Benchmark indices settled the day flat even ahead of December factory output later today on hopes of reviving an economy. The factory output grew by 5.7% in November even after the note ban announced by PM Narendra Modi. The sentiment was also affected as Asian shares rallied to an 18-month peak on Friday, as investors cheered upbeat Chinese trade data. Nifty 50 continued to around 8,800 levels, gaining for the third consecutive week, led by TCS, Grasim, Tech Mahindra and Infosys.
The BSE Sensex index rose 0.4% this week while the NSE added 0.6% even after the RBI held rated for the second time and changed its stance to ‘Neutral’ from ‘Accommodative’ The S&P BSE Sensex settled the day at 28,334, up 4 points, while the broader Nifty50 ended at 8,793, up 15
points.
BUY CHENNPETRO ABOVE 385 TARGET 388.80, 392.60, 396.40 STOPLOSS 377.40
BUY VAIBHAVGBL ABOVE 488 TARGETS 492.80, 497.60, 502.40 STOPLOSS 478.40
BUY PFOCUS ABOVE 91 TARGETS 91.90, 92.80, 93.70 STOPLOSS 89.20
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