The key benchmark indices closed positive on the second consecutive week as the sentiment turned positive in the domestic market. Receding geopolitical risks from Syria and rupee strengthening against dollar boosted the sentiment. Realty and Capital goods were the major gainers for the week while profit booking witnessed in IT stocks. Going ahead, the data on wholesale price index (WPI) for August 2013, the outcome of Federal Reserve's policy meeting and the outcome of Reserve Bank of India's mid-quarter review of monetary policy 2013-14 will dictate trend on the bourses.
Techno- Funda Recommendation
Buy Indusind Bank Limited between 390 – CMP (400.10) with close below stop loss of Rs 365 level for the target of Rs 485 ( Time Horizon :- 1-2 Months)