Indian shares are set for a positive start on Thursday ahead of the Reserve Bank of India’s monetary policy decision. All the respondents to CNBC-TV18's poll expect a rate cut from the monetary policy committee in its first bi-monthly policy today.
NSE
On Wednesday, the market snapped a four-day winning streak after hitting all-time-high levels intraday. The BSE Sensex lost 179 points to end at 38,877.12, while the Nifty50 ended 69 points lower at 11,644.
Among stocks, Ashwani Gujral is bullish on Maruti Suzuki and Bata India and bearish on Yes Bank, SBI, and Union Bank of India. Sudarshan Sukhani has a 'buy' call on TCS, Infosys and V-Guard Industries and a 'sell' call on Exide Industries and Reliance Capital. Mitessh Thakkar prefers Marico, while recommends reducing Amara Raja Batteries and Jain Irrigation.
Top buy-sell calls by market experts for Thursday:
Ashwani Gujral - ashwanigujral.com
- Sell State Bank of India with a stop loss of Rs 325, target at Rs 310
- Sell Union Bank of India with a stop loss of Rs 98, target at Rs 86
- Buy Maruti Suzuki with a stop loss of Rs 7,050, target at Rs 7,150
- Buy Bata India with a stop loss of Rs 1,385, target at Rs 1,430
- Sell YES Bank with a stop loss of Rs 277, target at Rs 263
Sudarshan Sukhani - s2analytics.com
- Buy Tata Consultancy Services with a stop loss of Rs 2,055, target at Rs 2,100
- Buy V-Guard Industries with a stop loss of Rs 218, target at Rs 226
- Buy Infosys with a stop loss of Rs 743, target at Rs 761
- Sell Exide Industries with a stop loss of Rs 212, target at Rs 205
- Sell Reliance Capital with a stop loss of Rs 199, target at Rs 188
Mitessh Thakkar - mitesshthakkar.com
- Sell Amara Raja Batteries with a stop loss of Rs 686, target at Rs 645
- Sell Jain Irrigation Systems with a stop loss of Rs 59.1, target at Rs 55
- Buy Infosys with a stop loss of Rs 742, target at Rs 780
- Buy Marico with a stop loss of Rs 349, target at Rs 366
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First Published:Apr 4, 2019 8:58 AM IST