Emerging from Tuesday’s loss, the Indian stock markets were trading in the green on Wednesday. The BSE Sensex was trading at 57,352.64, up by almost 287 points or 0.5 per cent from the Tuesday closing levels. Meanwhile, the 50-share Nifty50 was trading at 17,096 around 2:20 pm, higher by 0.7 per cent or 113 points from the last closing. 

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Of the 15 sectoral indices, 2 were trading in the green while the remaining three were in the red. Most top indices including Nifty Bank, Nifty Auto, Nifty PSU Bank, Nifty IT and Nifty Metal were trading positively. However, the spotlight was on Nifty Consumer Durables. It was the top performer among all its peers on Tuesday and ended strongly despite Nifty50 and other indices performing poorly.  

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On Wednesday, it was one of the indices which was in the red. The 15-share index was trading at 28,143, down by almost 139 points or 0.5 per cent. At least 10 stocks were trading in the red while just five in the green. 

The top gainers were Voltas Limited, Blue Star Limited and Amber Enterprises India Limited which were up 1.9 per cent, 1.2 per cent and 0.9 per cent respectively. The top losers were Orient Electric Limited, Crompton Greaves Consumer Electricals and Kajaria Ceramics Limited which lost 2.4 per cent, 1.8 per cent and 1.5 per cent respectively.  

While, the sector is seeing some correction today, there are opportunities in certain stocks to make gains. Analyst Nilesh Jain, recommends three such stocks. Jain is is Assistant Vice President (AVP), Equity Research Technical and Derivatives at Centrum Broking. 

Orient Electric: Buy| LTP: Rs 379| Target: Rs 430| Stop Loss: Rs 350| Upside 13.5% 

This stock witnessed some correction today in the intraday trading. The stock offers opportunity to make significant gains, Jain said. The stock has corrected from Tuesday levels and is a candidate for buying. The right levels to buy this stock is between Rs 370 and Rs 375 for optimum risk-to-reward ratio. 

Voltas: Buy| LTP: Rs 1223| Target: Rs 1300| Stop Loss: Rs 1140| Upside 6% 

The stock is showing reversal trends towards the positive side, Jain said. He said that a pullback is expected for levels of Rs 1300. He puts the stop loss of Rs 1140.  

Dixon: Buy| LTP: Rs 5112| Target: Rs 5550| Stop Loss: Rs 4800| Upside 8.5% 

Dixon Technologies (India) Limited stock is expected to return gradual gains and not a swift movement, Jain said. An upside up to Rs 5100 is expected. The stop loss is see at Rs 4800.  

(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)