The Sensex rose 135.37 points to 24498.42 and the Nifty gained 50.40 points to 7313.95. The BSE Midcap and Smallcap indices rising 2.3 percent and 2.8 percent, respectively.
Equity benchmarks recovered with the Sensex gained over 100 pts and the Nifty trading above the 7300 level supported by banks, technology, FMCG and metals stocks.
Sesa Sterlite and Tata Steel topped in buying list, gain 4 percent each, Hindalco Industries with 3 percent. In FMCG, ITC and Hindustan Unilever surged 1-2 percent while in IT TCS, Infosys and Wipro advanced 1.6-2.6 percent.
Housing finance company HDFC moved up 1.9 percent. Axis Bank rose 1.6 percent while rival HDFC Bank advanced 0.5 percent.
Midcap gainers: Unitech, Chennai Petroleum, MMTC, Oberoi Realty and Max India
Sensex gainers: NTPC, Tata Power, Hindalco, ITC and SBI
Intraday tips for 20 May 2014
GMR INFRA is a 'BUY' call with TARGET 36 and STOPLOSS 32
UNION BANK is a 'BUY' call with TARGET 215 and STOPLOSS 200
SYNDICATE BANK is a 'BUY' call with TARGET 145 and STOPLOSS 131
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NSE BSE Tips for NIFTY FUTURES BUY BANK NIFTY ABOVE 15090 TGT 15130-15190-15290 SL 15040.
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