Indian stock market opened flat with the Sensex trading up with positive leads, while Nifty stuck below 8600. Banking sector is leading up the today’s session with giving a big support to the market. Sensex is currently live at 27724.64 with the gain of 51.04 points, while Nifty live at 8583.25 with the drop of 0.15 points. In broader market, BSE Bank Nifty and BANKEx indices hiked up more than 1%, Small cap has gained 0.59%, while Mid cap index is only 0.09% up.
Best Stocks to Buy
- On the second quarter of financial year 2017, the total profit of DCB Bank has been increased by 31.4% and beacame 48.5 crore rupees. Last year the total profit was around 36.9 crore rupees. DCB Bank is currently trading with the hike of 2.46%.
- The non-promoter entities have got approval to sell the 5% stakes in SBI life. SBI shares took a big jump after the announcement and currently trading up with the profit of 1.23%.
The banking sector is already paced up today and these news will give a big support for banking stocks. According to experts buying here for intraday will be beneficial for the traders.
Free Intraday Tips, 17th October, Monday
Buy DCB Bank above: 126.56 Targets: 129.33 — 132.18 — 135.07 Stoploss : 123.77
Buy SBI Bank above: 256.00 Targets: 259.89 — 263.93 — 268.01Stoploss : 252.02