Tag: Shrikant Chouhan

Indian equity benchmarks BSE Sensex and NSE Nifty50 made a gap-down start on Friday tracking weakness across global markets. Fears of steep rate hikes resurfaced globally after Fed Chairman Jerome Powell suggested that the US central bank will move aggressively to curb inflation.

The Sensex fell as much as 666.9 points or 1.2 percent to 57,244.8 in the first few minutes of trade after a gap-down opening. The Nifty50 began the day at 17,196.1, down 196.6 points or 1.1 percent from its previous close.

Globally, news flow on the Russia-Ukraine war and rising COVID cases in parts of the world remained on investors’ radar.

Equities in other Asian markets fell, with MSCI’s broadest index of Asia Pacific shares outside Japan down 0.9 percent in early hours. Japan’s Nikkei 225 was down 1.9 percent, Hong Kong’s Hang Seng 0.9 percent, South Korea’s KOSPI 1.2 percent and Singapore’s Straits Times 0.2 percent. China’s Shanghai Composite, however, was up 0.5 percent.

S&P 500 futures were down 0.4 percent. On Thursday, the three main Wall Street indices reversed course and posted losses. The S&P 500 fell 1.5 percent, the Dow Jones Industrial Average 1.1 percent and the technology stocks-heavy Nasdaq Composite 2.1 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:

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to make a mildly positive start on Friday as investors await the outcome of the first bi-monthly meeting of the RBI’s Monetary Policy Committee of FY23. At 8:56 am, Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty50 index — were up 12.5 points or 0.1 percent at 17,751, having risen as much as 31.5 points earlier in the day. 

Equities in other Asian markets began the day in the red, as the focus returned to the prospect of aggressive tightening of pandemic-era monetary policies. MSCI’s broadest index of Asia Pacific shares outside Japan was down 0.4 percent in early hours.

Japan’s Nikkei 225 was down 0.3 percent, China’s Shanghai Composite 0.2 percent and Hong Kong’s Hang Seng 0.4 percent. South Korea’s KOSPI was down 0.1 percent and Singapore’s Straits Times 0.5 percent.

S&P 500 futures were flat. On Thursday, the S&P 500 rose 0.4 percent, the Dow Jones 0.3 percent and the Nasdaq Composite 0.1 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:

Buy HDFC Life for a target of Rs 575 with a stop loss at Rs 552

Buy Honeywell Automation for a target of Rs 42,250 with a stop loss at Rs 40,400

Buy Dr Lal Pathlabs for a target of Rs 2,900 with a stop loss at Rs 2,800

Sell Delta Corp for a target of Rs 313 with a stop loss at Rs 330.5

Buy Axis Bank for a target of Rs 810-815 with a stop loss at Rs 780

Buy Coal India for a target of Rs 205-207 with a stop loss at Rs 188

Indian equity benchmarks BSE Sensex and NSE Nifty50 began Wednesday’s session on a weak note following a gap-down start, as the prospect of aggressive monetary policy tightening once again spooked investors globally. Both headline indices fell as much as 0.8 percent in early deals. The Sensex dropped as much as 481.9 points to 59,694.6 and the Nifty50 slid to as low as 17,819.2, down 138.3 points from its previous close.

Equities in other Asian markets fell tracking overnight losses on Wall Street. Comments from Fed Governor Lael Brainard brought investors’ focus back to the possibility of aggressive monetary policy tightening to curb worsening inflation. The dollar hit a near two-year high.

MSCI’s broadest index of Asia Pacific shares outside Japan was down 1.3 percent in early hours.

Japan’s Nikkei 225 was down 1.9 percent, China’s Shanghai Composite 0.7 percent, Hong Kong’s Hang Seng 1.7 percent, South Korea’s KOSPI 0.9 percent and Singapore’s Straits Times 0.5 percent.

S&P 500 futures were down 0.1 percent. On Tuesday, tech and other growth stocks pulled Wall Street’s main indices lower. The S&P 500 fell 1.3 percent, the Dow Jones 0.8 percent and the tech stocks-heavy Nasdaq Composite 2.3 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:

Indian equity benchmarks Sensex and Nifty50 are likely to make a negative start on Friday amid weakness across global markets, as focus returned to global cues as a worse-than-expected reading of inflation in the US fuelled concerns about aggressive hikes in rates from COVID-era levels. At 8:49 am, Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty50 index — were down 46 points or 0.3 percent at 16,524. Investors also monitored newsflow on the Russia-Ukraine war closely.

Equities in other Asian markets began Friday in the red after a 40-year high in US consumer prices stoked fears of rate hikes once again. MCSI’s broadest index of Asia Pacific shares outside Japan was down 1.7 percent in early hours. A monetary policy review by the Fed is due next week.

Japan’s Nikkei 225 tanked 2.5 percent and Hong Kong’s Hang Seng 2.9 percent. China’s Shanghai Composite was down 0.8 percent, South Korea’s KOSPI 0.9 percent and Singapore’s Straits Times 0.1 percent.

S&P 500 futures were down 0.3 percent. On Thursday, the three main Wall Street indices finished 0.3-1 percent lower, dragged by banking and tech shares. 

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:

Equities in other Asian markets began the day on a positive note, after US President Joe Biden unveiled harsh new sanctions against Russia. MSCI’s broadest index of Asia Pacific shares outside Japan was up 0.7 percent at the last count.

Japan’s Nikkei 225 was up 1.4 percent, China’s Shanghai Composite up 1.3 percent and Hong Kong’s Hang Seng up 0.4 percent. South Korea’s KOSPI was up 1.1 percent and Singapore’s Straits Times 1.3 percent.

S&P 500 futures were down 0.6 percent, a day after the three main Wall Street indices recovered initial losses to finish higher in a dramatic reversal. The S&P 500 rose 1.5 percent, the Dow Jones 0.3 percent and the Nasdaq Composite 3.3 percent.

Mitessh Thakkar of earningwaves.com

Buy Coromandel Fertiliser for a target of Rs 822 with a stop loss at Rs 791

Buy IOC for a target of Rs 128 with a stop loss at Rs 119

Sell LTTS for a target of Rs 4,300 with a stop loss at Rs 4,460

Sell PowerGrid for a target of Rs 187 with a stop loss at Rs 200

Shrikant Chouhan of Kotak Securities

Mitessh Thakkar of earningwaves.com

Buy Eicher Motors for a target of Rs 2,775 with a stop loss at Rs 2,680

Buy Bandhan Bank for a target of Rs 338 with a stop loss at Rs 322

Sell ONGC for a target of Rs 159 with a stop loss at Rs 166.5

Buy Reliance Industries for a target of Rs 2,475 with a stop loss at Rs 2,390

Shrikant Chouhan of Kotak Securities

Buy Tata Steel for a target of Rs 1,250-1,260 with a stop loss at Rs 1,180

Buy Reliance Industries for a target of Rs 2,480-2,500 with a stop loss at Rs 2,370

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Mitessh Thakkar of earningwaves.com

Buy Federal Bank for a target price of Rs 108 with a stop loss at Rs 101.5

Buy Jindal Steel and Power for a target of Rs 455 with a stop loss at Rs 432

Sell Crompton for a target of Rs 384 with a stop loss at Rs 405

Sell MGL for a target of Rs 772 with a stop loss at Rs 801

Shrikant Chouhan of Kotak Securities