Sensex soars over 500 pts | Nifty cracked 8,650

The equity market has strong comeback on Tuesday. Sensex surged more than 500 points an intraday trading. NSE Nifty 50 cracked its psychological level of 8,650 and settle at 8,677.90. Sensex was up 520.91 points or 1.9 percent to 28050.88. While Sensex started at the  27,529, After some time it goes for increasing direction and Hit an intraday high of 28,054 and touched a low of 27,652. Nifty bounced 157.50 points or 1.85 percent to 8677.90. Nifty also managed its crucial support  of level 8,600.  

Aurobindo pharma and Panjab National Bank rose by 3 percent. The biggest contributor of Sensex, Housing Finance company HDFC was up 3.82 percent lead by ITC, HDFC Bank L&T, Reliance Industries, Infosys and Axis Bank with a gain of 1.5-3 percent. Adani Ports was the major gainer, up 6.3 percent, while ONGC and Asian Paints were only losers in the Sensex.

Stock Experts Advice | Sensex down over 200 pts

On Wednesday equity market started with the flat note. Sensex trading at 27863.62, down 221.54 points or 0.79 percent. It touched a high of 28,143.28 and a low of 27,846.57 in morning trade. Nifty trading nearly its crucial level of 8,650. Nifty fell 70.10 points or 0.81 percent at 8608.15. It touched a high of 8,690.10 and a low of 8,593.60 in first 30 minutes of trade. About two shares declined for every share rising on BSE. BSE midcap index was down 0.87 percent at 12668.26. BSE smallcap index declined 0.73 percent at 12248.76. Bank Nifty fell over the one percent and trading at 18720.85. All sector showing weak on the sectoral basis, remaining realty and Pharma sector. In these Midea shares down 0.4 percent, FMCG shares 0.3 percent, and private Banking shares 0.2 percent    declined and showing on the red note. Adani Ports, TCS, NTPC, Bajaj Auto, and Bharti Airtel are the top gainers. While Lupin, ICICI Bank, Reliance, Dr Reddys Labs, and Tata Motors are the major losers in the Sensex.

Stock Tips By Experts - 

ONGC - Buy, Stoploss - 227 Rs, Target - 234 Rs

Axis Bank - Buy, Stoploss - 558 Rs, Target - 588 Rs

HUL - Buy, Stoploss - 924 Rs, Target - 950 Rs

Cairn India - Sell, Stoploss - 197 Rs, Target - 188 Rs

Stock in the news | Stock Market Tips By Experts

The domestic market opened on the strong note on Tuesday in early  trade. Sensex was trading 110 points or 0.40 percent at higher 28113. It's touched a high of 28,175.22 and a low of 28,000.94 in the morning session . Nifty rose 29.75 points or 0.34 percent at 8666. It's touched a high of 8,687.20 and a low of 8,635.30 in early trade. About 1065 shares advanced and 816 declined shares on Bombay Stock Exchange. The rupee opened at down 4 paise against dollar versus 66.74. BSE midcap index up 0.62 percent at 12786.97 and BSE smallcap indices rose 0.35 percent at 12364. Bank Nifty gained 0.34 percent at 18805. Tech Mahindra gained nearly 3 percent and ITC also gained nearly 3 percent on value buying. Oil & Gas Sector up 0.46 percent at 10649.60. TCS ( up 3.03 percent ), Tata Steel  ( up 2.71 percent ), Maruti Suzuki ( up 2.41 percent ), Wipro ( up 2.33 percent ), Dr Reddys Labs  ( up 1.62 percent ) were the major gainers on BSE Sensex. ICICI Bank ( down 5.19 percent ), Larsen ( down4.12 percent ), BHEL ( down 2.74 percent ), Adani Ports ( down 1.68 percent ), Lupin  ( down 1.00 percent ), were the major losers in the Sensex.

Today's stock market Tips by Experts - 

M&M - Buy, Stoploss - 1454 Rs, Target - 1510 Rs

Apollo Hospital - Buy, Stoploss - 1360 Rs, Target -1402 Rs