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The Nikkei ended the day up 0.4% at 27,954.85, after hitting a high of 28,116.56, a level not seen since Dec. 1, but then gradually pared those gains during the morning session and traded mostly sideways in the afternoon.

A total of 12,079 shares changed hands on the counter till 02:06PM (IST).

"Based on how macro things play out, we expect Nifty to trade in a range from 17K-20K. In our base case we value Nifty at 21.5x near +1SD to its long-term average with a target of 19.5K," BofA analyst Amish Shah said in a report.

On the technical charts, the RSI of the stock stood at 60.73.

The brokerage anticipates further momentum in this stock to scale still higher targets and with also the RSI indicator reversing its trend signaling a buy, it has maintained a positive bias.

Out of the 12 crore users, about 42% fall in the 30-40 age bracket, followed by 23% in the 20-30 and 11% in the 40-50 age bracket. Since 2008, the highest annualised growth of 31% has been recorded in the age bracket of 30-40. About 20% of the new additions came from Maharashtra, followed by 10% from Gujarat and 9% from UP.

Brokerage firms see enough money-making opportunities in a number of stocks. Based on their recommendations, here are some top picks from brokerage firms where traders can initiate buying for short-term gains.

Rites, incorporated in the year 1974, is a Mid Cap company (having a market cap of Rs 9193.95 Crore) operating in Services sector.

The big deal announcement by Dalmia Bharat has been attractively valued at $73 per tonne which is much below the replacement cost of dollar 120 per tonne. So the acquisition is attractively valued.

“I see stability in the dairy prices and the market. There may be a small increase but the situation is tight in dairy supply because demand is much more than what the organised sector is able to meet. The pre Covid level was much higher than the pre Covid level. It is good for the long term of the dairy industry and for farmers as well as consumers like you.”