Sensex, Nifty at record highs; top fifteen stocks in focus - Economic Times

NEW DELHI: The S&P BSE Sensex surged as much as 129 points to hit its fresh record high of 27148.90 in trade on Wednesday, while Nifty too logged a fresh lifetime high of 8121.65.

At 10:00 a.m.; the 30-share index was at 27,090, up 70 points or 0.26 per cent. It touched a fresh record high of 27,148.90 and a low of 27,067.02 in trade today.

The Nifty was at 8,097 up 14 points or 0.18 per cent. It touched an intraday high of 8,121.65 and a low of 8092.25 in trade today.

"Well the moment when Nifty broke out of 8000, we had put a target of 8200-8250 immediately. I do not see any major correction may be not more than 30-40-point before the index hits 8200-8250," said Sandeep Wagle, Founder & CEO, Power My Wealth.

"There is a possibility that we may go beyond and the market may surprise us on the upside so the view is clearly positive," he added.

Wagle is of the view that there will be stocks which will go up, and some will come down, all that will happen but the bias is very clearly on the upside.

Here is a list of fifteen stocks which are in focus today:

GMR Infrastructure Ltd: Sources with direct knowledge share that leading private equity firm KKR is close to providing structured debt worth Rs 1,000 crores to GMR Infrastructure's promoter entity, GMR Infra Ventures. GMR is expected to infuse this cash as equity funding in the listed company, GMR Infra, a source said.

At 10:00 a.m.; the stock was trading 0.38 per cent higher at Rs 26.75.

Tata Motors Ltd: Automobile major Tata Motors has received orders for over 2,700 'urban' buses under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) - II scheme.

At 10:00 a.m.; the stock was trading 1.4 per cent higher at Rs 523.85.

Unitech Ltd: Real estate firm Unitech will sell non-core land parcels to reduce debt by 15-20 per cent and improve cash-flows for faster execution of ongoing projects, company's chairman Ramesh Chandra has said.

At 10:00 a.m.; the stock was trading 1.2 per cent higher at Rs 24.20.

State run OMCs will be in focus: Hinting at deregulation of diesel prices as imminent, Oil Minister Dharmendra Pradhan today said there were good signals from international market and his ministry will approach appropriate forum for freeing of rates.

At 10:00 a.m.; BPCL was trading 1.1 per cent higher at Rs 711.50.

ONGC: Pitching for a higher remunerative price for natural gas, state-owned Oil and Natural Gas Corp (ONGC) has said it needs $6-7.15 to break-even on gas it plans to produce from its most prolific KG basin block.

At 10:00 a.m.; the stock was trading 0.5 per cent lower at Rs 442.

Maruti Suzuki India Ltd: Seeking to make a mark in the big car segment, the country's largest car maker Maruti Suzuki India will open bookings of its upcoming mid-sized sedan Ciaz from tomorrow.

At 10:00 a.m.; the stock was trading 0.08 per cent higher at Rs 2915.

NMDC: State-run iron ore producer NMDC is in the process of acquiring 3,000 acres in Karnataka for setting up its second steel plant with an annual capacity of 3 million tonnes, at an investment of around Rs 18,000 crore.

At 10:00 a.m.; the stock was trading 0.06 per cent higher at Rs 174.65.