INDIAN MARKETS ROUNDUP
The S&P BSE Sensex rallied over 200 points in morning trade on Monday led by gains in ICICI Bank, SBI, Tata Motors, HDFC Bank, and Infosys.
The Nifty50 scaled above its crucial level of 7,450 supported by gains in metal, capital goods, oil & gas, realty, and power stocks.
TOP EXPERTS ADVICE
• US Fed is the real problem in the world right now leading to uncertainty: Reorient Group
• Maintain Underperform on ITC; target cut to Rs 300 from Rs 312: Credit Suisse
• Maintain Hold on Cairn India; set target of Rs 135: Deutsche Bank
• Maintain Outperform on Cairn India; target cut to Rs 150 from Rs 166: Macquarie
Reliance Communications Ltd: Reliance Communication on Friday reported a 15 per cent year-on-year drop in its net profits for the quarter ended December mainly because it lost 2G mobile service licences in five circles in 2015.
Idea Cellular Ltd: Idea Cellular proposes to roll out 4G LTE network in 750 towns under 10 circles by June this year, according to top company officials, said a media report.
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