Stock Market Today
The Indian market opens for trade the first day of the week on a soft note. On Friday, the US markets ended mixed with the Dow down 55 odd points while Asia is in the red at this hour. Sensex is trading at 15774, down 74 points from its previous close, and Nifty is at 4725, down 20 points. CNX Midcap index is down 0.1% and BSE Smallcap index is up 0.2%. The market breadth is negative with advances at 240 against declines of 252 on the NSE.
Buy Pantaloon Retail with a target of Rs 167, says Anil Manghnani of Modern Shares and Stockbrokers on Zee Business. The stock is currently trading at Rs 150.15, up 1.1% on the BSE.
Buy GMR Infra with targets of Rs 24 and 26 and stop loss of Rs 21. The stock is currently trading at Rs 23.10, up 1.8% on the BSE.
Buy Chambal Fertilisers with a target of Rs 95 and stop loss of Rs 79. The stock is currently trading at Rs 87.40, up 4% on the BSE.
