Indian equities, today (Sep 25), opened positively and soon slipped into the negative zone. After trading negatively for few minutes, the index bounced back into positive and again fell into the negative to trade on a flat note. 

The stock index is presently trading in a volatile manner prior to September series F&O expiry. Moreover, the question regarding the fate of the US financial sector bailout plan will carry on disturbing the market reaction.

Stock market analysts have maintained ‘buy’ rating on Ranbaxy Laboratories stock with an intraday target of Rs 312. 

According to them, interested traders can purchase the stock above Rs 308 with a strict stop loss of Rs 300. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 315. 
 

The shares of Reliance Industries Ltd witnessed a decline of 0.72 percent on the BSE. The shares closed at Rs 2,037. The company failed to excite the market by announcing production of gas the KG-D6 block. 

The company has announced to start production from D6 basin in January. RIL Chairman, Mukesh Ambani has also announced that the company would raise oil output to 550,000 barrels a day in six to eight quarters. However, the government has forecasted that the production would begin by November.

The 30-share index, BSE Sensex, today (Sep 24), opened with a gain of 60.23 points at 13,630.54. Real estate, banking and power segments edged higher during the early trades.

In the previous day session, the Sensex closed 424.65 points down at 13,570.31, while the NSE Nifty dropped 96.15 points at 4,126.90.

Karvy Stock Broking Limited has maintained ‘buy’ rating on NTPC stock with an intraday target of Rs 189. 

According to Karvy, interested traders can purchase the stock between Rs 180-181 with a strict stop loss of Rs 177. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 191. 
 

The 30-share index BSE Sensex lost more than 400 points on Tuesday (Sep 23) on worries over the long-term implications of the $700 billion bailout plan to fix the financial market turmoil. 

Moreover, rising crude oil prices also dampened the overall market reaction.

Heavy selling action was seen across the board. IT, realty, metal, banking and power stocks led the declines.

Both Midcap and Smallcap index lost 2.06% and 1.63% respectively.