The Indian Markets on Wednesday closed lower amid pressure from metal and banking stocks
The Indian Markets on Wednesday closed lower amid pressure from metal and banking stocks. The domestic market indices closed with minor loss after erasing early gains. Nifty50 slipped 27 points or 0.15% to 18,017, as it held on to 18,000-level. Similarly, Sensex also declined by 0.13% or 81 points to 60,352.82 in Wednesday’s closing.
In the Asian markets, the indices were trading mixed in the early trade on Thursday. Nikkei 225 index was trading with gains of 67 points to 29,174, Hang Sang Index, on the other hand, was down 140 points or 0.56% to 24,856 and Shanghai Composite also was trading in negative with weakness of marginal 6 points to 3,486.
Earlier, major Wall Street Indices closed in the red for the second day in a row amid proit booking. Dow Jones corrected 0.66%, Nasdaq 1.66% and S&P 500 declined 0.82 % on Wednesday closing. The indices closed with loss of 240 points to 36,079; 264 points to 15,623 and 39 points to 4,647 respectively on Wednesday.
Before market opens on Thursday, Zee Business research team has identified 20 stocks in which investors can put money to make profit in the intraday trade today. Our research analysts Ashish Chaturvedi and Kushal Gupta have compiled a list of stocks that can give good returns today. Take a look:
Ashish Chaturvedi’s Stock Picks
BUY SPENCER RETAIL TARGET 150 SL 137
BUY ACC TARGET 2635 SL 2520
BUY HDFC BANK 1540 PE TARGET 30 SL 16
BUY MACROTECH DEV TARGET 1350 SL 1200
BUY TATA MO TARGET 665 DURATION 12- 18 MONTHS
BUY MOTHERSON SUMI TARGET 290 DURATION 1 YEAR
BUY MOIL TARGET 200 SL 168
SELL FIRSTSOURCE SOLUTIONS FUT TARGET 172 SL 184
BUY DCB BANK TARGET 109 SL 101
BUY CRISIL TARGET 3000 2835
Ashish Best Pick
BUY MACROTECH DEV TARGET 1350 SL 1200
Kushal Gupta Stock Picks
Glenmark Life – Buy – 653, sl – 625
Wipro FUT – Sell – 633, sl – 660
Nalco 99PE@ 5.5 – Buy – 11, sl – 3
HDFC AMC – Buy – 2769, sl – 2660
Monte Carlo – Buy – 500. Duration: 3 months
Indus Tower – 400, Duration: 1 year
RVNL – Buy – 40, sl – 38
Coforge FUT – Sell – 5200, sl – 5400
Havells buy 1386, sl 1330
Bharti Airtel buy 880, Duration 1 Year
Kushal Gupta’s best pick
Monte Carlo – Buy – 500 Duration: 3 months
