The Sensex gained 412.21 points or 2.22 percent to close at 18979.76, and the Nifty was up 144.85 points or 2.66 percent at 5592.95 after hitting an intraday high 19117.52 and 5625.75, respectively.
The governor who took over Subbarao, on its first day (September 04), announced several measures to curb the rupee depreciation, modernise the Indian banking system and improve economic growth.
Stocks To Buy:
YES Bank, ICICI Bank, BHEL, Buy Escorts; target Rs 105, Buy SBI; target Rs 1700, United Spirits, Coal India, Federal Bank, AXis Bank, IndusInd Bank, ITC, HUL, Canara Bank, Allahabad Bank, Ipca Labs, Crompton Greaves, LIC Housing, Polaris Financial Technology, DLF Ltd., Dena Bank, Bank of Baroda.
Stocks To Sell:
PSU banks, Sun TV, Sesa Goa, Wipro Ltd., Idea Cellular Ltd., Bajaj Finserv, Gitanjali Gems, Lupin Ltd., Divi's Lab, HCL Technologies, MRF Ltd., PetronetLNG.
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