Christmas cheers lightened up Dalal Street as bull’s kick-start the week in high spirits. Markets ended the first trading day of the truncated week on a firm note amid fresh buying interest as investors heaved a sigh of relief after the uncertainty over the US Federal Reserve interest rate hike got over last week. A stellar rally was seen across the metal stocks after the government decided to slate a minimum import price (MIP) for steel in order to prevent cheap imported steel from flooding the market. The S&P BSE Sensex surged 217 points to end at 25,736 and the Nifty50 climbed 73 points to end at 7,834 with support from banks, metals and FMCG stocks.
Daily Stock Tips and Recommendation
Buy LYKA Labs above 129, Targets are 130, 131 and 132, Stop loss at 127
Buy Pratibha Industries above 51, Targets are 52, 52.50 and 53, Stop loss at 50
Sell NCL India below 166.50, Target 165, 163.50 and 162, Stop loss at 169.50
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