Trading Calls: Buy Bharat Financial, IGL; Sell Hindustan Zinc, Say Experts
Weakness in pharma,
metal, realty and banking stocks weighed on the broader markets in early
morning deals.
Indian markets started Friday's session on a weak note, with the Sensex shedding 190 points to 32,193 and therefore the slap-up falling 53 points to 9,967.
Weakness in drug company, metal, material possession and banking stocks - down 0.5-1 per cent - weighed on the broader indicess in early morning deals.
Among the highest losers on the slap-up were Dr Reddy's Laboratories, Lupin, geographic region Unilever, Hindalco industries, ICICI Bank and Vedanta, down between 1.50 per cent and 5.05 per cent.
Shares within the alternative Asian markets sagged with the MSCI's broadest index of Asia-Pacific shares outside Japan falling 0.8 per cent, tho'it had been still heading in the right direction for a 0.4 per cent weekly gain.
Japan's Nikkei shed 0.4 per cent. On Wall Street, the Dow industrials set a record closing high, helped by a 7.7 per cent jump in Verizon, following the highest North American country wireless carrier's quarterly earnings.
Meanwhile, market specialists shared their prime commerce picks:
Lovelesh Sharma of Epic Research:
Buy India money on dips for a target value of Rs. 845 with stop loss at Rs. 799
Sell geographic region Zn on rise for a target value of Rs. 255 with stop loss at Rs. 285
Simi Bhaumik, analysis analyst:
Buy IGL for a target value of Rs. 1220 with stop loss at Rs. 1,155.
Lovelesh Sharma of Epic Research:
Buy India money on dips for a target value of Rs. 845 with stop loss at Rs. 799
Sell geographic region Zn on rise for a target value of Rs. 255 with stop loss at Rs. 285
Simi Bhaumik, analysis analyst:
Buy IGL for a target value of Rs. 1220 with stop loss at Rs. 1,155.
Buy Tata Elxsi for a target value of Rs. 1,785 with stop loss at Rs. 1,720
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