Domestic benchmark index BSE Sensex tanked over 500 points in the early trade on Monday and Nifty 50 index slipped below 8,700-mark on account of febble global cues. At 10.22 am, Sensex was trading 392 points down at 28404.79, while Nifty was down 126.65 points at 8740.05. Among the 51 components in the Nifty index, 48 were trading in green with YES Bank, Hindalco, Hero MotoCorp, Axis Bank and ICICI Bank were down between 3 per cent and 4.42 per cent. However, Tech Mahindra, Infosys and Wipro were up between 0.27 per cent and 1.20 per cent.
Top NSE Gainers Today – Infosys, Tech Mahindra, HCL Tech, Wipro & Reliance
Top NSE Losers Today – Hindalco, Yes Bank, Bank of Baroda, Adani Ports and Tata Steel
Hot Stocks for Today
After the Target Group, the Walmart has also stopped the selling of the sheets of Welspun India due to the poor quality of cotton. 6% of the selling of the company comes from Walmart. The share price has already fell in the morning session but expected to recover soon.
The FII investment limit of Grasim Industries has been increased from 24% to 30%. Although this is a good news for Grasim, but the company’s stock has got affected by the overall market flow and showing any positive movement today.
Best Shares to Buy Today (Monday) : 12th September
Buy Welspun India above: 57.69 Targets: 57.82 — 57.98 — 58.14 Stoploss : 57.53
Sell Grasim below: 4672.26 Targets: 4657.52 — 4640.47 — 4623.45 Stoploss : 4689.36