Equity benchmark indices Sensex and Nifty declined in early trade on Wednesday amid continuous foreign fund outflows, weak trends from Asian markets and selling in banking stocks.
The 30-share BSE Sensex declined 138.58 points or 0.17 per cent to 80,664.28 in early trade. The NSE Nifty snapped its four-day rally and slipped 15.20 points to 24,683.65.
From the 30 Sensex firms, UltraTech Cement, Kotak Mahindra Bank, Tech Mahindra, ICICI Bank, HDFC Bank, IndusInd Bank, Power Grid and Axis Bank were the laggards.
Buy Union Bank of India shares in the cash segment for a target of Rs 129 with a stop loss at Rs 122
Buy Coforge futures for a target of Rs 6,320 with a stop loss at Rs 6,080
Buy the Rs 350 call option of BPCL at Rs 6 for a target of Rs 10 with a stop loss at Rs 3
Technical pick: Buy ICICI Prudential futures for a target of Rs 770 with a stop loss at Rs 740
Fundamental pick: Buy Tata Power shares for a target of Rs 500 with a perspective of one year
Investment idea: Buy SBI Life shares for a one-year target of Rs 2,100
News-based pick: Buy Petronet LNG futures for a target of Rs 387 with a stop loss at Rs 372
Buy Genus Power Infrastructures shares in the cash segment for a target of Rs 435 with a stop loss at Rs 408
Buy Bharti Airtel futures for a target of Rs 1,483 with a stop loss at Rs 1,448
Buy the 1,090 call option of Tata Motors for a target of Rs 20 with a stop loss at Rs 13
Technical pick: Buy Igarashi Motors shares for a target of Rs 715 with a stop loss at Rs 653
Fundamental pick: Buy UBL shares for a nine-month target of Rs 2,421
Investment idea: Buy Nestle India shares for a target of Rs 3,355 from a perspective of 12 months
News-based pick: Buy Ola Electric shares for a target of Rs 155 with a stop loss at Rs 131
(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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