Stocks to buy: Market expert and IIFL Securities Director Sanjiv Bhasin on Thursday predicted that the benchmark Nifty50 index will soon hit 16,500. 

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In a special segment ‘Bhasin Ke Hasin Share' aired on Zee Business with Managing Editor Anil Singhvi, he picked three stocks for investors that can yield high returns in the near term.

Marico Fut
Bhasin recommended Marico Limited as his first pick. He said this is the top FMCG counter. Marico is most affected stock by the price of palm oil and other falling, he added.
Price: Rs 510.40
Target: Rs 540
Stop Loss: Rs 490

Balkrishna Industries Fut
Bhasin recommended Balkrishna Industries as his second pick. Unquestionably, Balkrishna Industries is the best tyre re-traded market, he said.
Price: Rs 2325
Target: Rs 2420
Stop Loss: Rs 2250

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GMR Infra Fut
Bhasin recommended GMR Infra as his third pick. He said this stock is an outperformer.
Price: Rs 34 - Rs 34.25
Target: Rs 37.50
Stop Loss: Rs 33.50

On Rupee, Bhasin said that the weakness in the currency has been priced-in. He also advised investors to beware of fake accounts on social media platforms recommending stocks for trading, adding that it is always better to go with the suggestions of your financial advisor.

He said that India's economy with a 7% inflation rate is doing better compared to the US.