The market consolidates after touching new high with the Sensex hitting 22,000 in early session while the Nifty is still holding above 6,500 levels. The Sensex is down 8.94 points at 21910.85, and the Nifty is down 2.35 points at 6524.30.
Banks are on fire today with SBI gaining over 3 percent per share. Other gainers in the Sensex are L&T, Reliance, BHEL and M&M. IT, pharma and metal stocks continue to bleed. TCS and Infosys are major losers in the Sensex.
BHEL is a ‘BUY’ target 204 and a stop loss 184.
M&M Financials is a ‘BUY’ target 283/285 and a stop loss 265.