The Indian benchmark indices are likely to open on a flat note on Wednesday, following a muted trend in Asian peers. Investors' worries eased after US President Donald Trump referred to the escalating trade war with China as “a little squabble,” and added, “We have a good dialogue going.” On Tuesday, Indian shares ended higher, snapping nine sessions of losses with Nifty closing above the 11,200-mark. The Sensex settled 228 points higher at 37,318, while Nifty added 74 points at 11,222.
NSE
Among stocks, Sudarshan Sukhani is bullish on Ajanta Pharma, Colgate Palmolive, and BPCL while he is bearish on NMDC, and Escorts. Mitessh Thakkar has a 'buy' call on SBI and Manappuram Finance and 'sell' call on Pidilite Industries and Bosch. Prakash Gaba was positive on LIC Housing Finance, MCX India, and Vedanta and negative on Bata India.
Stock recommendations by top market experts for today:
Sudarshan Sukhani - s2analytics.com
- Buy Colgate Palmolive with a stop loss of Rs 1,112, target at Rs 1135
- Buy Ajanta Pharma with a stop loss of Rs 1,045, target at Rs 1,070
- Buy BPCL with a stop loss of Rs 353, target at Rs 362
- Sell NMDC with a stop loss of Rs 93, target at Rs 91
- Sell Escorts with a stop loss of Rs 584, target at Rs 568
Mitessh Thakkar - mitesshthakkar.com
- Buy State Bank of India with a stop loss of Rs 309.5, target at Rs 325
- Buy Manappuram Finance with a stop loss of Rs 117.8, target at Rs 127
- Sell Bosch with a stop loss of Rs 17,200, target at Rs 16,000
- Sell Pidilite Industries with a stop loss of Rs 1,150, target at Rs 1106
Prakash Gaba - prakashgaba.com
- Buy LIC Housing Finance with a stop loss of Rs 480, target at Rs 500
- Buy MCX India with a stop loss of Rs 812, target at Rs 852
- Buy Vedanta with a stop loss of Rs 156, target at Rs 168
- Sell Bata India with a stop loss of Rs 1,340, target at Rs 1,260
Also, track live market action at CNBC-TV18 Market blog