in Tokyo lifted sentiment across Asia and India was no exception. The
bulls rallied for the second day running to help indices reclaim crucial levels. The Sensex
was up 401.71 points or 1.6 percent at 25719.58 and the Nifty gained 130.35 points or 1.7
percent at 7818.60. About 1975 shares advanced, 718 shares declined and 108 shares
were unchanged. Analysts feel that the market will surge ahead now. Nilesh Shah, MD and
CEO of Envision Capital believes that over the next 3-5 years, the Indian market will give
more than 100 percent returns. "Today we are at 7,500-7,800, is there a chance that we
could be at 13,000-15,000 Nifty in the next three-four years? The answer is yes. So what are
we saying is that there is a downside of maybe 500 points on the downside but maybe there
is an upside of 3,000-4,000 points on the Nifty.
Stock Market Tips
- Buy SKS Microfinance; target of Rs 570
- L&T looks attractive, invest in SBI, RIL
- Hold Idea Cellular
- Like Maruti Suzuki, prefer Tata Motors
- Like Gateway Distriparks, Snowman Logistics
- Buy UltraTech Cement, Ceat; sell Motherson Sumi
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