Stock Market Update: Strong buying is being seen in the domestic stock market amid mixed global signals. In today’s business, both the Sensex and Nifty indices are seeing good growth. Sensex has strengthened by more than 500 points. Whereas Nifty has also gone beyond 17900. All-round shopping is being seen in today’s business.
IT stocks are the biggest gainers. The IT index on Nifty has gained 1.5 per cent. Bank, financial, pharma and auto indices are also showing gains of more than half per cent. While the realty index has gained about 1 percent.
There is also buying in other sectors. At present, the Sensex is up by 527 points and is trading at the level of 60,486.87. While Nifty is up 142 points at the level of 17929. Today there is a buy in heavyweight stocks. 29 stocks of Sensex 30 have closed in the green mark. Today’s top gainers include INFY, HUL, DRREDDY, TECHM, HCLTECH, BHARTIARTL, SBI, AXISBANK, TCS.
Global signs are looking better for the domestic stock market today. Buying is being seen in major Asian markets in today’s business.
Whereas on Friday, the US markets also saw a rise. There is a slight softening in Brent crude. Crude is at $ 95 per barrel in the international market. US crude is also trading at $88 per barrel. The 10-year bond yield in the US stands at 4.042 per cent.
Brokerage house ICICI Securities has given ADD advice in the stock and has set a target price of Rs 10494. Brokerage house Motilal Oswal has given investment advice on Maruti Suzuki and has a target price of Rs 11,250. CITI has given investment advice in the stock of Maruti Suzuki. The target price for the share has been kept at Rs 12500. Jefferies has also advised to invest in Maruti Suzuki with a target of Rs 12000.
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