The market extended positive gains in morning trade on Thursday. The Sensex is up 340 points and Nifty is up 105 points (10:44 AM).
10:45 AM The 30 Sensex is up 345.07 points or 1.71% at 20539.47 and The nifty is up 103.25 points or 1.72% at 6092.85.
The Indian Rupee gains 63 per dollar on Thursday after comments from the reserve bank of India Governor Raghuram Rajan about the dollars demand oil companies being smoothly absorbed by the Forex market.
Axis bank up 5.38%, Tata motors, JP Associate, ICICI bank, BPCL, Tata steel, L&T, PNB, Bharti Airtel, IDFC, Bank of baroda top nifty gainers.
Coal India, HCL tech, Cipla, Cairn India, TCS were nifty losses.
BUY Tata motors 386.50 targets 387.50/388.50/389.50 and Stop loss 383.50
BUY HDFC above 651.50 targets 654.50/657.50/660.50 and Stop loss 642.50