Indian benchmark indexes, the BSE Sensex and the NSE Nifty50, are likely to remain in range on Wednesday, tracking mixed Asian sentiments as investors await fresh directional cues from US-China trade negotiations.
NSE
On Tuesday, benchmark Indices ended over 1 percent higher on Tuesday on the back of sustained buying in midcaps, smallcaps, auto and banking stocks despite negative global cues. The S&P BSE Sensex settled at 36,442, up 378 points, while the broader NSE Nifty50 ended at 10,987, adding 124 points. Meanwhile, broader markets outperformed frontline indices with the Nifty MidCap rising 2.3 percent and Nifty Smallcap gaining 4 percent.
Among stocks, Sudarshan Sukhani suggests buying Bata India Bajaj Finance, Cummins India, Dr Reddy's Labs, and Petronet LNG, Whi;e Aswini Gujral is positive on Adani Enterprises, L&T Finance, Tata Steel and BEML.
Top buy-sell calls from market experts for today:
Sudarshan Sukhani - s2analytics.com
- Buy Dr Reddy's Labs with stop loss of Rs 2,628, target at Rs 2,690
- Buy Bajaj Finance with stop loss of Rs 2,650, target at Rs 2,730
- Buy Bata India with stop loss of Rs 1,287, target at Rs 1,335
- Buy Cummins India with stop loss of Rs 705, target at Rs 735
- Buy Petronet LNG with stop loss of Rs 222, target at Rs 234
Ashwani Gujral - ashwanigujral.com
- Buy L&T Finance Holdings with a stop loss of Rs 124, target at Rs 136
- Buy Adani Enterprises with a stop loss of Rs 138, target at Rs 150
- Buy Can Fin Homes with a stop loss of Rs 288, target at Rs 310
- Buy Tata Steel with a stop loss of Rs 515, target at Rs 540
- Buy BEML with a stop loss of Rs 900, target at Rs 925
Mitessh Thakkar - mitesshthakkar.com
- Buy Hero MotoCorp with a stop loss of Rs 2,767, target at Rs 2865
- Buy Siemens with a stop loss of Rs 1,009, target at Rs 1,072
- Buy ITC with a stop loss of Rs 279.90, target at Rs 289.5
First Published:Mar 6, 2019 9:06 AM IST