Domestic equity market ended with more than 1% gains on Wednesday expecting breakthrough in Russia-Ukraine talks as global cues turned positive.
Domestic equity market ended with more than 1% gains on Wednesday expecting breakthrough in Russia-Ukraine talks as global cues turned positive. Broader Nifty50 scaled exactly 1% to close near 17,500, while S&P BSE Sensex rose 1.28% or 740 points to settled around 58,700 as FIIs turned buyers on Tuesday. Banking, financial services, realty, auto and IT stocks drew buying interest and metal and oil & gas witnessed ended in the negative zone.
On Thursday morning, Asian markets were largely trading negative or flat. Hang Seng Index at the Hong Kong Exchange was down 0.8%, Chinese Shanghai Composite dropped 0.2%, while Japanese Nikkei 225 was trading flat with positive bias around 7.40 am. Besides, SGX Nifty Futures also traded flat as the index traded higher by marginal 29 points on the Singaporean Exchange around the same time.
Earlier, the U.S. and European equities rally wavered on Wednesday as investors reviewed economic and geopolitical risks, while oil prices jumped more than $2 on the prospect of more Russian sanctions.
The breather in stocks followed three to four straight days of gains that more than erased losses sustained when Russia invaded Ukraine five weeks ago, and came as bond investors wondered whether the U.S. Federal Reserve`s policy tightening could harm the world`s biggest economy over the longer term, said a Reuters report.
Meanwhile major indices on Wall Street ended lower on Wednesday. The Dow Jones Industrial Average ended down 0.19%, the S&P 500 fell 0.63%, and the Nasdaq Composite shed 1.2%.
Ahead of the market opening on Thursday, Zee Business picked a list of 20 stocks to help investors maximise return on their money. These stocks have been shortlisted from cash, F&O and techno segments to help investors make money in short-term trade, positional and long-term investment. Below is the list of stocks, take a look.
Ashish Chaturvedi Stock Picks
CASH STOCK
BUY MSTC TARGET 318 SL 299
FUTURES
BUY INTELLECT APRIL TARGET 950 SL 903
OPTIONS
BUY RELIANCE IND APRIL 2680 CE TARGET 106 SL 65
TECHNO
BUY FORTIS HEALTH TARGET 305 SL 270
FUNDA
BUY COLPAL TARGET 1835 DURATION 6 MONTHS
IPL STOCK
BUY HAL TARGET 1850 DURATION 12MONTHS
STOCK IN NEWS
BUY AXIS BANK TARGET 770 SL 742
MY CHOICE
BUY KSB LTD TARGET 1322 SL 1275
BUY SRF TARGET 2800 SL 2685
BUY JK LAKSHMI CEMENT TARGET 490 SL 460
MY BEST
BUY INTELLECT APRIL TARGET 950 SL 903
Kushal Gupta Stock Picks
Cash
Indian Bank – Buy – 157, sl – 150
FTR
Alkem Lab (APR) FTR – Buy – 3730, sl – 3590
OPTN
Tata Motors 450 APR [email protected] – Buy – 30, sl – 12
Techno
Godrej Properties (APR) FTR – Buy – 1720, sl – 1650
Funda
Redington India – buy – 220, Duration – 1 year
IPL
Bharti Airtel – Buy – 900, Duration – 6 months
News
IPCA Lab (APR) FTR – Buy – 1090, sl – 1050
Mychoice
Tata Steel April FUT Sell 1280, Sl 1325
Hero Moto Apr Fut Buy 2340, Sl 2250
Ultratech Buy 6800, Sl 6560
Best Pick
Alkem Lab (APR) FTR – Buy – 3730, sl – 3590.
(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.)
