Benchmark indices are likely to open in the red on Thursday, following subdued Asian peers, ahead of April F&O Expiry. Stock specific action will be in focus with Maruti Suzuki, Axis Bank reporting their March-quarter earnings during the day.
NSE
Asian shares slipped amid fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week.
Bulls staged smart comeback on April 24 after selling pressure seen in previous three consecutive sessions. The BSE Sensex rallied 489.80 points to close at 39,054.68 while the Nifty50 climbed 150.20 points to 11,726.20.
Among brokerages, Sudarshan Sukhani is bullish on REC, DCB Bank, TVS Motor, HUL, and bearish on NMDC. Mitessh Thakkar has a 'buy' call on Bajaj Finserv, HCL Tech and HUL, and 'sell' call on Dabur.
Stock recommendations by top market experts for Thursday:
Sudarshan Sukhani - s2analytics.com
- Buy Rural Electrification Corporation with a stop loss at Rs 149, target at Rs 154
- Buy DCB Bank with a stop loss of Rs 208, target at Rs 217
- Buy TVS Motor with a stop loss of Rs 512, target at Rs 524
- Buy Hindustan Unilever with a stop loss of Rs 1745, target at Rs 1772
- Sell NMDC with a stop loss of Rs 103.5, target at Rs 101
Mitessh Thakkar - mitesshthakkar.com
- Buy Bajaj Finserv with a stop loss of Rs 7594, target at Rs 7740
- Buy HCL Tech with a stop loss of Rs 1120, target at Rs 1175
- Sell Dabur India with a stop loss of Rs 403, target at Rs 388
- Buy Hindustan Unilever with a stop loss of Rs 1739, target at Rs 1780
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