Indian Stock Markets Remain Positive; NSE Nifty Over 6100

Indian Stock Markets Remain Positive; NSE Nifty Over 6100Indian Stock markets continued the upside movement on Tuesday with NSE Nifty scaling 6100 with major support coming from Reliance, Infosys and ICICI Bank. BSE Sensex was also up marginally while Asian markets were mixed with Nikkei 225 in negative and Hang Seng marginally higher.

Among major stocks, Reliance Industries was higher by nearly a per cent at 930. HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Axis Bank were trading positive. Bajaj Auto, Mahindra & Mahindra and Maruti Suzuki were also trading marginally higher.

Pantaloon Retail was up by nearly 9 per cent in early trading session. The stock touched intraday high of Rs 268.30 on NSE and was trading at Rs 265 at 11.50 am. The stock gained after RBI eased the regulations on stock purchase by FII and NRI investors.

Among major losers today were GAIL, BPCL, HCL Tech and Tata Power. GAIL was down by 3.7% at Rs 373. BPCL was trading nearly 2 per cent lower at Rs 432.

FirstCall Research has given buy call for HDFC Bank with a target price of Rs 724. HDFC Bank was trading at Rs 660 today.