Today Capital Grow Updates .Nifty is Up 14.25 points at 8400 The Sensex is up 56 ponts at 27998.

Today Nifty Market Up 14.25 point at 8400 and the sensex is up 56 pont at 27996 .about 1270 share have advanced and GAIL, Bajaj Auto, ONGC, Coal India and Tata Motors are top gainers in the Sensex. Among the losers are Tata Power, Cipla, Dr Reddy's Labs, HUL and Sun Pharma. Gold eased and was likely to finish lower for a third week in four, as a resilient dollar and strong US economic data undercut bullion's appeal as a hedge. It has failed to recover strongly from a 4-1/2-year low of USD 1,131.85 hit last week, on steady outflows from gold-backed funds. The dollar rose to a fresh seven-year high against the yen, bolstered by rising Japanese equities amid speculation that Japan's leader would call an election and delay a sales tax hike.

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Tata Motors gain 2 % and Nifty Holds 8100, Bharti gains 3%.

Stanley has upgraded its June 2015 target for the Sensex to 28800 after the recent rally, says managing director, Ridham Desai. However, that’s his conservative estimate. Desai expects the Sensex to rally as high as 33900, but with some conditions: if the government continues to work on it fiscal consolidation path and the Fed doesn’t take any disruptive policy action. If these two conditions are met, then Desai says, the Sensex has about 40 percent chance of seeing this level by June 2015.

360-degree turnaround in sentiment regarding India, apart from institutional flows has led to this market rally. And a lot of it has to be credited to the government, believes Desai. “People abroad have faith in the potency and execution of the new govt. They are sending the right signals. The Goldilock-like scenario that is unfolding, both on the macros as well as the micros, will change for sure, but we are fairly comfortable for the next three years  atleast ,” says Desai.

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