Last week, the domestic equity markets ended at a record high as momentum continued in bluechip large caps.
Sensex surged 2,005 points or 3.57% to settle at 58,129. Nifty 50 soared 618 points or 3.70% to settle at 17,323 in the week gone by.
Elara Securities in a note said, the ship has just begun to sail for the next voyage amid the ongoing bull run on Dalal Street.
"Considering the present market conditions, short-term investors should keep strict stop loss"
Shares of the company have jumped nearly 66% to Rs 1,966 in the past one year till September 2, 2021.
The process for the merger of Exide Life into HDFC Life will be initiated on completion of the acquisition.
Milan Vaishnav of Gemstone Equity Research and Advisory said that the Indian equity market has been showing a lot of strength at present.
The current relaunch of the EM bull market is accompanied by stalled trends in the US dollar.
Chandan Taparia of Motilal Oswal Financial Services is positive on Ease My Trip with a target price of Rs 500.
Sensex surpassed the 58,000-mark as it jumped 200 points or 0.35% to 58,053 and the Nifty 50 was quoting at 17,289 advancing 55 points or 0.32%.