Top stock tips by Sudarshan Sukhani, Mitessh Thakkar: Infosys, ITC, Federal Bank and more
Summary
CNBC-TV18’s in-house panel of experts has picked a list of stocks for investors to buy/sell in trade today:
Indian equity benchmarks Sensex and Nifty50 are likely to trade higher on Thursday amid positive global cues. At 9:00 am, Nifty futures trading on Singapore Exchange — an early indicator of NSE’s Nifty50 index in India — were up 72 points or 0.4 percent at 18,250.
Equities in other Asian markets were rising as the dollar eased and longer-dated bonds rallied on Thursday as investors reckoned on inflation bringing forward rate hikes around the world.
MSCI’s broadest index of Asia-Pacific shares outside Japan gained half a percent. Japan’s Nikkei was climbed 1 percent. The Shanghai Composite was marginally softer while Hong Kong markets were closed for a holiday.
S&P 500 E-Mini futures were up 0.3 percent in early Asian trade, suggesting a mildly positive start in the US on Wednesday. Overnight on Wall Street, S&P 500 and Nasdaq closed higher while Dow Jones ended flat.
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 Cholamandalam Investment & Finance for a target of Rs 620 with a stop loss at Rs 585
Buy ITC for a target of Rs 260 with a stop loss at Rs 244
Buy Federal Bank for a target of Rs 101 with a stop loss at Rs 90
Buy Godrej Consumer Products for a target of Rs 1,035 with a stop loss at Rs 1,100
Sudarshan Sukhani of s2analytics.com
Buy Larsen and Toubro (L&T) with a stop loss of Rs 1,700
Buy Infosys with a stop loss of Rs 1,662
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