NIFTY and Sensex are on the same road and surged higher than their previous closes of 10684.50 and 35178.88 respectively. SENSEX added 235 points from its previous close and opened at 35414.62.
As per the report of World Bank, India is the fastest growing economy for next 3 years and one of the emerging markets. And India is expected to grow at a rate of 7.3% for FY19 and 7.5% for next two years. Top5 gainers in NIFTY 50 are ICICI Bank, HINDALCO, HINDUNILVR, INFY, and Bajaj-Auto etc.
Manas Jaiswal of Hindalco Industries Ltd. recommended keeping a stop loss at Rs 243. Infosys was like the light at the end of the tunnel has fared well over time in a volatile stock market. Which is why it’s the top pick of many investors to invest in.
There are stocks in the radar of many companies like Aditya Birla Group has approved the allotment of 5,843 fully paid-up equity shares of Rs 10/- each. Even QUESS CORP has approved sale of 74 percent equity shareholding held in Inticore VJP Advance Systems. Apart from this, Lemon Tree and Kirloskar are also on this list.