Reliance Industries, ICICI Bank, HDFC and ITC were the top contributors to the rise in Sensex.
Analysts looked worried in their growth projections and apprehend a GST blow soon.
Momentum indicator MACD showed bearish crossovers on 61 counters on BSE.
Brokerages have shown faith in the stock and are largely positive on the prospects of the bank.
M&M, Raymond, HDFC Life, Kotak Bank among 10 stocks that analysts say can deliver good gains in 2-3 weeks
While market is in negative terrain, analysts are advising a stock-specific approach.
In the last eight sessions, benchmarks Sensex and Nifty have plunged 4 per cent each.
Hopes of a trade deal helped most Asian and European markets traded in the green.
In last seven sessions, investors have lost over Rs 6.16 lakh crore.
Shares of RIL have been in the negative territory since last Monday, May 6.
In last five sessions of losses, investors have lost nearly Rs 5.61 lakh crore.
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