Sensex rises 250 pts; Nifty tops 10,550 on positive global cues

The benchmark indices were trading positive with the Nifty50 reclaiming its crucial 10,550 mark on sustained buying in metal, auto, capital goods and banking stocks.
Sentiments bolstered in all Asian markets too following positive cues from Wall Street.

At 11:20 am, the S&P BSE Sensex was trading at 34,396, up 254.30 points, while broader Nifty50 was ruling at 10,566, up 75.60 points.

Major gainers include IndusInd Bank, Tata Motors, Adani Ports, and Larsen & Toubro, rising up to 3 per cent on the Sensex.

Among losers, Dr Reddy's (down 1.5 per cent), Sun Pharma (down 1.1 per cent) and Infosys (down 0.9 per cent) shed the most on Sensex.

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Meanwhile, on a net basis, DIIs bought equities to the tune of Rs 1,514.03 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 486.32 crore on Friday, provisional data showed.

Among Asian markets, Japan's Nikkei was trading higher by 0.82 per cent. Hong Kong's Hang Seng up 0.54 per cent and Shanghai Composite 0.31 per cent higher.
The US Dow Jones Industrial Average ended 1.39 per cent higher on Friday's trade.

Below are key trading tips for today's trade:

1) ASTRA MICROWAVE

Target: Rs 98
Stoploss: Rs 91
CMP: 92.50