The Indian markets closed with massive cuts on Monday amid worsening geopolitical tensions as the indices ended in the red for the fourth consecutive session.
The Indian markets closed with massive cuts on Monday amid worsening geopolitical tensions as the indices ended in the red for the fourth consecutive session. Benchmarks Nifty50 closed with 2.35% cut to below 15,900 and the Sensex declined by 2.74% to near 52,800. Realty declined more than 5%, while bank, auto and financial services declined more than 4% in Monday carnage.
A day after seeing heavy correction, Asian indices were trading mixed on Tuesday morning. Japanese Nikkei 225 was down 0.27%, Hang Seng Index at the Hong Kong Exchange was up 0.50% and Chinese Shanghai Composite was trading lower by 0.70% around 8 am on Tuesday. SGX Nifty at the Singaporean exchange was trading with loss of more than 70 points to 5,770.50 around the same time.
Earlier, the US market has ended deep in the red on Monday as benchmarks Dow Jones close with 2.37% loss, Nasdaq Composite declined 3.62%, S&P 500 dropped 2.95% and Russell 2000 ended with a cut of 2.48%.
Meanwhile, ahead of the market opening, Zee Business research team brings you a list of stocks to buy in the current market. These stocks have been selected from cash, F&O and techno segments keeping in mind short-term, positional and long-term gains. Below is the list of stocks.
Ashish Chaturvedi Stock Picks
CASH STOCK
BUY DHAMPUR SUGAR TARGET 470 SL 392
FUTURES
SELL AMARARAJA TARGET 525 SL 558
OPTIONS
BUY EXIDE IND 140 PE TARGET 8 SL 4.40
TECHNO
SELL SBIN TARGET 430 SL 445
FUNDA
BUY GAIL TARGET 185 DURATION 6-9 MONTHS
INVESTMENT PICK
BUY NMDC TARGET 185 DURATION 12 MONTHS
STOCK IN NEWS
BUY NATCO PHARMA TARGET 890 SL 830
MY CHOICE
BUY GNFC TARGET 645 SL 600
BUY COFORGE TARGET 4930 SL 4672
BUY INDOCO REMEDIES TARGET 378 SL 353
MY BEST
SELL AMARARAJA TARGET 525 SL 558
Read more:Suraj Estate Developers IPO: Papers filed with Sebi to raise Rs 500 cr – What we know so far
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Kushal Gupta Stock Picks
Cash
Intellect Design Arena – Buy – 700, sl – 672
FTR
Vedanta – Buy – 392, sl – 370
OPTN
Hindustan Copper 125 [email protected] – Buy – 15, sl – 4
Techno
Tata Motors – Sell – 380, sl – 402
Funda
IGL – Buy – 410, Duration – 6 months
Investment
TCS Buy 4000, Duration 1 Year
News Ke Dum Par
GE Shipping Buy 328, Sl 314
My Choice
HCL Tech Buy 1190, Sl 1140
HUL FUT Sell 1880, Sl 1960
ICICI BANK bUY 670, sL 642
MY BEST
IGL – Buy – 410, Duration – 6 months
(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
