Indian markets staged a late recovery gaining around 200 points from intra-day lows, amid firm European cues, led by index heavyweights such as Infosys and Reliance Industries. The Sensex ended 135points up at 24,794 and the Nifty closed 47 points up at 7,532. Metal shares witnessed profit taking after global commodity prices eased. Overseas, European equities opened higher, shrugging off weak Asian cues. FTSE, DAX, CAC40 have gained between 0.3% and 1% each. In the commodity space, oil prices slipped 3% as Goldman Sachs suggested the rally was unsustainable and industry data showed US stockpiles reached record highs again last week.
Stock Tips Tomorrow
Buy Mukta Arts above 60, Targets are 60.60, 61.20 and 61.80, Stop loss at 58.80
Buy Dalmia Sugar above 100, Targets are 101, 102 and 103, Put stop loss at 98.
Sell Mark Sans below 48, Targets are 47.50, 47 and 46.50, Stop loss at 49 level.