Indian Hotels, Future Retail among key buy calls for intraday trade

Sensex today: The benchmark indices are expected to open higher on Friday tracking positive trend in Asian markets after US President Donald Trump backtracked on his suggestion of an imminent missile attack on Syria. Back home, IT major Infosys is scheduled to announce its March quarter results, kicking off the earnings season. At 8:40 am, SGX Nifty was trading at 10,477, up 9 points or 0.09 per cent. 

While Q4FY18 is seasonally weak for Infosys but analysts expect growth in earnings as compared to the previous year. The IT major is expected to report 1.4 per cent growth in revenues at Rs 18,040 crore as compared to Rs 17,794 crore reported earlier.

Investors will also react to industrial output as measured by the index of industrial production (IIP) rose 7.1 per cent in February while the consumer price index (CPI) showed retail inflation at 4.28 per cent in March, the fourth successive month of decline. IIP growth was 7.4 per cent in January while consumer inflation stood at 4.44 per cent in February. 

Overseas, MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.1 per cent while Japan's Nikkei gained 0.8 per cent. MSCI’s broadest gauge of the world’s stock markets also edged up 0.1 percent after hitting a three-week high on Thursday.

On Wall Street, the S&P 500 gained 0.83 per cent, led by a 1.83 per cent gain in financials after strong quarterly results from BlackRock Inc boosted optimism for corporate earnings.

On Thursday, foreign portfolio investors (FPIs) bought Rs 368.90 crore worth of stocks, while DIIs were net sellers to the tune of Rs 615.81 crore, provisional data available with BSE suggested. 

Here are key intraday trading tips:

Texmaco Rail & Eng (Buy)

Target: Rs 92
Stoploss: Rs 87

Texmaco opens subsidiary in South Africa 
Company to grow exports, EPC

UPL (Buy)

Target: Rs 765
Stoploss: Rs 740

IDFC Securities maintains outperform rating
brokerage sees target at Rs 982

Inox Leisure (Buy)

Target: Rs 279
Stoploss: Rs 271

Buying in multiplex stocks
Varun Dhawan movie October to be released

Indian Hotels (Buy)

Target: Rs 142
Stoploss: Rs 130

UBS suggests buying in the stock
UBS sees target at Rs 170

Future Retail (Buy)

Target: Rs 620
Stoploss: Rs 595

Buying in retail stocks
Buying in future group stocks

Varun Beverages (Buy)

Target: Rs 665
Stoploss: Rs 645
IIFL raised target to Rs 750 from Rs 710

(Stocks mentioned here are for informational purpose. Consult your financial advisor before investing.)