Business India

Sensex Surges 400 points: Bharti Airtel and Syndicate Bank zooms after Q2 results, BSE, NIFTY at all-time High

Sensex Surges 400 points: Bharti Airtel and Syndicate Bank zooms after Q2 results, BSE, NIFTY at all-time High
Written by Ashish Sharma

India’s leading Index BSE and NIFTY touched an all-time high on Wednesday. BSE gained 405 points to touch 33610 while NIFTY surged 104 points created new high of 10,442. Bank nifty zooms 484 points.Bharti Airtel is amongst the top performers on BSE and gains 44 points and trading at 542 on BSE at 12:31 IST.Bharti Airtel hits 10 years high after the company posted better than expected Q2 results. Syndicate Bank is the top performer on BSE after the bank announced their Q2 results, The nonperforming assets of the bank gone down 9.39% from 9.6% as on June 2017. The bank reported 28% jump in the second quarter ended September. And posted a profit of 105 crores annually. Syndicate Bank’s net interest income grew by 7% to 1,649 crores from Rs 1,545 crores in the corresponding quarter of previous year. Religare is in the top performer’s list today and surged 9% to 45.50 and its hit our target which was given on 31st October.

The rally in Indian markets came after gains in Asian markets and US market. US markets closed higher on Tuesday, with the Nasdaq ended at a record high levels. The Dow Jones Industrial Average rose 0.12%.

Top picks of the day: Buy Syndicate Bank for Target of 105 and Maintain Stop loss of 17 hold for 2 weeks.Hold Axis Bank for a Target of 550 and Stop loss of 510 Hold it for a Month.Hold Union Bank for Target of 190 and Maintain Stop loss of 168, hold it for 1-2 Weeks.Buy Bharti Airtel for Target of 555 and Maintain Stop loss of 530, hold it for 1 week.

 

 

 

 

 

About the author

Ashish Sharma

Ashish is a techie who is a finance and stocks hobbyist. He loves to contribute and create awareness by writing on business and finance