After the market ended with gains for the fifth consecutive session on Thursday, the cues from the Asian market remained fat to positive on Friday morning
After the market ended with gains for the fifth consecutive session on Thursday, the cues from the Asian market remained fat to positive on Friday morning. The cues were largely positive despite Europe Central Bank hiked interest rate by half per cent for the first time in 11 years.
SGX Nifty, which indicate opening trends of the Indian market, was trading flat with marginal gain of 15 points on the Singaporean Exchange on early Friday.
Likewise, Japanese Nikkei 225 gained 0.25%, Hang Seng Index at the Hong Kong Exchange rose by 0.55% and Chinese Shanghai Composite was seen trading higher by almost half per cent on Friday morning.
Earlier, the US market extended its winning streak to the third day as Dow Jones closed with over half per cent gains, Nasdaq surged by 1.4% and S&P 500 ended higher by almost one per cent on Thursday.
“With support from FII buying, the domestic market was able to withstand the downward pressure from global markets to close on a positive note. Global indices traded lower on rate hike worries as ECB in its meeting today, is expected to raise rates by 50bps,” Vinod Nair, Head of Research at Geojit Financial Services said on Thursday.
Even though a rate hike of this magnitude has already been factored in, the major market driver would be their commentary on future inflation and growth forecasts, the expert had said.
Meanwhile, Zee Business brings you a list of 20 stocks from cash, techno and F&O sections to help you make profit on your trading. The list includes stocks that are picked keeping short-to-long term investment needs and comprise intraday calls too. Below is the list of such stocks on Friday.
Read More: Stocks to Watch Today: RIL, Biocon, UltraTech, JSW Steel, RBL Bank, and Others
Ashish Chaturvedi Stock Picks
CASH STOCK
BUY MSTC TARGET 260 SL 247
FUTURES
BUY METROPOLIS TARGET 1575 SL 1500
OPTIONS
BUY SHRIRAM TRANSPORT FIN 1460 CE TARGET 34 SL 21
TECHNO
BUY PAGE IND TARGET 46663 SL 45000
FUNDA
BUY SRF TARGET 2460 SL 2300
INVEST STOCK
BUY COLGATE TARGET 1900 DUARTION 12 MONTHS
STOCK IN NEWS
BUY GSFC TARGET 147 SL 140
MY CHOICE
BUY SIYARAM SILK MILLS TARGET 570 SL 548
BUY ENGINEERS INDIA 71 SL 64.75
BUY RAJRATAN GLOBAL 900 SL 825
MY BEST
BUY SIYARAM SILK MILLS TARGET 570 SL 548
Kushal Gupta Stock Picks
CASH
GABRIEL INDIA – Buy – 142, sl – 132
FUTURES
TATA STEEL FUT – Buy – 962, sl – 923
OPTION
PERSISTENT SYSTEMS 3550 CE@105 – Buy – 125, SL – 95
TECHNO
VALIANT ORGANICS – Buy – 715, sl – 687
FUNDA
ASHOK LEYLAND – Buy – 180, DURATION – 1 year
INVESTMET
PVR BUY 2300, DURATION 12 MONTHS
STOCK IN NEWS
ONGC FUT SELL 129, SL 135
MY CHOICE
JSPL BUY 371, SL 357
BIOCON FUT SELL 321, SL 335
L&T BUY 1810, SL 1740
MY BEST
PERSISTENT SYSTEMS 3550 CE@105 – Buy – 125, SL – 95
