Markets Hit Fresh Life Highs And Experts Say Bull Run Is On; Top 20 Stock Bets

MUMBAI: The markets are on a roll, with the Sensex and Nifty making fresh life highs, led by gains in banks, auto and energy counters.

The new life high for Sensex is 26,356.24; and that for Nifty is 7,865.85.

The Nifty extended its winning streak for fifth consecutive session and hit an all-time high as FIIs continued to pump in dollars in Indian markets on expectations of pick-up in economy

Sudip Bandyopadhyay, President, Destimoney Securities, is of the view that the market will continue to move upwards.

“A lot of FIIs money is coming out of Russia into Indian markets through BRICS fund. Domestic investors are also entering the market and that is providing support,” said Bandyopadhyay.

At 2:02 p.m.; the 50-share index was at 7,860.95, up 69.25 points or 0.89 per cent. It touched an all-time high of 7,865.85 and a low of 7,779.20 in trade today.

The S&P BSE Sensex was at 26,340.82, up 237.59 points or 0.91 per cent. It touched an all-time high of 26,356.24 and a low of 26,075.28 in trade today.

Sandeep Tandon of Quant Broking is of the view that market went through consolidation in the last three months. It is light at the moment and looks set for next leg of upmove.

The CNX Midcap Index rallied 1.27 per cent and the CNX Smallcap Index surged 2.10 per cent.

Among the sectoral indices, the CNX Bank Nifty was up 1.49 per cent, the CNX Auto Index gained 1.02 per cent, the CNX Energy Index rose 1.42 per cent.

The CNX FMCG Index was down 0.75 per cent and the CNX IT Index slipped 0.51 per cent.

BPCL (up 5.25 per cent), Axis Bank (up 3.11 per cent), Tata Power (up 3.04 per cent), BHEL (up 2.91 per cent) and Tata Motors (up 2.87 per cent) were among the major Nifty gainers.

ITC (1.92 per cent), Infosys (1.01 per cent), HCL Tech (0.80 per cent), HDFC (0.70 per cent) and TCS (0.68 per cent) were among the index losers.

The market breadth was positive on the NSE with 1090 gainers against 425 losers.

Foreign institutional investors were net buyers worth Rs 625.18 crore and domestic institutional investors were net buyers worth Rs 135.75 crore on Thursday as per the provisional data from the National Stock Exchange.

D-Street highlights @ 2 pm

Cairn India: Plan pipeline to connect field to Gujarat gas grid

Cairn India: Sees significant gas volume potential in Rajasthan

Cairn India: Raageshwari deep field may hold 1-3 TCF gas

ET NOW ALERT: Top Gainer On CNX Small Cap Index Alok Inds Price:12.3 Change: +1.35 Percent Change: +12.33%

ET NOW ALERT: Up For 2nd Day CNX SMALL CAP Price:4979.95 Change: +118.3 Percent Change: +2.43%

ET NOW ALERT: Top Gainer On CNX 200 Index AIA Engineering Price:844 Change: +56.6 Percent Change: +7.19%

Sources Say: JSW Energy in talks to buy Bina, Nigrie power assets of JP Power

Sources Say: JSW Energy says: Continue to evaluate opportunities

Sources Say: Bina Power Plant's EV is pegged at around Rs 3,500 cr

Sources Say: Alert: JP's Nigrie Thermal Power project to have capacity of 1,320 MW

ET NOW ALERT: All 12 lenders in Bank Nifty post gains Tata Motors To ET NOW: Plan to increase exports by 25% over the next 3 years

Tata Motors To ET NOW: Co to launch 25 new commercial vehicles in FY15

Tata Motors To ET NOW: Will spend Rs 1,200-1,500 cr this fiscal on new product development

Tata Motors To ET NOW: Expect FY15 M&HCV sales to be 10% higher than last fiscal

Adrian Mowat: Spike in crude oil prices can derail India's growth story

ET NOW ALERT: Hits Fresh Record High SENSEX Price:26297.42 Change: +194.19 Percent Change: +.74%

