The Indian indices are likely to open on a flat note on Thursday as trade worries eased on reports that the US President Donald Trump is planning to delay tariffs on auto imports, providing much-needed relief to markets.
NSE
Asian shares remained steady with MSCI’s broadest index of Asia-Pacific shares outside Japan trading flat and both Australia and South Korea little changed. Meanwhile, Japan’s Nikkei fell 0.6 percent, with banks hurt by weak earnings.
On Wednesday, benchmark indices ended lower in a volatile trade led by a fall in banks, auto, and metal stocks. The Sensex ended 204 points lower at 37,115, while Nifty was down 65 points at 11,157.
Among stocks, Sudarshan Sukhani is bullish on UPL and Titan company and bearish on Castrol India, Bank of India, and Oriental Bank of Commerce. Mitessh Thakkar was negative on Maruti Suzuki and Hindustan Unilever and positive on UPL and Interglobe Aviation. Prakash Gaba has a 'buy' call on Bajaj Finance and Jubilant Foodworks and 'sell' call on Dish Tv and Vodafone India.
Top stock recommendations by market experts for Thursday:
Sudarshan Sukhani - s2analytics.com
- Buy UPL with a stop loss of Rs 960, target at Rs 976
- Buy Titan Company with a stop loss of Rs 1,152, target at Rs 1,180
- Sell Castrol India with a stop loss of Rs 142.8, target at Rs 140
- Sell Bank of India a with stop loss of Rs 80.8, target at Rs 78.8
- Sell Oriental Bank of Commerce with a stop loss of Rs 91, target at Rs 88
Mitessh Thakkar - mitesshthakkar.com
- Sell Maruti Suzuki with a stop loss of Rs 6,525, target at Rs 6,300
- Sell Hindustan Unilever with a stop loss of Rs 1,691, target at Rs 1,635
- Buy UPL with a stop loss of Rs 958, target at Rs 995
- Buy Interglobe Aviation with a stop loss of Rs 1,590, target at Rs 1,650
Prakash Gaba - prakashgaba.com
- Buy Bajaj Finance with a stop loss of Rs 2,950, target at Rs 3,100
- Buy Jubilant Foodworks with a stop loss of Rs 1,200, target at Rs 1,280
- Sell Dish TV with a stop loss of Rs 31, target at Rs 23
- Sell Vodafone Idea with a stop loss of Rs 14, target at Rs 10
Also, track all live market updates on CNBC-TV18 Market Blog