Bullish momentum is likely to continue on D-Street as there seems to be no stopping for the bulls in Mumbai.Expect the benchmark index or the Sensex to gain more than 50 points or so, to break the key technical level of 17,750.00 and the Nifty is sitting pretty strong above the 5,300 level
Toll road operator IL&FS Transportation Networks is expected to list on the bourses today. The company whose shares were priced at Rs 258 might command a premium of nearly 30 percent. Analysts expect the stock to hover around Rs 290 to Rs 300 level, we peg the traget of the stocks at Rs 330 or so.Other stocks in the sector like Noida Toll and IRB Infra might see some sctivity on the eve of the listing.
Heidelberg Cement is one stock that is looking technically strong after gaining more than 10 percent on volume of 7 million shares. We see the stock scaling to new highs soon. Spectacle Ind, Pipavav Shipyard were among other stocks that looked good from a traders perspective. Ankur Drugs, Clutch Auto, Sterling Bio and Noida Toll are some of the stocks to watch out in today's trade