Sensex rises 250 pts; Nifty tops 10,550 on positive global cues

The benchmark indices were trading positive with the Nifty50 reclaiming its crucial 10,550 mark on sustained buying in metal, auto, capital goods and banking stocks.
Sentiments bolstered in all Asian markets too following positive cues from Wall Street.

At 11:20 am, the S&P BSE Sensex was trading at 34,396, up 254.30 points, while broader Nifty50 was ruling at 10,566, up 75.60 points. 

Major gainers include IndusInd Bank, Tata Motors, Adani Ports, and Larsen & Toubro, rising up to 3 per cent on the Sensex.

TRENDING NOW

Sebi plans to introduce 'fast track' concept for public issuance of debt securities

China's consumer prices fall fastest in 3 years, factory-gate deflation deepens

Investors to focus on inflation data from India, US: Data

NT Awards 2023: Zee Business shines in five categories

Finance Ministry to empanel merchant bankers, law firms for disinvestment via OFS, dribbling

Animal Box Office Collection: Ranbir Kapoor-starrer touches Rs 600 crore mark worldwide | Check OTT release details

FPIs invest Rs 26,505 crore in equities in 1st six sessions of December

COVID-19 Update: India records 148 new coronavirus cases, infection tally stands at 4.50 crore

NPS (National Pension System): How to create a corpus of Rs 5 crore with Rs 442 investment/day? After retirement, you will get Rs 2.5 lakh every month

Delhi Weather Update: National Capital records minimum temperature at 8.5°C

CLAT 2023 result to be released today on consortiumofnlus.ac.in - Final answer key out

Tata Group submits application to set up semiconductor processing plant in Assam: CM Sarma

Need to follow consistent EV policy, no need for company-specific sops: FICCI EV Committee Chair

Government approves 100% packaging of food grains in jute bags

Manu Ahuja, CEO of Jubilant Agri and Consumer Products, passes away

Among losers, Dr Reddy's (down 1.5 per cent), Sun Pharma (down 1.1 per cent) and Infosys (down 0.9 per cent) shed the most on Sensex. 

Also read: HG Infra IPO: Issue hits primary market; brokerages recommend 'subscribe'

Meanwhile, on a net basis, DIIs bought equities to the tune of Rs 1,514.03 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 486.32 crore on Friday, provisional data showed.

Among Asian markets, Japan's Nikkei was trading higher by 0.82 per cent. Hong Kong's Hang Seng up 0.54 per cent and Shanghai Composite 0.31 per cent higher.
The US Dow Jones Industrial Average ended 1.39 per cent higher on Friday's trade.

Below are key trading tips for today's trade:

1) ASTRA MICROWAVE 

Target: Rs 98
Stoploss: Rs 91 
CMP: 92.50

• Pullback after a consistent fall in last week
• Buying at lower levels with volumes 

2) DOLPHIN OFFSHORE 

Target: Rs 98
Stoploss: Rs 91 
CMP: Rs 92.30

• Crude prices traded higher last wekk
• NYMAX crude trading near $64

3) TATA GLOBAL

Target: Rs 276
Stoploss: Rs 267 
CM: Rs 270

• Pullback on short-term chart after seven-session fall
• Pullback after a good support at 100-DEMA

4) KITEX GARMENTS 

Target: Rs 253
Stoploss: Rs 242 
CMP: Rs 246.40

• Stock closed at day's high level in the previous session
• 51% delivery volume in stock for last five sessions

5)  SUPRAJIT ENGINEERING 

Target: Rs 280
Stoploss: Rs 270 
CMP: Rs 273.90

• Third quarter results were robust 
• The stock corrected even as strong Q3 results 

6)  JAMNA AUTO INDUSTRIES 

Target: Rs 84
Stoploss: Rs 78 
CMP: Rs 79.35

• The stock remained strong on the daily chart during broader correction in the market
• Bying at the lower levels; stock jumped from 50-DEMA

7) HCL INFOSYSTEMS 

Target: Rs 66
Stoploss: Rs 63 
CMP: Rs 63.90

• Buying momentum in small and midcap IT stocks 
• The stock gained in last two sessions after profit-booking of five-session

8)  OIL COUNTRY TUBULAR 

Target: Rs 45
Stoploss: Rs 43 
CMP: Rs 43.30

• Crude prices jumped
• NYMAX tradinf near $64

(Stocks mentioned here are for informational purpose. Consult your financial advisor before investing.)