On the sectoral front, Nifty IT (+1.42%) and Media (+1.71%) stocks are trading with the most gains.
Recommendation: Buy; Target Price: Rs 250
Investors with very high risk appetite and want to invest for 5 to 7 years in a mutual fund should invest in Kotak Nifty 200 Momentum 30 Index Fund.
Nifty Metal, Nifty Bank, and Nifty Financial Services in red.
On the sectoral front, all indices advanced.
Adani Enterprises skyrocketed 18% today.
All other sectoral indices are trading in red.
Economic uncertainty; good March quarter results drive up prices of FMCG stocks.
Recommendation: Add; Target price: Rs. 250
The group will likely begin with a first tranche amounting to anywhere between $250 million and $300 million in the current quarter