Maruti Suzuki India ended at new closing high and formed bullish candlestick pattern on the daily timeframe with above average volumes. The stock remained above all key moving averages since last week.
Shares of ABB India jumped 7% in today s early trade to touch a new all-time high of ₹6.341.90 apiece after the global brokerage firm UBS, in its latest, lifted the target price on the stock to ₹7,550 apiece from an earlier price target of ₹5,380.
Various government initiatives towards incremental capex spending have aided the growth in the capital goods sector. The S&P BSE capital goods index has risen 8 percent this year, so far, against a 2 percent rise in the benchmark Nifty