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As long as the stock stays above 136-140, bulls will be able to make a comeback, suggest experts. If the momentum continues, the short-term target is placed around 160, they say.

RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement.

Ashok Leyland Ltd., incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 51323.50 Crore) operating in Auto sector.

Morgan Stanley maintained an overweight rating on Grasim Industries with a target price of Rs 1985.

As there is a significant non-founder capital being put into businesses before they go public, an unlisted securities trading platform could be very useful, and could potentially open a new market segment.

The December gold futures were trading at Rs 60,195 per 10 gram, down by Rs 130 or 0.22% from the Tuesday closing price. Meanwhile, the December Silver futures were trading at Rs 71,788 per kg, higher by Rs 195 or 0.27%.

“The additions include Polycab, Paytm, Tata Communication, and Suzlon Energy. Suzlon Energy has become relatively liquid lately, although the inflows are to the tune of $240-$250 million, the ADV impact is five days on. In terms of weight up, the significant names are Vedanta, Colgate, and HAL.”

"We strongly believe that ASK Automotive gives allotted investors a long-term opportunity to hold and raid the growth in automobile sector. All allotted investors can hold for long term, while those who failed to get allotments, can accumulate on the listing day," said Prashanth Tapse, Research Analyst-Sr VP Research, Mehta Equities.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.