Adrian Mowat: Underweight on consumer staples, defensive stocks

Adrian Mowat: India's divestment programme has potential to take mkt higher

@ 1 pm

Quant Broking: Bullish on IT stocks on good US economic recovery

Quant Broking: Not optimistic on auto stocks currently

Quant Broking: Positive on mid-cap pharma, cement stocks

Quant Broking: Bullish on pharma, cement, IT banks, PSU oil & gas stocks

Quant Broking: Market is poised for next leg of the bull rally

ET NOW ALERT: Hits Fresh Record High NIFTY Price:7840.3 Change: +48.6 Percent Change: +.62%

JUST NOW: Harsh Mariwala raises stake in Marico Kaya to 2.21% from 1.94%

Atlanta: Signed an agreement with Gujarat Govt to set up entertainment city

Fin Min Sources: Alert: In 2008, UTI AMC deferred IPO plans

Fin Min Sources: Alert: SBI, BoB,PNB,LIC currently hold 74% stake in UTI AMC

Fin Min Sources: SBI, BoB, PNB to seek board approval to cut stake in UTI AMC

Fin Min Sources: Government looking to list UTI AMC

@ 12 pm

Edelweiss Financial: Q1 IIP growth has been at 4%, indicating a sharp pick up

Edelweiss Financial: Expect exports to grow at 7-8% on a monthly basis

Edelweiss Financial: Need to monitor export demand from US, Europe & Japan

Edelweiss Financial: Trade deficit is not a concern at current juncture

Edelweiss Financial: Agri output remains weak due to delayed monsoon

Edelweiss Financial: Lower crude oil prices will help inflation to cool off as well

Edelweiss Financial: Crude oil prices correcting is positive for twin deficits

Mythili Bhusnurmath: IEA has stated oil consumption may be lower than last year

Mythili Bhusnurmath: Most economic data is within consensus estimates

Mythili Bhusnurmath: Economic data in Q1 has not been disappointing

Mythili Bhusnurmath: Expect EXIM policy to be announced by end of the month

Reliance Comm: Expect to bring down debt by another Rs 10,000 cr

Reliance Comm: Net debt to EBITDA ratio to be below 2.5-3 levels

Reliance Comm: Thrust on CDMA biz has helped achieve a turnaround

Reliance Comm: Had a healthy revenue growth of Rs 4,571 cr, up 2% QoQ

Reliance Comm: Net debt on books at Rs 35,500 cr from Rs 40,000 cr previously

Reliance Comm: Raised Rs 6,100 cr in Q1 via QIP; Promoters invested Rs 1,300 cr

@ 11 am

Meghmani Organics: Have completed investments in capex for FY15

Meghmani Organics: Aim to grow by 25% in topline & bottomline in FY16

Meghmani Organics: PAT likely to be around Rs 55 cr in FY15
Meghmani Organics: Expect a topline of Rs 1,550 cr & EBITDA of Rs 250 cr for FY15

Meghmani Organics: Target a business of Rs 600 cr for agro chemicals segment

ET NOW ALERT: 1.21 Lk Shares Trade In A Block Axis Bank Price:382.7 Change: +4.9 Percent Change: +1.3%

HSBC AMC: Constructive on select financial stocks

HSBC AMC: NPAs for banks will remain a overhang till economy recovers

HSBC AMC: Expect a real change in economy only by 2015

ET NOW ALERT: 50,000 Shares Trade In A Block Ambuja Cem Price:214.85 Change: +3.95 Percent Change: +1.87%

