Stock Market Today with Hot Stocks to Buy on 14th October 2013

The Sensex rose by 256 points on Friday to close at 20,529, on the back of firming hopes of a US deal to ensure that the country does not default on its debt, which lifted the mood of the investors. 



ICICI Bank , Infosys and Larsen and Toubro were the stocks that advanced the most while among sector indices, IT, Bankex and capital goods ended on an optimistic note. Market breadth was positive with 1,335 advances against 1,131 declines.  

The Nifty was up by 75 points and closed at 6,096. Today, we expect the markets to open on a flat to positive note on the back of firm global cues.  

US markets ended on a positive note with the Dow Jones and Nasdaq up by 0.7 percent and 0.8 percent, respectively, on speculation that lawmakers were making progress toward an agreement on raising the debt limit, to avoid a default. This week, US markets will witness data releases on unemployment claims and the Philly Fed manufacturing index.  

Asian stock markets are closed on account of a holiday. The SGX Nifty is trading down 8 points at 6,105. Indian ADRs ended on a positive note. Among financial ADRs, ICICI Bank and HDFC Bank were up by 2.7 percent and 0.8 percent, respectively. Among IT ADRs, Wipro and Infosys were up 4.9 percent and 6.2 percent, respectively. Tata Motors was up 6.2 percent.

Asian shares and US stock index futures fell and the safe-haven yen rose on Monday as a possible US debt default edged closer after the failure of weekend talks in Washington, though expectations are that a last-minute compromise will be reached, reported Reuters Singapore's Straits Times was down 0.32 percent or 10.27 points at 3,169.44. South Korea's Seoul Composite was flat at 2,023.12. Taiwan's Taiwan Weighted shed 0.91 percent or 75.91 points at 8,273.46.

China's Shanghai Composite was up 0.20 percent or 4.40 points at 2,232.55. Hang Seng and Nikkei shut today.

Stocks to Buy Today on 14th October 2013:


Buy Sintex Industries, Target Rs 26 and Stoploss Rs 23 

Buy Adani Enterprises , Target Rs 175 and Stoploss Rs 159  

Buy Idea Cellular , Target Rs 195 and Stoploss Rs 180 

Buy Chambal Fertiliser, Target Rs 39 and Stoploss Rs 37 

Buy Tata Chemical , Target Rs 258 and Stoploss Rs 244

Buy Tata Motors DVR , Target Rs 201 and Stoploss Rs 191

Buy Unitech , Target Rs 21 and Stoploss Rs 18