Stocks to buy today: List of 20 shares for profitable trade on December 8

The Indian markets on Tuesday closed with gains amid positive global cues as the benchmark indices closed higher by 1.50 per cent each. The Sensex surged over 850 points and Nifty went past 17,150-level with 264 points gain.  Metal and banking stocks drove the rally, while pharma remained the laggards on Tuesday.  

Amid good show by the banking stocks, the 12-share Nifty Bank also rose nearly 900 points or 2.50 per cent on Tuesday. 

See Zee Business Live TV Streaming Below:

“Domestic bourses staged a recovery bucking the trend in the international markets, supported by broad-based buying while healthcare stocks lost ground. Global markets traded with optimism on reports that the Omicron strain may not be as severe as expected,” Vinod Nair, Head of Research at Geojit Financial Services said in post market comment on Tuesday 

On the global front, the Asian markets started off Wednesday on strong note as all important Asian indices traded positive and the Wall Street headline indices too closed in the green for the second consecutive day on Tuesday.  Japanese Nikkei 225 was trading with 1.10% gain, Hang Seng Index at the Hong Kong Exchange was up 106 points and Chinese Shanghai Composite was trading higher by 0.22%. Similarly, Dow Jones closed with 1.40% or 492 points gain to 35,719, Nasdaq Composite added 461.76 points to 15686.92, S&P 500 settled with 95.08% or 2.07% to 4,686.75 and Russel 2,000 closed 50 points or 2.28% higher to 2,253.79 in Tuesday's closing. 

Meanwhile, ahead of the market open on Wednesday, Zee Business research team brings you a list of 20 stocks for profitable trade. The investors can refer to this list for picking stocks that can help them make money in today's intraday trade. Below is the list of stocks shortlisted by research analysts Varun Dubey and Ashish Chaturvedi on Wednesday.   

Varun Dubey Stock Picks  

Buy VIP Ind Target Rs 550 SL RS 520  

BUy Wipro FUT Target Rs 660 SL RS 625  

Buy Infosys 1720 CE Target Rs 45 SL RS 30  

Buy UPL Target Rs 755 SL RS 715  

Buy Havells Target Rs 1470 SL RS 1390  

Buy Polycab Target Rs 3000 Duration 6 to 8 months  

Buy NHPC target Rs 36 SL RS 32.5  

Buy Manappuram Finance Target Rs 181 SL Rs 171 

Buy Jai Corp Target Rs 137 SL RS 129 

Buy Asian Energy Services Target Rs 142 SL RS 133 

Varun's Best Pick 

Buy Asian Energy Services Target Rs 142 SL RS 133 

=============================================== 

Ashish Chaturvedi's Stock Picks  

BUY SUVEN PHARMA TARGET 520 SL 496  

BUY CUMMINS INDIA TARGET 980 SL 930  

BUY VEDANTA 345 CE TARGET 16 SL 10.30  

BUY RIIL TARGET 1038 SL 765  

BUY BASF INDIA TARGET 3100 DURATION 1 MONTH  

BUY DIXON TECH TARGET 6200 DURATION 12 MONTHS  

BUY HINDUSTAN ZINC TARGET 365 SL 350  

BUY TATA COMMUNICATIONS TARGET 1405 SL 1328 

BUY GUJARAT AMBUJA TARGET 174 SL 158 

BUY PAGE IND TARGET 40350 SL 38500 

Ashish Best Stock Pick 

BUY RIIL TARGET 1038 SL 765