Market At Record High! Sensex Scales 80,000 For The First Time; Nifty Near 24,300 | Opening Bell
167 points higher, almost two third of a percent on a Nifty 124 in line with what the market or the the ticker was telling you earlier. Couple of names which are doing well are Auto, Bajaj Auto is doing well, Bajaj consumer and many others. Let's see where the market goes from here on point to factory. That is the top made in the first half hour or do we build upon this gap hour? Yeah, HDFC Bank, of course, is lending support right now that stock holding up, although ICICI Bank is not. Kotak Bank is not so much, you know, much bigger chunk of the banking pack much like yesterday's actually trailing in the red as we speak. HDFC Bank, of course, has started off with the 2 1/2 percent move on the stock price right now. What about Yes Bank That also came out with this quarterly updates just a short while back. So let's check in on what that stock is up to. Ave. Supermarts V Mart Moil, wherein the Q1 sales has seen an uptick of 14 1/2 percent. Production has risen nearly about 8%. IEX wherein the total junior electricity volume has come in higher by nearly about 25% or so. And then persistent system as well, wherein the US arm is looking to acquire 100% stake in Starfish Associates for about 2021 odd $1,000,000. That's another stock which is in focus. M&M, the asset quality has deteriorated M&M financials, I beg your pardon. And the Q1 disbursements have been have seen an A downtick of about 16.6%. That stock has tracked over 3% as we speak right now their IT traders well, I don't see quite lasting today because thesis has started off a little bit soft. Let's see what Infy Wipro as well are up to because I think that trade as well is somewhat at least pausing Wipro just absolutely flat right now in P Miley soft as we speak right now. What is gaining and contributing then to what the nifty uptick of nearly half a percent is? Let's just bring up the gainer as if we can and show you what really is participating in the market. What's Lt. then up to and where is HDFC Bank then settled in AD because remember L&T was a big mover and supporter of the index or contributor rather. Hiramurkov, M&M, Axis Bank, Hindalco, oh Kotek has now jumped up in the green. Its quite a big reversal actually the stock is holding up by about 1%, much unlike what it started off trade with an Aisha Motors as well is holding out a lot of market participants which were falling yesterday. Mutila as well as come back. BSc Limited has come back. Yesterday there was a, the market was treating all of them in the same manner. But today we are looking at select names which are coming back, BSE, Motilal, Oswal, A lot of AMC stocks are back. Look at how Angel One is actually doing. Look at that 2 1/2 percent gain coming in in Motilal Oswal. Angel One, which closed about 10% lower, continue its slide another 2 1/2 percent. That's exactly what I was telling you. The targeted name may remain jittery for some time now. Pull up Kajaria coming above the 1500 mark for the for after a very long time and some of the interesting consumer names for the broader market like Jyoti, Jyoti Lab have been buzzing for last few days and today also another strong day. Advance decline is firmly in favor of advances almost 1800. So one is 9 is to one is the kind of advance decline which we are looking at not only V Mart, we do retail, the smaller version is also gaining strong on a good set of operational updates. Let's take opening trades with Nurish and Kunal, Kunal Watson, YREDA. So it'll be HTC bank and having bullish on the stock. So I think even at 177075 levels where it's trading right now looks attractive for maybe a hold at current levels and maybe a dip if it comes back to 1750 mark on intraday basis could be a good level to buy. What about you? So that would be about an IGL, which still looks promising. The stock has given a multi year breakout, so still looks a set for a major move towards 560 to 600 going forward. It's OK. That's the take coming into the market, settling in nicely for the index as we speak right now. If you like this video then like, share and subscribe to ET Now.