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Nifty breaches 8,000-mark for first time, Sensex hits new peak; top 20 bets [Yerepouni Daily News (Armenia)](Yerepouni Daily News (Armenia) Via Acquire Media NewsEdge) The 50-share Nifty Index managed to scale past its crucial psychological level of 8,000 for the first time in trade on Monday. The BSE Sensex also logged a new peak of 26,854.55 on the back of positive economic growth data for the April-June quarter. India’s economy expanded at its fastest pace in more than two years in the April-June quarter. India’s GDP grew at 5.7 per cent in the first quarter of 2014-15, exceeding expectations. Global investment bank, BofA-ML is of the view that corporate earnings and markets are set to double in the next 4 years. “We continue to reinforce our message that earnings are set to double over next 4 years to FY18 and market returns could mirror earnings growth,” said Jyotivardhan Jaipuria, Research Analyst at DSP Merrill Lynch (India) and Anand Kumar of DSP Merrill Lynch. “We continue to be bullish in the long-term on the Indian market and believe that buying on dips is a particularly compelling strategy. Our bullishness is driven by the bottoming of the earnings cycle,” added Jaipuria. At 1:17 p.m.; BSE Sensex was trading 192.51 points higher at 26,830.62. It hit a fresh record high of 26,854.55 and a low of 26,732.39 in trade today. The Nifty was at 8,014.65 up 60.30 points or 0.76 per cent. It touched a fresh record high of 8,023.30 and a low of 7,984.00 in trade today. D-Street highlights @ 1 pm PM Modi woos Japan to strengthen trade ties with the nation Nifty scales past 8000 milestone, Buying momentum in PSUs continues Sharda Cropchem: To raise up to Rs 350 cr by selling 22.56 mn shares Fin Min Sources: Moody’s to meet Fin Min officials on September 8 Fin Min Sources: May meet RBI in Sept last week on Oct-March borrowing plan Prime Focus: Sin City is a very ambitious project of the co RBS : RBI target of 6% inflation by FY16 seems little difficult RBS : Govt must take advantage of the stable global environment RBS : Govt must create sustainable environment for investments RBS : Services sector growth is very positive, can be sustained RBS : Need to see some stability in the investment activity @ 12 pm August Auto Sales: Eicher Motors exports at 522 units vs 354 unit YoY KFA has filed a PIL against UBI in Supreme Court KFA dirs are AK Ganguly, Subhash Gupte, Ravi Nedungadi KFA Mgmt did not appear before UBI Grievance Redressal Cell UBI declares 3 directors of KFA as wilful defaulter United Bk of India declares KFA, Vijay Mallya as wilful defaulters Govt : PSU cos’ FY15 subsidised fuel loss seen at Rs 91,665 cr Govt : PSU cos’ loss on subsidised LPG sale for Sept seen at Rs 427.82/cyl Govt : PSU cos’ loss on kerosene sale for Sept seen at Rs 32.83/ltr Govt : PSU cos’ Sept 1-15 subsidised fuel loss seen at Rs 195 cr/day @ 11 am Dredging Corp divestment to meet SEBI public float norm Trial court to next hear CBI closure report on Hindalco on Sep India Aug HSBC manufacturing PMI at 52.4 vs 53 in July August Auto Sales: Maruti Suzuki total sales at 1.10 lk units, up 57% YoY August Auto Sales: Maruti Suzuki domestic sales at 98,304 units, up 10.3% YoY Info Edge: IIFL is the banker to QIP for Info Edge: Sources Info Edge: Company to launch Rs 750 cr QIP tomorrow: Sources Punj Lloyd to consider debt private placement on Sept 3 ValueQuest Investment: Recommend buying Tech Mahindra on dips ValueQuest Investment: Have a core holding in e-Clerx, co is growing at 10-12% ValueQuest Investment: Buying into good cos which are going through a rough phase Naina Lal Kidwai: GST Bill to