Equity Report Daily & Stocks Recommendation By Moneymaker Research

Benchmark shares indices gained for the fifth straight day and also ended at record highs for the second straight session after the International Monetary Fund said that India will grow at a faster pace than China in fiscal 2017. The 30-share Sensex ended at a fresh record closing high of 28,889 after hitting a record high of 28,958.10 and the 50-share Nifty ended at a fresh record closing high of 8,730 after touching a life time high of 8,741.85. On the sectoral front, BSE Consumer Durables index emerged as the top gainer up 1.4% followed by BSE Capital Goods, IT and Teck indices gaining up to 1%. BSE Bankex was up 0.4%. However, BSE FMCG and Metal indices lost sheen and were down over 2% and 0.6%, respectively. The rupee trimmed its initial gains, but was still quoting up by 7 paise to 61.62 against the US currency in late morning deals today on bouts of dollar selling by banks and exporters.

Stocks Recommendation @ Investment advises 

@ Buy mahindra CIE above 248 targets 250.5, 253, 255.5 sl 243.

@ Buy AIA Engineering above 1110 targets 1120, 1130, 1140 sl 1090.

@ Sell Kesoram Industries below 129.5 targets 128.3, 127, 125.7 stop loss 132.