Today's Trading Calls Equity And Commodity Segment | Live Stock Market Calls---17/3/2015

Sensex up 300 pts, Nifty above 8700; HDFC, Tata Motors lead

The market extended rally after a consolidation for last few sessions. The Sensex surged 325.04 points or 1.14 percent to 28762.75 and the Nifty climbed 89.70 points or 1.04 percent to 8722.85. 

The broader markets gained too, the BSE Midcap and Smallcap indices rallied 1 percent each. About 1402 shares have advanced, 587 shares declined, and 134 shares are unchanged on the BSE. 

Jyotivardhan Jaipuria, Bank of America Merrill Lynch said investors are overweight India, but he believes recovery may be some time away. 

"While we are structural bulls on India with an index target of 54,000 by end-2018, we have been highlighting that we see the market being range-bound to negative over next few months. We believe investors should await dips in the market," he added.

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