The market closed off its day's high on Tuesday as profit
booking in metals and select financials wiped out nearly two third of its gains
in last couple of hours of trade.
While reacting to the marginal standing facility (MSF) rate
cut, the Sensex surged as much as 255 points in intraday trade, but the gains
could not last long. At closing, the index rose just 88.51 points to 19983.61
while the Nifty was up 22.25 points to 5928.40 amid volatility.
European Markets
European markets too closed with cuts. The FTSE 300 Index
closed provisionally down 0.7 percent to 1,232.61 points, with Britain's FTSE
100 closing down 1 percent, a fresh three-month low.
Asian Markets
Japan's Nikkei, the Shanghai Composite and Australia's
S&P ASX 200 all erased their early losses to enter into positive territory
and South Korea is shut for a public holiday.
√ Buy Fortis Healthcare, Target Rs 101.20 and Stoploss Rs 95
√
Buy Punj Lloyd, Target Rs 30 and Stoploss Rs 26
√
Buy Godrej Industries, Target Rs 280 and Stoploss Rs 270
√
Buy Adani Enterprises , Target Rs 163 and Stoploss Rs 155.50
√
Buy LIC Housing Finance, Target Rs 219 and Stoploss Rs 203
√
Buy Berger Paints, Target Rs 228 and Stoploss Rs 220
√
Buy Reliance Communications, Target Rs 158 and Stoploss Rs
151
√
Buy Exide Industries, Target Rs 139 and Stoploss Rs 128
√
Buy Crompton Greaves, Target Rs 99 and Stoploss Rs 93
√
Buy Lupin, Target Rs 935 and Stoploss Rs 905
√
Sell HDFC, Target Rs 635, Rs 645 and Stoploss Rs 655
√
Sell Tata Power, Target Rs 84, Rs 85 and Stoploss Rs 88