India’s benchmark BSE Sensex and NSE Nifty50 stocks began tracking weakness in global markets on Friday. Fears of sharp rate hikes resurfaced globally after Fed Chairman Jerome Powell suggested the US central bank would act aggressively to rein in inflation.
Globally, news about the Russian-Ukrainian war and rising COVID cases in some parts of the world remained on investors’ radar.
Shares in other Asian markets fell, with MSCI’s broadest index of Asia-Pacific stocks outside Japan down 0.9% in the early morning hours. Japan’s Nikkei 225 fell 1.9%, Hong Kong’s Hang Seng 0.9%, South Korea’s KOSPI 1.2% and Singapore’s Straits Times 0.2%. However, China’s Shanghai Composite rose 0.5%.
S&P 500 futures fell 0.4%. Thursday, the three main Wall Street indices reversed course and posted losses. the The S&P 500 fell 1.5%, the Dow Jones Industrial Average 1.1% and the tech-heavy Nasdaq Composite 2.1%.
CNBC-TV18’s in-house panel of experts has selected a list of stocks investors can buy/sell in trading today. Here are the best buy-sell calls from market experts:
Prakash Gaba from prakashgaba.com
Buy ICICI Bank for a target of Rs 775-780
Buy escorts for a target of Rs 1,600 with a stop loss at Rs 1,560
Buy Hero MotorCorp for a target of Rs 2,350
Buy Polycab for a target of Rs 2,800 with a stop loss at Rs 2,720
Buy Reliance Industries for a target of Rs 2,900 with a stop loss at Rs 2,740
Shrikant Chouhan of Kotak Securities
Buy Reliance Industries on dips to Rs 2,750-2,730 for targets of at least Rs 2,900-3,000 in coming days
Buy SBI for short term targets of Rs 530-535
Buy ICICI Bank for targets of Rs 790-800
Buy Fortis Healthcare for a target of Rs 290-295
Buy Sun Pharma for a target of Rs 990 with a stop loss at Rs 920
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(Edited by : Sandep Singh)