The 30-share index, BSE Sensex fell further into the pessimistic zone on the back of continued buying activity witnessed in IT, Metal, FMCG and Banking sectors, where Realty, Auto and Oil & Gas climbed up.

It also touched an intraday low of 14,728.02. BSE Midcap fell 0.43%, while Smallcap surged 0.23%.

At 1:05 p.m., Sensex lost 152.99 points at 14,789.29, whereas the broad-based NSE Nifty stood at 4,444.75, down 32.05 points.

The market breadth was negative as it saw 1225 declinations as compared to 1225 advancements.

Karvy Stock Broking Limited has maintained ‘Buy’ rating on Larsen & Toubro (L&T) stock with an intraday target of Rs 2900.

According to Karvy, day traders can purchase the stock above Rs 2810 with a strict stop loss of Rs 2750. If the stock market remains on positive track, the next target for the day will be above Rs 2905.

As per views of stock market experts, investors can purchase Punj Lloyd Limited stock above Rs 270, in order to achieve an intraday target of Rs 276.

The stop loss for the suggested counter is Rs 265. The stock pricing becomes more attractive, and reach above Rs 278, if the stock markets remain positive.

On Wednesday (July 23), the company’s shares closed at Rs 269.90 on BSE. The total volume of the shares traded was 1874343. Current EPS and P/E ratio stood at 7.30 and 35.58 respectively. The stock has also seen 52-week high of Rs 589.10 and low of Rs 183.20 on BSE.

The BSE Sensex marked its closure on a strong note on Wednesday (July 23), as the political doubt over N-deal came to an end after the UPA government won the trust vote of confidence on Tuesday (July 22).

Heavy buying action was seen in banking, capital goods, realty, and power stocks.

The Sensex closed the day on a firm note at 14,942.28, up 838.08 points. It also touched a high of 14,979.90 and a low of 14,568.22 during the day.

The BSE Sensex continued its positive journey as it witnessed heavy buying activity in banking, power and realty stocks.

Moreover, it also touched its one month high during the initial trading session.

At 12:10 p.m., Sensex stood at 14,738.23, up 634.03 points, whereas the broad-based NSE Nifty gained 179.6 points, at 4,421.10.

The market breadth was extremely positive as it experienced 2,044 progressions as against 370 declinations.

All sectoral Indices were trading in positive, led by BSE Bankex, which gained 8.22%, Realty profited 7.60%, and Power surged 6.78%.

Most active counters in the 30-share index were ICICI Bank that rose 10.29%, Reliance Communication gained 10.09%, Reliance Infra surged 9.95%.

As per views of stock market experts, investors can purchase PGCIL (Power Grid Corporation of India) stock above Rs 95, in order to achieve an intraday target of Rs 97.5.

The stop loss for the suggested counter is Rs 94.2. The stock pricing becomes more attractive, and reach above Rs 99.5, if the stock markets remain positive.