WEEKLY JUBILANT ALMOST HIT TGT 660 MADE HIGH OF 654.75
“BUY MINDTREE AT 485 TGT 500/520 SL 465”
The Sensex ended up 38 points to settle at 27,866 and the Nifty settled 20 points higher at 8,611. After witnessing a sharp fall on Thursday due to geo-political concerns, markets rebounded and ended flat on the first day of October series despite weak global cues. Alkem Laboratories Ltd tanked 8% after the company received 13 observations from the US Food and Drug Administration (USFDA) after the regulator inspected its manufacturing facility at Daman. TVS Srichakra touched new high of Rs 4,247 on back of heavy volumes. The stock closed up by nearly 9%.
On the global front, Asian stocks fell today as the rally in oil prices subsided and growing worries about the European banking system hit financial shares. China's Shanghai Composite index inched up 0.23% to 3,005.51 after a private gauge of Chinese factory activity pointed to a modest expansion in September, adding to recent signs of stability. Hong Kong’s Hang Seng and Japan’s Nikkei slipped over 1.5% each.