Stock market benchmarks indices Sensex and Nifty declined in early trade on Wednesday, extending their Budget day fall, after the government proposed to hike securities transaction tax on futures & options.
Foreign fund outflows and a weak trend in global markets also played spoilsport for the domestic markets. After a weak beginning, the 30-share BSE Sensex further declined 233.7 points to 80,195.34. The NSE Nifty dipped 73.45 points to 24,405.60.
Buy DCM Shriram shares in the cash segment for a target of Rs 1,047 with a stop loss at Rs 1,000
Buy Hindustan Unilever Ltd (HUL) futures (August) for a target of Rs 2,810 with a stop loss at Rs 2,750
Buy the Rs 1,270 call option of Tata Consumer Products for a target of Rs 45 with a stop loss at Rs 31
Technical pick: Buy Avenue Supermarts (DMart) shares for a target of Rs 5,700 with a perspective of three months
Fundamental pick: Buy ICICI Prudential shares for a target of Rs 720 with a perspective of two-month
Investment idea: Buy Pfizer shares for a one-year target of Rs 6,230
News-based pick: Buy Thyrocare Technologies shares for a target of Rs 670 with a stop loss at Rs 640
Buy ICICI Securities shares in the cash segment for a target of Rs 795 with a stop loss at Rs 767
Buy United Spirits futures (August) for a target of Rs 1,387 with a stop loss at Rs 1,330
Buy the 385 call option of NTPC at Rs 14.7 for a target of Rs 23 with a stop loss at Rs 10
Fundamental pick: Buy Affle India shares for a one-year target of Rs 1,650
Investment idea: Buy Infosys shares for a target of Rs 2,000 from a perspective of 12 months
News-based pick: Buy Schaeffler India shares for a target of Rs 4,015 with a stop loss at Rs 3,860
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)
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