HSBC AMC: Recommend being invested in quality stocks

HSBC AMC: Will remain selectively invested in consumer stocks

HSBC AMC: Oil & gas stocks will move up if under-recoveries continue to fall

HSBC AMC: Upside in auto stocks seem to be overstated

HSBC AMC: Will adopt a wait & watch strategy on oil & gas stocks

RCF Says: Need to look for overseas JVs for phospahtic fertiliser

RCF Says: Govt is looking at restarting urea plants which have shutdown

RCF Says: Gas availability & pricing issues need to be sorted for fert sector

@ 10 am

Reliance Capital: Waiting for all bank licence guidelines before applying

Reliance Capital: Expect profit growth of 15% to continue for AMC biz

Reliance Capital: Commercial finance loans have grown by 10-11% on YoY basis

Reliance Capital: Premium growth in general insurance at 11% in Q1

Adi Godrej: Govt's reforms need to be implemented quickly

Adi Godrej: Hope GST is implemented by April 2015

Adi Godrej: PM Modi's August 15 speech will have an impact

Dimensions Consulting: Have been building position in Reliance Infra

Dimensions Consulting: Jubilant Foods is an expensive stock at current levels

Dimensions Consulting: Prefer Indian Oil & BPCL to ONGC

Dimensions Consulting: Remain bullish on Pharma, FMCG, IT sectors

Dimensions Consulting: Will focus on quality stocks which aren't highly leveraged

ICICI Direct: Prefer TCS to Infosys at current juncture

United Bank: Bank consolidation will be positive for the sector

ICICI Direct: New management of Infosys will be positive for stock

United Bank: Bhushan Steel remains a standard account

United Bank: Bankers to meet on Bhushan Steel loans today

United Bank: Set a target of Rs 1,200-1,300 cr for recovering bad loans

ET Now spoke to various experts and here's what they have to recommend for today's trade:

Ashwani Gujral of ashwanigujral.com

Yes Bank Ltd is a 'BUY' call with a target of Rs 575 and a stop loss of Rs 540

Bharat Forge Ltd is a 'BUY' call with a target of Rs 790 and a stop loss of Rs 766

IndusInd Bank Ltd is a 'BUY' call with a target of Rs 575 and a stop loss of Rs 540

RIL Ltd is a 'BUY' call with a target of Rs 1040 and a stop loss of Rs 990 Sandeep Wagle, Founder & CEO, Power My Wealth

Yes Bank Ltd is a 'BUY' call with a target of Rs 575 and a stop loss of Rs 544

BPCL is a 'BUY' call with a target of Rs 688 and a stop loss of Rs 623

AIA Engineering Ltd is a 'BUY' call with a target of Rs 910 and a stop loss of Rs 826

Tata Motors Ltd is a 'BUY' call with a target of Rs 528 and a stop loss of Rs 480

Prakash Gaba, CFT, prakashgaba.com

HDFC Bank Ltd is a 'BUY' call with a target of Rs 845 and a stop loss of Rs 825

Tata Motors DVR is a 'BUY' call with a target of Rs 370 and a stop loss of Rs 345

ZEE Entertainment Ltd is a 'BUY' call with a target of Rs 285 and a stop loss of Rs 273

Abhishek Karande, CMT, Technical Analyst - Institution Research, SBICAP Securities

M&M Financial Services Ltd is a 'BUY' call with a target of Rs 300 and a stop loss of Rs 248

HPCL is a 'BUY' call with a target of Rs 465 and a stop loss of Rs 409

UltraTech Cements Ltd is a 'BUY' call with a target of Rs 2850 and a stop loss of Rs 2610

Mayank Mehta, Derivative Analyst, KIFS Securities

IndusInd Bank Ltd is a 'BUY' call with a target of Rs 575 and a stop loss of Rs 525

Hero MotoCorp Ltd is a 'SELL' call with a target of Rs 2450 and a stop loss of Rs 2600

Lupin Ltd is a 'BUY' call with a target of Rs 1225 and a stop loss of Rs 1150

A K Prabhakar, Independent Market Expert

L&T Ltd is a 'BUY' call with a target of Rs 1600 and a stop loss of Rs 1480

Yes Bank Ltd is a 'BUY' call with a target of Rs 610 and a stop loss of Rs 538

Rallis India Ltd is a 'BUY' call with a target of Rs 254 and a stop loss of Rs 214

(Views and recommendations expressed in this section are the analysts' own and do not represent those of EconomicTimes.com. Please consult your financial advisor before taking any position in the stocks mentioned.)