Equity benchmarks recovered early losses with the Nifty rising over 8600 level on first day of November series. Select Tata Group stocks like Tata Motors (up 2.6 percent) and Tata Steel (up 1.7 percent) rebounded sharply on short covering after sharp sell-off in previous three consecutive sessions due to Tata-Mistry issue. The 30-share BSE Sensex was down 17.84 points at 27898.06 and the 50-share NSE Nifty gained 7.65 points at 8622.90 while the broader markets outperformed benchmarks. The BSE Midcap and Smallcap indices gained nearly 1 percent each on strong breadth. About two shares advanced for every shares declining on the exchange. Tech Mahindra maintained its rally of 6 percent after strong dollar revenue growth of 5 percent QoQ in constant currency.
Today’s Top Gainers : Tech Mahindra, Tata Motors (D), Coal India, Tata Motors, Zee Entertain
Today’s Top Losers : ICICI Bank, Cipla, Gail, Bharti Airtel, Bosch
Shares to Buy Today
- GMR Male Airport, which is the subsidairy of GMR Infra has won the arbitration against the Maldive’s Government. Now, GMR Male will get the compensation of 2700 crore rupees.
- In the second quarter of fnancial year 2017, Astec Life has received the profit of 11.2 crore rupees. In the fiscal year 2016, this profit was 2 crore rupees.
- Moil has be tied with the Madhya Pradesh Government. For the business expansion, MP Government has also made a deal with NMDC.
Free Stock Tips for Today (Friday) : 28th October
Buy GMR Infra above: 14.12 Targets: 14.19 — 14.21 — 14.29 Stoploss : 14.05
Sell Astec Life below: 540.56 Targets: 535.03 — 529.26 — 523.53 Stoploss : 546.39
Sell Moil below: 324.00 Targets: 319.68 — 315.22 — 310.80 Stoploss : 328.52