Indian Stock markets were trading positive at 2 pm IST with BSE Sensex higher by 200 points, backed by Capital Goods, Metals, PSU and Banking Stocks. NSE Nifty was up by 70 points at 2785. Among major gainers were Real Estate majors DLF and Unitech. Tata Steel gained further ground. The stock was trading 7.4% higher at 196.

Among losers were BPCL (down by 4.1%), HCL Tech (down by 1.35%) and M&M (down by 1.2%). Technology stocks were trading marginally lower. Satyam Computers and Infosys Technologies were marginally lower.

Indian ADRs ended positive on Monday. Tata Communications, Sterlite, Wipro, HDFC Bank and MTNL were among major gainers.

Indian Stock markets gained further ground at 1 pm. The markets were trading lower an hour back as some selling was witnessed at higher levels. All sectors were trading higher today. While selling at higher levels has caused markets to slide, but some select counters are still holding strong.

Karvy Stock Broking Limited has maintained ‘buy’ rating on ICICI Bank stock with an intraday target of Rs 390.

According to Karvy, interested traders can purchase the stock above Rs 370 with a strict stop loss of Rs 360. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 395.
 

At 11am, Indian Stock markets were trading with decent gains. NSE Nifty was up by 76 points at 2790. BSE Sensex was at 9223 with a gain of 258 points. Among sectoral indices, BSE Auto was up by 61 point while BANKEX was up by 138 points at 4845.

Metal and Energy counters were trading strong as well. Almost all sector indices were trading in positive.

Among major gainers on NSE were Unitech, DLF, Suzlon Energy, Idea Cellular and HDFC.

Reliance Infra was trading 5.2% higher at 11 am. SAIL, Cairn India, GAIL, Grasim and Tata Steel were trading with a gain of over 5 per cent.

Among technology stocks, Wipro, Satyam Computers, Infosys Technologies and Tech Mahindra were trading strong.

Indian Stock Markets opened strong on Monday as the government announced fiscal stimulus package of Rs 20k crore. Among major gainers during first 30 minutes of trading session were ICICI Bank, DLF, Idea Cellular, Grasim and SAIL. At 10.30 am, NSE Nifty was up by 87 points while BSE Sensex was up by 300 points.

Among other gainers were, Reliance Industries (up by Rs 26 at 1143), Satyam Computers (up by Rs 5.6 at 231), Unitech (up by Rs 2.5 at 33.3).

Technical Analyst Sudarshan Sukhani belives that the stock markets may remain bearish for next couple of months.

Stock market analysts have maintained ‘buy’ rating on Tata Steel stock with an intraday target of Rs 160.

According to them, interested traders can purchase the stock above Rs 148 with a strict stop loss of Rs 140. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 165.
 
Shares of the company, on Tuesday (Dec 02), closed at Rs 148.65 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 1706821. Current EPS & P/E ratio stood at 75.97 and 2.13 respectively. The share price has seen a 52-week high of Rs 952 and a low of Rs 146.35 on BSE.