The Indian markets made a sharp recovery in the last hours to end more than 1% higher on Tuesday.
The Indian markets made a sharp recovery in the last hours to end more than 1% higher on Tuesday. The recovery was led by IT, Private Bank and Oil & Gas stocks. The Nifty50 closed above 17,300, while the Sensex too added nearly 700 points. In the broader market, Nifty midcap and smallcap indices too ended in the green with the gains of nearly 0.25%. After declining by around 500 points, the 12-share banking index Nifty Bank added more than 350 points to end above 36,300.
Meanwhile, following the US market, the Asian indices started on a high note on Wednesday. Japanese Nikkei 225 was up over 650 points, Hang Seng index at the Hong Kong exchange gained over 350 points and Chinese Shanghai Composite was up 12 points in the morning trade around 8 am.
SGX Nifty at the Singaporean Exchange too was trading higher by nearly 70 points to 17,440 around the same time.
Earlier, treasury yields marched higher on Tuesday, bringing U.S. stocks with them, as investors digested the increased likelihood of swift interest rate hikes following hawkish comments from the U.S. Federal Reserve, said Reuters
The Nasdaq led Wall Street`s main indexes higher, rising nearly 2%, as investors bought the dip in technology stocks, including Apple Inc, Microsoft Corp, Amazon.com Inc, Meta Platforms Inc and Alphabet Inc. The Dow Jones Industrial Average rose 254.87 points, or 0.74%, to 34,807.86 and the S&P 500 gained 50.63 points, or 1.13%, to 4,511.81.
Meanwhile ahead of the market opening, Zee Business research team brings you a list of 20 stocks to buy from cash, F&O and techno segments. These stocks have been picked keeping in view the short-term, positional and long-term investment requirement of investors.
Read More: SEBI board meeting on March 29: New-age tech firms’ IPO, CIS rules may be discussed
Ashish Chaturvedi Stock Picks
CASH STOCK
BUY BHARAT DYNAMICS TARGET 587 SL 570
FUTURES
BUY INFO EDGE TARGET 4900 SL 4700
OPTIONS
BUY RBL BANK 135 CE TARGET 6.65 SL 3.50
TECHNO
BUY ICICI SEC TARGET 692 SL 659
FUNDA
BUY CUMMINS INDIA TARGET 1400 DURATION 12 MONTHS
INVESTMENT PICK
BUY LUMAX AUTO TECH TARGET 250 DURATION 12-18 MONTHS
STOCK IN NEWS
BUY BRIGADE ENT TARGET 525 SL 505
MY CHOICE
BUY HAL TARGET 1460 SL 1397
BUY GUJARAT ALKALIES TARGET 785 SL 750
BUY SUVEN PHARMA TARGET 553 SL 530
MY BEST
BUY LUMAX AUTO TECH TARGET 250 DURATION 12-18 MONTHS
Read More: Stock Market Update: Nifty, Sensex back in green; IT, oil & gas stocks shine
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Kushal Gupta Stock Picks
Cash
Paras Defence – Buy – 660, sl – 630
FTR
L&T Tech – Buy – 5050, sl – 4850
OPTN
M&M Finance – 160 [email protected] – Buy – 8, SL – 2.5
Techno
Infosys – Buy – 1940, sl – 1860
Funda
Voltas – Buy – 1550, Duration – 3 months
Investment
Bharti Airtel – Buy – 900, Duration – 1 year
Stock in News
Bhansali Engg – Buy – 136, sl – 129
Kotak Bank – Buy – 1870, sl – 1795
Trent Buy 1320, Sl 1265
Siemens Buy 2370 Sl 2280
My Best
Voltas – Buy – 1550, Duration – 3 months
