Indian equity benchmarks Sensex and Nifty50 started Wednesday's session on a positive note amid a mixed trend in global markets, as investors remained concerned about the prospect of aggressive tightening of COVID-era monetary policies. The Sensex rose as much as 370.9 points or 0.6 percent to 58,947.2 and the Nifty50 climbed to as high as 17,647.7, up 117.4 points or 0.7 percent from its previous close.
NSE
Equities in other Asian markets began the day on a mixed note following overnight losses on Wall Street, as a US inflation reading fuelled concerns about aggressive tightening of monetary pandemic-era monetary policies. MSCI's broadest index of Asia Pacific outside Japan was up half a percent in early hours.
Japan's Nikkei 225 was up 1.6 percent, South Korea's KOSPI 1.2 percent and Singapore's Straits Times 0.8 percent, but China's Shanghai Composite down 0.5 percent and Hong Kong's Hang Seng down 0.3 percent.
S&P 500 futures were up 0.4 percent.
On Tuesday, the three main Wall Street indices gave up initial gains after US data showed inflation in the world's largest economy hit a fresh low in four decades. The S&P 500, the Dow Jones and the Nasdaq Composite each fell 0.3 percent.
CNBC-TV18’s in-house panel of experts has picked a list of stocks for investors to buy/sell in trade today. Here are the top buy-sell calls by market experts:
Sudarshan Sukhani of s2analytics.com
Sell Siemens with a stop loss at Rs 2,500
Sell Asian Paints with a stop loss at Rs 3,162
Buy Axis Bank with a stop loss at Rs 777
Buy Shree Cement with a stop loss at Rs 24,000
Mitessh Thakkar of earningwaves.com
Buy Astral for a target of Rs 2,200 with a stop loss at Rs 2,099
Buy Mahindra & Mahindra for a target of Rs 880 with a stop loss at Rs 850
Sell Berger Paints for a target of Rs 702 with a stop loss at Rs 732
Buy Bandhan Bank for a target of Rs 345 with a stop loss at Rs 337
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