Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to begin the week sharply lower tracking weakness across global markets, after Fed Chair Jerome Powell sounded more hawkish than many had expected at the annual Jackson Hole symposium.
NSE
Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — fell as much as 399 points or 2.3 percent to 17,260 ahead of the opening bell on Dalal Street.
CNBC-TV18’s in-house panel of experts has picked a list of stocks for investors to buy/sell in trade today:
Mitessh Thakkar of earningwaves.com:
Sell Coforge for a target of Rs 3,550 with a stop loss at Rs 3,700
Sell Lupin for a target of Rs 626 with a stop loss at Rs 662
Sell SBI Cards for a target of Rs 866 with a stop loss at Rs 921
Buy Chambal Fertilisers for a target of Rs 358 with a stop loss at Rs 334
Sudarshan Sukhani, technical analyst:
Sell GSPL with a stop loss at Rs 245
Sell Intellect Design Arena with a stop loss at Rs 598
Sell Marico with a stop loss at Rs 521
Buy PowerGrid with a stop loss at Rs 223
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