Nifty has gone up by 10670 levels to 11570 odd levels, an upside of 8.4. The indices that did well were Auto and Banks. The index that did not do well was IT which was down by 1.35. We expect the market to trade higher with some amount of consolidation. br br We have a buy on Gujarat State Petronet, with a target of Rs 253. The company has been doing well in terms of gas transmission. Volume has been up by 17.9 QoQ and 4.4 YoY. Net profit is up 50 QoQ as well as YoY. There is significant amount of integration that the company is enjoying. Refining contributes about 35 and gas distribution contributes about 27. IT trades about 11x while the industry is trading at about 14.75x. We expect rerating in GSPL stock, said Dinesh Rohira, CEO & Founder 5nance.com.