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Before the Fed policy, the market was seen trading near new peaks. Nifty managed to stay above 25400. Bharti Airtel, L&T, NTPC and M&M added enthusiasm to the market. Midcap and smallcap also recovered from lower levels. Here, after the positive brokerage report of UBS, IGL and MGL saw a rise of 4%. Both stocks are among the top gainers of futures. A big rating upgrade has been done on IGL. The brokerage has changed the rating from SELL to BUY. On the other hand, a big block deal of Rs 1700 crore was done in Tata Motors. The amount received from the deal will be distributed among the FRACTIONAL SHAREHOLDERS of Tata Motors DVR. After the deal, the stock slipped more than 2%. Meanwhile, today action was seen in two stocks in the dealing rooms. Today, dealers advised their clients to bet in the stocks of NTPC and Hindalco.
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