Benchmark indices are likely to remain range-bound on Wednesday, tracking global cues, as investors remain cautious ahead of the RBI policy decision due later this week. According to a CNBC-TV18 poll, RBI is expected to cut the key repo rate by 25 basis points. India's manufacturing growth fell to a six-month low in March due to weak demand.
NSE
On Tuesday, the markets consolidated with the BSE Sensex closing above 39,000 levels for the first time ever, driven by realty, auto, and technology stocks. The BSE Sensex Sensex rose 184.78 points to end at record closing high of 39,056.65 while the Nifty 50 gained 44 points to close at 11,713.20.
Among stocks, Ashwani Gujral is bullish on Oriental Bank of Commerce, SBI, Yes Bank, Bajaj Finance and HDFC, while, Sudarshan Sukhani prefers buying Asian Paints, BHEL and TCS. He has a sell call on Ceat. Mitessh Thakkar is positive on Bharti Airtel, GAIL and NIIT Tech and negative on Britannia Industries.
Here's what top market experts recommend buying on Wednesday:
Ashwani Gujral - ashwanigujral.com
- Buy Oriental Bank of Commerce with a stop loss of Rs 112, target at Rs 120
- Buy State Bank of India with a stop loss of Rs 325, target at Rs 341
- Buy Bajaj Finance with a stop loss of Rs 3,030, target at Rs 3,100
- Buy YES Bank with a stop loss of Rs 276, target at Rs 290
- Buy HDFC with a stop loss of Rs 1,985, target at Rs 2,040
Sudarshan Sukhani - s2analytics.com
- Buy Tata Consultancy Services with a stop loss of Rs 2,060, target at Rs 2,095
- Buy Asian Paints with a stop loss of Rs 1,504, target at Rs 1,540
- Buy HDFC with a stop loss of Rs 1,970, target at Rs 2,025
- Buy BHEL with a stop loss of Rs 73.5, target at Rs 77
- Sell Ceat with a stop loss of Rs 1,140, target at Rs 1,116
Mitessh Thakkar - mitesshthakkar.com
- Sell Britannia Industries with a stop loss of Rs 3,060, target at Rs 2,850
- Buy Bharti Airtel with a stop loss below Rs 352, target at Rs 368
- Buy NIIT Tech with a stop loss of Rs 1,334, target at Rs 1,390
- Buy GAIL India with a stop loss below Rs 360, target at Rs 377
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First Published:Apr 3, 2019 9:01 AM IST