The Sensex edged up on Wednesday but faced pressure at higher levels, while the broader Nifty struggled near 8,100 levels. Analysts say Indian markets are likely to struggle in the near term in the absence of any domestic triggers and worries about the impact of demonetisation on economic growth. Meanwhile, NDTV Profit spoke to market experts on their top stock picks.
Vijay Chopra, MD and CEO, Enoch Ventures
Buy Biocon for current market price of Rs 964 for a target price of Rs 990 with stop loss at Rs 950
Buy MOIL for a target price of Rs 375 with stop loss at Rs 350
Buy Grasim Industries for a target price of Rs 850 with stop loss at Rs 810
Manas Jaiswal, manasjaiswal.com
Buy Infosys for a target price of Rs 1,040 with stop loss at Rs 994
Buy Bata India for a target price of Rs 437 with stop loss at Rs 414
Amar Singh, Head Advisory, Angel Broking
Buy TCS at Rs 2,330-2,335 for a target price of Rs 2,375 with stop loss at Rs 2,308
Buy HCL Tech at Rs 827-830 for a target price of Rs 855 with stop loss at Rs 815
Sell Hindustan Zinc at Rs 262.50-263.50 for a target price of Rs 257 with stop loss at Rs 266
Avinnash Gorakssakar, CIO and head of research, Precision Investment Services
Buy NBCC for a target price of Rs 280
Buy HCL Tech for a target price of Rs 945
Buy The Byke Hospitality for a target price of Rs 220
Disclaimer: Investors are advised to make their own assessment before acting on the information.
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