Indian Stock markets have recouped to new highs recently on the back of growing optimism toward the outlook for the economy. Nifty advanced on strong note in this week and getting over 2 percent, bringing some relief to the participants.
Among the BSE sectoral indices, Metal index was up 5.1% , Auto index up 4.1% and Realty index up 3.85% being the top gainers. The Oil and Gas index, PSU index and Bankex gained between 2.5% and 3.4%.
Other major gainers for the week include Adani Ports (up 7.4%), Yes Bank (up 6%), Tata Steel (up 5.9%) and Tata Motors (up 5.45), while losers of the week included Bharti Infratel (down 7.2%), Sun Pharma (down 6.5%), TCS (down 1.2%) and GAIL (down 0.8%).
BUY Grasim with targets 885/890/895 and Stop loss 870
BUY Bajaj Auto with targets 2740/2750/2760 and Stop loss 2690
SELL Apollo Tyres with targets 196/195/194 and Stop loss 201
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