The Indian markets ended in the green after starting flat with positive bias tracking Asian indices which traded mixed in the morning.
The Indian markets ended in the green after starting flat with positive bias tracking Asian indices which traded mixed in the morning. Domestic equity benchmarks Nifty50 and the Sensex added 0.29% and 0.14% to settle at 18,308.10 and 61,308.91 respectively. The minor rally was driven by auto and oil & gas shares.
“Auto stocks shone in a flat trading session on the back of price hikes, thrust on electric vehicles and ETF launches in the sector as the basket of stocks posted smart gains. The Commodity Index provided good support in Afternoon Trade buoyed by earnings. The broader markets witnessed profit taking in Pharma stocks with investor interest seen in Footwear stocks,” said S Ranganathan, Head of Research at LKP securities.
On Tuesday morning, Asian indices were trading in the green as Japanese Nikkei 225 was seen trading 0.77% higher, Hang Seng Index at the Hong Kong Exchange also gained 0.59% and Shanghai Composite added 0.24% at around 7.30 am.
Earlier, the US markets remained closed on Monday on account of Martin Luther King Jr. Day.
Meanwhile, ahead of the market open, Zee Business research team brings you a list of 20 stocks from cash, F&O and techno segments. These stocks have been identified keeping in mind intraday, positional and long-term investment objectives. Below is the list of stocks shortlisted by our analysts Kushal Gupta and Varun Dubey:
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Kushal Gupta Stock Picks
Cash
Angel One – Buy – 1400, sl – 1342
FTR
Tata Power – Buy – 255, sl – 244
OPTN
Tech Mahindra 1720 [email protected] – Buy – 64, sl – 34
Techno
Amara Raja Batteries – Buy – 678, sl – 648
Funda
Century Textile – Buy – 1040, sl – 998
Invest
M&M – Buy – 1100, Duration – 1 year
News
Infibeam Avenues – Buy – 42.5, sl – 40
Mychoice
Strides Pharma – Buy – 458, sl – 440
Dr Lal Path Labs – Sell – 3400, sl – 3540
Dhampur Sugar – Buy – 390, sl – 372
Best Pick
M&M – Buy – 1100, Duration – 1 year
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Varun Dubey Stock Picks
Cash
Buy Nava Bharat Ventures Target Rs 128 SL RS 120
Futures
Sell Maruti Target Rs 8150 SL RS 8300
Options
Buy Balrampur Chini 445 CE Target Rs 20 SL RS 13
Tech
Buy NLC India Target Rs 73 SL RS 68
Funda
Buy Devyani Intl Target Rs 195 SL RS 183
Invest
Buy Hester Bio Target Rs 3000 Duration 4 months
In News
Buy Chola Finance Target Rs 670 SL RS 640
My Choice
Buy Newgen software Target Rs 670 SL RS 630
Buy HDFC Life Target Rs 695 SL Rs 660
Buy Dwarikesh Target Rs 102 SL RS 95
Best Pick
Buy Balrampur Chini 445 CE Target Rs 20 SL RS 13
