Key benchmark indices settled with modest gains as govt gave ascent to ordinance to change the Insolvency and Bankruptcy Code, 2016 perked up sentiment. The BSE Sensex advanced by 91.16 points at 33,679.24, while the NSE Nifty 50 rose 40.95 points to close at 10,389.70. Gains in global stocks also underpinned sentiment. Stocks gained for the seventh successive day.
Infosys, GAIL India, Kotak Mahindra Bank, Bajaj Auto and Aurobindo Pharma were the top gainers, whereas State bank of India, BHEL, Vedanta and Hindalco were the top losers.
Information Technology stocks gained for the second straight day. Infosys spiked 1.77%, Tech Mahindra rose up 1.03%, TCS rose 0.53%, HCL Technologies advanced 0.39%, and Wipro gained by 0.2%.
Reliance gained 0.47% after the company announced subsidiary of its Reliance Holding-USA has closed the sale of its upstream Marcellus shale assets in America to BKV Chelsea for USD 126 million.
Shares of Indian Hume Pipe Co. Ltd surged 1.52% after the company said it received an order of Rs119.73 crores from public health & municipal Engg dept, A.P.
Positive breadth floated in market with 1506 shares advanced against a decline of 1227 shares, while 154 shares were unchanged.
27 Nov Monday Stock Cash / Nifty Future best Stocks Recommendation-
BUY JAICORPLTD ABOVE 192.50 TARGETS, 194.50, 196.5, 198.5 STOPLOSS 188.5
BUY BAJAJELEC ABOVE 480.0 TARGETS 485, 490, 495 STOPLOSS 470
27 Nov Monday Stock Cash / Nifty Future best Stocks Recommendation-
BUY JAICORPLTD ABOVE 192.50 TARGETS, 194.50, 196.5, 198.5 STOPLOSS 188.5
BUY BAJAJELEC ABOVE 480.0 TARGETS 485, 490, 495 STOPLOSS 470
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