The 30-share index Sensex continued its positive run on account of heavy buying activity seen across the board.

Banking, realty, oil & gas, auto stocks led the advances, while some IT stocks went down.

BSE Midcap and Smallcap gained more than 1% each.

At 1:14 p.m., Sensex stood at 15,456.41, up 288.59 points, after touching a high of 15,488.06 and a low of 15,367.97, whereas the broad based Nifty gained 69.10 points at 4,598.60, after hitting a high of 4,616.00 and a low of 4,529.35.

Stock market analysts have maintained ‘buy’ rating on Essar Oil stock with an intraday target of Rs 238.

According to them, interested traders can purchase the stock above Rs 234 with a strict stop loss of Rs 230. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 244.
 
Shares of the company, on Friday (Aug 08), closed at Rs 233.75 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 3350978. The share price has seen a 52-week high of Rs 360 and a low of Rs 48 on BSE.

Indian Equities opened strongly today (August 11) because of encouraging crude oil’s slide, which kept the outlook positive across worldwide markets.

In addition the gain was led by good buying action witnessed in key stocks.

Today, the 30-share Index, BSE Sensex opened at 15,430.31, up 262.49 points, and soon it touched a high of 15,470.70.

The majority of Asian stocks benefited today, led by banking institutions and manufacturers, after last week’s reduction in commodity prices, which encouraged the positive view of business earnings and relieved inflation worries.

In volatile trade, the stock markets overcame the initial setback on Friday (August 08) with the benchmark Sensex gaining more than 50 points to remain above 15,000-level at the closing time after declining below this crucial level during late morning trade.

Finally, the 30-share bellwether index on the Bombay Stock Exchange ended the day at 15,167.82, up 50.57 points, on account of some buying action witnessed in metal and capital goods stocks.

Indian stock markets maintained its upward trend and gained more than 500 points during the week, ended on August 08, despite weak global markets, high inflation numbers and slumping growth.

The Federal Reserve’s decision to keep the benchmark lending rates the same at 2% assisted the stock market to lift up from the lows and consolidate a bit.

The Sensex, which marked its closure at 15,167.82, gained 511.13 points during the week, whereas the 50-share index, NSE Nifty profited 115.95 points to close the week at 4,529.50.

Stock market analysts are of the view that investors can buy Gwalior Chemical Industries stock to achieve a short term target of Rs 163.

According to analysts, interested investors can purchase the stock on declines with a strict stop loss of Rs 104.

Today (Aug 08), the company’s shares opened at Rs 113, as against its last closure at Rs 109.70 on Thursday (August 07), on the Bombay Stock Exchange (BSE). Current EPS and P/E ratio stood at 11.66 and 9.62 respectively. The share price has seen a 52-week high of Rs 127 and a low of Rs 37.05 on BSE.