Stock Market Live: Sensex crosses 61000 for the first time, Nifty towards 18300

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Share Trading at a firm in Kolkata on the Budget presentation day on February 01, 2017. Sensex soared by nearly 500 points with infusing Rs. 10,000 crore in public sector banks and keeping the long-term capital gains tax unchanged for the capital markets. Express photo by Partha Paul. 01.02.2017.

Stock Market Live: Sensex crosses 61000 for the first time, Nifty towards 18300- There is a great rally in the domestic stock market today. Sensex and Nifty have made their new record in business. Sensex has crossed 61000 for the first time. At the same time, Nifty has also crossed the level of 18250. There is an all-around boom in the market today. The biggest rally is in IT stocks. Auto stocks have also seen great gains. There is also buying in Bank, Financial, FMCG, Metal and Realty sectors. At present, the Sensex is up by 320 points and it is trading at the level of Rs 61056. On the other hand, Nifty is also showing stronger than 100 points at the level of 18268. Infosys, TECHM, LT, ITC, MARUTI, ULTRACEMCO, NTPC, TATASTEEL, BAJAJFINSV, and HDFC Bank are among the top gainers in today’s business.

Global signals mixed

Global cues are mixed for the domestic stock market today. On Wednesday, a mixed trend has been shown in major US markets. There has been a slight decline of 1 point in Dow Jones and it closed flat at the level of 34,378. Nasdaq gained 106 points. At the same time, the S&P 500 index also closed up 13 points. There is concern about inflation in the US. Rising bond yields and rising crude prices are also raising concerns. The recent weak job data has created a sentiment of economic uncertainty. At the same time, investors are looking cautious in the earning season. On the other hand, mixed business is also happening in Asian markets today. SGX Nifty and Nikkei 225 are trading with gains, while straight times are showing a decline. On Wednesday, major European markets FTSE, CAC, and DAX closed in the green.

Brokerage House on Mindtree

Giving a neutral rating on Mindtree stock, brokerage house Motilal Oswal has set a target of Rs 4460. UBS has given a sell rating on Mindtree and has a target of Rs 3550 for the stock.

Brokerage House on Wipro Stock

Brokerage house UBS has given a neutral rating on Wipro and has set a target of Rs 660 for the stock. Macquarie has given Outperform Rating on the stock and has set a target of Rs 780 for the stock. Brokerage house Motilal Oswal has also set a target of Rs 710 while giving a neutral rating in the stock.

Brokerage House on Infosys

After the quarterly results of Infosys, brokerage houses are also positive about it. Most of the brokerage houses have given buy or overweight ratings in the stock. Brokerage house Motilal Oswal has given a target of Rs 1960 while advising to buy in the stock. CLSA has given a buy rating on Infosys and has set a target of Rs 2060 for the stock. Macquarie has outperformed Infosys and has a target of Rs 2190 for the stock.

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