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Equity Tips
Sensex, Nifty rebound at open; Sun TV, Bharat Financial gain

Equity benchmarks rebounded with moderate gains amid volatility on Tuesday as investors remained cautious due to geopolitical tensions surrounding around North Korea.

The 30-share BSE Sensex was up 73.36 points at 31,775.61 and the 50-share NSE Nifty gained 20.65 points at 9,933.50.

Tech Mahindra, Tata Motors and HDFC Bank were early gainers while TCS, HCL Technologies, Bharti Airtel, ITC and HDFC were under pressure.

Nifty Midcap gained half a percent as about five shares advanced for every share falling on the NSE.

Tourism Finance Corporation of India gained 6.5 percent. Thomas Cook and IFCI gained more than 3 percent.

Sun TV added another 3 percent after CLSA raised target price to Rs 965 while Bharat Financial was up 2 percent as Credit Suisse raised target price to Rs 1,055.

Indraprastha Gas, Nandan Denim, Arvind, Sintex Industries, IRB Infrastructure, JM Financial, Manappuram Finance and Suzlon Energy gained up to 3 percent. Castrol India, Kwality, InterGlobe and Repco Home fell up to 14 percent

The Indian rupee depreciated further in opening trade on dollar demand. It started off trade at 64.10 a dollar, down 6 paise compared to previous day's closing of 64.02.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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