The Indian benchmark indices are likely to open on a flat note on Tuesday with the main focus shifting from elections to the last leg of March-quarter earnings ahead of May F&O expiry. Meanwhile, Asian shares tracked European gains on Tuesday, as relief over EU election results eased concerns about political difficulties in the bloc
NSE
On Monday, the market continued its positive momentum for the second consecutive session and ended at fresh record closing high led by financial and metal stocks. The BSE Sensex rallied 248.57 points to 39,683.29 while the Nifty50 rose 80.70 points to 11,924.80. Meanwhile, the broader market outperformed the frontlines as the Nifty Midcap and Smallcap indices gained 1.6 percent each.
Among stocks, Sudarshan Sukhani is positive on Britannia Industries, Kotak Bank, Interglobe Aviation, and V-Guard Industries, and negative on Zee Entertainment. Rajat Bose is bullish on L&T, Aurobindo Pharma, and Axis Bank, and bearish on Asian Paints. Prakash Gaba has a 'buy' call on Axis Bank, HUL, IOC, and RBL Bank.
Top stock recommendations by market experts for Tuesday:
Sudarshan Sukhani - s2analytics.com
- Buy Britannia Industries with a stop loss of Rs 2,875, target at Rs 2,940
- Buy Kotak Mahindra Bank with a stop loss of Rs 1,510, target at Rs 1,545
- Buy Interglobe Aviation with a stop loss of Rs 1,646, target at Rs 1685
- Buy V-Guard Industries with a stop loss of Rs 218, target at Rs 225
- Sell Zee Entertainment with a stop loss of Rs 368, target at Rs 352
Rajat Bose - rajatkbose.com
- Buy Larsen & Toubro with a stop loss below Rs 1,564 for targets of Rs 1610 and Rs 1,622
- Buy Aurobindo Pharma with a stop loss below Rs 674 for targets of Rs 691 and Rs 696
- Buy Axis Bank with a stop loss below Rs 803.80 for targets of Rs 825 and Rs 828
- Sell Asian Paints with a stop loss above Rs 1,382 for targets of Rs 1,354 and Rs 1,349
Prakash Gaba - prakashgaba.com
- Buy Axis Bank with a stop loss of Rs 800, target at Rs 830
- Buy Hindustan Unilever with a stop loss of Rs 1,700, target at Rs 1,800
- Buy Indian Oil Corporation with a stop loss of Rs 159, target at Rs 170
- Buy RBL Bank with a stop loss of Rs 680, target at Rs 730
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