Tata Consumer, Indian Oil, Intellect Design, etc.

Indian stock benchmarks Sensex and Nifty50 are expected to start the week in the red amid mixed global indices. Investors’ attention globally has shifted to central bank meetings scheduled for this week for clarity on the pace and magnitude of interest rate hikes in the pandemic era. As of 8:40 a.m., Singapore Stock Exchange (SGX) Nifty futures – an early indicator for the Nifty50 index – were down 87.5 points or 0.5% at 16,562. Investors also watched closely information flows on the Russian-Ukrainian war.

Shares in other Asian markets gave up initial gains as caution persisted among investors over talks between Russia and Ukraine and attention shifted to central bank meetings this week. MSCI’s broadest index of Asia-Pacific stocks outside of Japan fell 1.3% in the early morning hours.

Japan’s Nikkei 225 index rose 0.9%. Hong Kong’s Hang Seng fell 2.7%, China’s Shanghai Composite 0.7% and South Korea’s KOSPI 0.8%. Singapore’s Straits Times fell 0.2%.

S&P 500 futures rose 0.4%. On Friday, the three main Wall Street indices fell 0.7 to 2.2%, led by technology and growth stocks.

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:

Sudarshan Sukhani from s2analytics.com

Sell Bandhan Bank with a stop loss at Rs 268

Buy Laurus Labs with a stop loss at Rs 550

Buy NMDC with a stop loss at Rs 152

Buy Tata Consumer with a stop loss at Rs 705

Mitesh Thakkar from Earningwaves.com

Buy IOC for a target of Rs 128 with a stop loss at Rs 121.50

Buy Intellect Design for a target of Rs 775 with a stop loss at Rs 722

Buy Colgate-Palmolive for a target of Rs 1,540 with a stop loss at Rs 1,479

Sell Firstsource for a target of Rs 117 with a stop loss at Rs 127.5

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