The Indian market has been witnessing a free fall amid escalating tension between Russia and Ukraine.
The Indian market has been witnessing a free fall amid escalating tension between Russia and Ukraine. The domestic equity market witnessed fifth consecutive negative closing on Tuesday amid heightened geopolitical tension. In the last 5 sessions, the BSE-listed companies witnessed capital erosion of more than 12 lakh. Benchmarks Nifty50 and the S&P BSE Sensex trimmed losses in the last hour on Tuesday after correcting more than 2 per cent to close near 17,100 and above 57,300. The recovery was led by auto, healthcare, financial services and consumer durables, while realty, media, PSU Bank and IT dropped the most.
On Wednesday morning, Asian markets were trading in the green. Hang Seng Index at the Hong Kong Exchange was up 0.50%, Chinese Shanghai Composite was trading higher by 0.30% as Japanese Nikkei 225 remained closed on Wednesday on account of National Holiday.
The US market closed deep in the red on Tuesday. Dow Jones ended 1.42% lower, Nasdaq Composite closed lower by 1.23%, S&P500 declined 1.01% and Russell 2000 dropped 1.45% in Tuesday’s closing.
Meanwhile, ahead of the market opening, Zee Business research team has shortlisted 20 stocks for profitable trade. The stocks have been identified from cash, F&O a techno segments to help Investors maximize their profit in short-term, positional basis and in long-term investment. Below is the list of stocks, take a look:
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Deepanshu Bhandari Stock Picks
Cash
Buy MapmyIndia Tgt 1390, SL 1330
Futures
Buy HDFC Bank Fut Tgt 1540, SL 1490
Option
Buy Infosys 1740 Call at 9.5 Tgt 12, SL 8
Techno
Buy Hero Moto Fut Tgt 2800, SL 2715
Funda
Buy L&T Tgt 2100, 12 months
Invest
Buy PVR Tgt 1900, 12 months
News
Buy Capri Global Tgt 603, SL 583
My Choice
Buy Indian Hotels Tgt 212, Sl 200
Buy Metropolis Tgt 2100, Sl 2015
Buy Thyrocare Tgt 905, Sl 865
My Best
Buy MapmyIndia Tgt 1390, SL 1330
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Kushal Gupta Stock Picks
Cash
Sigachi Ind – Buy – 310, sl – 296
Futures
Wipro – Buy – 580, sl – 558
Options
Apollo Tyres (March) 197.5 PE buy – 16, sl – 6
Techno
Sun Pharma – buy – 870, sl – 837
Funda
Tata Power – buy – 280 , duration – 1 year
Investment
Wonderla Holidays – Buy – 260 Duration – 3 Months
News ke Dum Par
Persistent System – Buy – 4050, sl – 3880
MyChoice
Dr Lal path Labs – Buy – 2780, sl – 2630
Muthoot Finance Buy 1390, Sl 1338
Kotak Bank Buy 1890, Sl 1815
My Best
Tata Power – buy – 280 , duration – 1 year
