The BSE Sensex, which shed most of its gains during the last trading session, continued to trade in the positive zone as it saw heavy buying action in stocks including Metal, Power, FMCG and Power gained ground while auto went down.
At 12:55 p.m., the BSE Sensex stood at 14,096.04, up 246.00 points after touching a high of 14,206.13, whereas the broad-based NSE Nifty gained 85.1 points to trade at 4,227.10.
The market breadth was extremely positive as it experienced 1,738 progressions as against 618 declinations.
The BSE Sensex made a late surge during the day (July 21) by profiting more than 200 points at close. The market was trading on a strong note amidst volatility.
Indian equities, expanding the dream rally of Friday, opened positively following firm worldwide cues. But the stock market was not capable of holding its head high in positive zone and shortly slipped into the negative terrain on concern of continuing political havoc in the country.
Indiabulls Securities Ltd has maintained a ‘Hold’ rating on Suzlon Energy Limited stock with a long term target above Rs 275.
Suzlon Energy is now making cautious efforts to expand its market share, develop its business, regulates its asset quality and lay more pressure on customer service to perk up its profile and combat increasing competition.
According to Indiabulls, investors who have already purchased the stock can go long with the aim of making a big profit.
Indian stock markets went up further over the week ended July 18, helped by lower than expected inflation numbers together with falling crude oil prices.
The market remained volatile during the week ended July 18. It made the majority of profits on Friday after the declaration of inflation figures.