Bulls came back in power on Monday as equity benchmarks rallied sharply after losing 2 percent last week. Late buying in technology, auto, FMCG and banks lifted the Sensex above 25000-mark and Nifty above 7650 level ahead of Q4 and FY16 earnings that will start on April 15 with Infosys results. The Sensex rose 348.32 points or 1.41 percent to 25022.16 and the Nifty climbed 116.20 points or 1.54 percent to 7671.40. Telecom stocks are trading higher after Bharti Airtel Ltd, India’s largest phone company, will spend Rs.3,500 crore to acquire fourth generation (4G) spectrum from Aircel Ltd in eight telecom zones as it prepares for a high-stakes battle with Reliance Jio Infocomm Ltd.
Stock Intraday Tips Tomorrow: 12th April
Buy DCM Shri Ram above 170, Target 171.70, 173.40, 175.10, Stop loss at 166.60
Buy Orchid Pharma above 44, Intraday Targets are 44.50, 45 and 45.50, Stop loss at 43
Sell WELCORP below 101.50, Target for intraday trading are 100.50, 99.50 and 98.50, Stop loss at 103.50