add around 2% to the GDP when is comes into effect Naina Lal Kidwai: See focused effort from FM to ensure GST Bill is passed soon Naina Lal Kidwai: See green shoots emerging in the economy ET NOW ALERT: BPCL hits fresh record high on CNX PSE Index ET NOW ALERT: SAIL, NMDC, GAIL top gainers on CNX PSE Index StanChart Bank: Domestic side looks reasonably optimistic at the moment StanChart Bank: Stable fiscal deficit, lower oil prices positive for the macros StanChart Bank: Domestic macro situation is improving StanChart Bank: Deficit monsoon has not resulted in food inflation as of now @ 10 am M&M : Announcement of FDI in defence is a very positive move M&M : Multi-billion Dollar worth biz to be created in defence segment Ambit Invst Advisors: Markets may double from hereon in the next 2-3 years Ambit Invst Advisors: Any correction to come only when the global market corrects Ambit Invst Advisors: Tata Steel, Hindalco, Hind Zinc top picks in the metal space Ambit Invst Advisors: Govt needs to take a lot more measures Ambit Invst Advisors: Haven’t seen any big reforms over the last 100 days PM Modi: Q1 GDP growth of 5.7% has given confidence NCC sets rights issue price at Rs 20/share IDFC Securities: ONGC is the biggest benficiary of the price hike IDFC Securities: Hike in diesel prices is very positive move by the Govt Deutsche Bank: Don’t think high inflation will persist for too long Deutsche Bank: Seeing some problems in the power, coal sector in India Deutsche Bank: Stable Rupee, oil prices is very positive for Indian economy Deutsche Bank: Expect commodity prices to remain stable going ahead ET Now spoke to various experts and here’s what they have to recommend for today’s trade: Ashwani Gujral of ashwanigujral.com CESC Ltd is a ‘BUY’ call with a target of Rs 735 and a stop loss of Rs 708 Maruti Suzuki Ltd is a ‘BUY’ call with a target of Rs 2850 and a stop loss of Rs 2800 Voltas Ltd is a ‘BUY’ call with a target of Rs 262 and a stop loss of Rs 245 Kotak Mahindra Bank Ltd is a ‘BUY’ call with a target of Rs 1100 and a stop loss of Rs 1035 Mitesh Thacker of miteshthacker.com Bharti Airtel Ltd is a ‘BUY’ call with a target of Rs 388 and a stop loss of Rs 370 IOC Ltd is a ‘BUY’ call with a target of Rs 390 and a stop loss of Rs 362 Titan Company Ltd is a ‘BUY’ call with a target of Rs 385 and a stop loss of Rs 363 Yes Bank Ltd is a ‘BUY’ call with a target of Rs 615 and a stop loss of Rs 574 Sandeep Wagle, Founder & CEO, Power My Wealth L&T Ltd is a ‘BUY’ call with a target of Rs 1630 and a stop loss of Rs 1540 Apollo Tyres Ltd is a ‘BUY’ call with a target of Rs 182 and a stop loss of Rs 168 IndusInd Bank Ltd is a ‘BUY’ call with a target of Rs 620 and a stop loss of Rs 585 Prakash Gaba, CFT, prakashgaba.com HPCL is a ‘BUY’ call with a target of Rs 475 and a stop loss of Rs 459 ICICI Bank Ltd is a ‘BUY’ call with a target of Rs 1620 and a stop loss of Rs 1560 L&T Ltd is a ‘BUY’ call with a target of Rs 1600 and a stop loss of Rs 1536 V N Giri Saladi, Vice President – Research, K C Securities Pvt. Ltd REC Ltd is a ‘BUY’ call with a target of Rs 305 and a stop loss of Rs 260 HCL Technologies Ltd is a ‘BUY’ call with a target of Rs 1790 and a stop loss of Rs 1600 TVS Motor Company Ltd is a ‘BUY’ call with a target of Rs 200 and a stop loss of Rs 184 Kunal Saraogi, CEO, www.equityrush.com LIC Housing Finance Ltd is a ‘BUY’ call with a target of Rs 320 and a stop loss of Rs 304 HPCL Ltd is a ‘BUY’ call with a target of Rs 470 and a stop loss of Rs 455 IndusInd Bank Ltd is a ‘BUY’ call with a target of Rs 620 and a stop loss of Rs 586 (c) 2014 Yerepouni Daily News. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info). |