Indian stock markets have managed to hold even though global markets have been highly volatile. Nifty closed at over 11,670 points Thursday. Calling the sentiments around the aggravating coronavirus situation as "rhetoric", IIFL Director Sanjiv Bhasin said that if the markets are able to digest this, things will look upwards. He said that it was a very opportune time for investors back home in India.

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In a chat with Zee Business Managing Editor Anil Singhvi during the popular TV Show ‘Bhasin Ke Hasin Share’, analyst Bhasin said India will gain if the oil prices remain at current levels. The country may see a current account surplus from the existing current account deficit.

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He said that he expected the volatility to get over after 3 November once the US elections are over. He estimated Nifty at 12000 by Diwali. 

On his previous updates, He said that the investors should hold on to Tata Consumer and SAIL stocks. While the former will outperform, the latter is expected to post strong results, he said. The steel sector is also doing well, he further said.  

He gave three buy calls today.  

Top Stocks to Buy:  Bharti Airtel        
 
The technical analyst recommended Bharti Airtel. Asking investors to ignore the recent controversy, he said that the company has posted strong results with average revenue per user (ARPU) at an 18-month high. He said that investors should buy this stock at Rs 448- Rs 449. He puts the stop loss at Rs 441 while the target price at Rs 475.  

Top Stocks to Buy:  BPCL  

He said that it will be the biggest gainer of falling crude prices. He advised investors should buy this stock at Rs 344. He puts the stop loss at Rs 336.50 while the target price at Rs 375.  

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Top Stocks to Buy:  UP

He said that investors should buy this stock at Rs 453 -Rs 454. He puts the stop loss at Rs 446 while the target price at Rs 480.