The Indian market ended more than two and half per cent on Tuesday, aided by FIIs and huge buying interest in sectors.
The Indian market ended more than two and half per cent on Tuesday, aided by FIIs and huge buying interest in sectors. Nifty50 surged past 17,700, while the Sensex rose by over 1500 points. Banking, financial and auto stocks drove the rally on Tuesday.
“Tuesday’s rebound indicates the domestic economy’s resilience in comparison to its global peers. Although the markets are currently at premium valuations, continued support from foreign investors aided domestic stocks to inch higher,” said Vinod Nair, Head of Research at Geojit Financial Services.
Sectors in swing with the progress of the domestic economy should be able to do well compared to the rest, he added.
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Meanwhile, the early trends on Thursday remained negative with SGX Nifty dropping over 40 points and Asian market trading lower. Japanese Nikkei 225 was trading lower by 1.65%, Hang Seng Index at the Hong Kong Exchange declined 1.1% and Chinese Shanghai Composite marginally gained 0.15% in on Thursday morning.
Earlier, Extending the losses to the fourth consecutive session, the US markets closed in the red on Wednesday. Dow Jones declined by 280 points, Nasdaq Index dropped 66.93 points and S&P500 ended lower by 31 points on Wednesday.
Meanwhile, Zee Business brings you a list of 20 stocks from cash, techno, and F&O space. These stocks have been picked keeping in view investors’ short-to-long term requirements. The list also comprises intraday calls for good returns on a given day. Below is the list of stocks.
Kushal Gupta Stock Picks
Cash
Shakti Pumps – Buy – 515, sl – 492
FUTURES
Berger Paints – Buy – 692, sl – 667
OPTIONS
Biocon 310 PE@ 9.25 – Buy – 15, sl – 6.5
TECHNO
Interglobe Aviation Buy 2070, SL 1985
FUNDA
SBI Life – Buy – 1500, Duration – 1 year
IVNESTMENT
Hero Motocorp – Buy – 3130, Duration – 6 months
NEWS
Zydus Lifesciences – Buy – 388, sl – 372
MY CHOICE
Infosys FUT – Sell – 1455, sl – 1515
Star Paper – Buy – 212, sl – 203
Ashok Leyland Buy 160, Sl 149
MY BEST PICK
SBI Life – Buy – 1500
Duration – 1 year
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Ashish Chaturvedi Stock Picks
CASH KA STOCK
BUY JK PAPER TARGET 428 SL 415
FUTURES
BUY SAIL TARGET 83.70 SL 80.60
OPTIONS
BUY MARICO 525 CE TARGET 19.20 SL 13.80
TECHNO
BUY COAL INDIA TARGET 245 SL 226
FUNDA
BUY HUL TARGET 2815 DURATION 1 MONTH
INVEST STOCK
BUY SJVN TARGET 37 DURATION 6-9 MONTHS
STOCK IN NEWS
BUY HAVELLS TARGET 1421 SL 1380
MY CHOICE
BUY GENUS POWER TARGET 88 SL 83.50
BUY CENTURY TEXT TARGET 900 SL 850
BUY AIA ENG TARGET 2800 SL 2500
MY BEST
BUY SJVN TARGET 37 DURATION 6-9 MONTHS
