Markets ahoy for the 7th consecutive day - Feb 17, 2012
The Indian stock markets continued their uptrend for the 7th consecutive day with selective buying taking stocks to new highs. The SENSEX closed at 18289.35 points gaining 135.36 (0.75%) while the NIFTY closed at 5564.30 adding 42.35 (0.77%). In fact the markets were way up at the opening of the trade but cooled off and managed to stay at a comfortably higher levels by closing time.
CLSA has maintaind a SELL rating on BHEL with a price target of Rs 250 per share. BHEL closed at Rs. 303.55 gaining Rs. 19.00 (6.68%) in trade today. The jump today was on NTPC order hopes but analysts appear to be not convinced.
LIC to pick 5% in Punjab & Sind Bank. The script jumped to Rs. 88.30 levels up Rs. 2.40 (2.79%). In fact, mid-cap PSU banks are all in the limelight and attracting buyer attention with some or the other news flow stepping in.
Add commentFebruary 17th, 2012