The Sensex and Nifty buckled under selling pressure for the fourth session on the trot on Wednesday ahead of the US Federal Reserve's policy decision.  The 30-share BSE Sensex slumped 329.06 points or 0.57 per cent to end at 57,788.03. Similarly, the broader NSE Nifty fell 103.50 points or 0.60 per cent to 17,221.40. Bajaj Finance was the top loser in the Sensex pack, dropping 3.10 per cent, followed by Bajaj Finserv, ITC, TCS, Titan, HCL Tech and HDFC. 

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On the other hand, Sun Pharma, Kotak Bank, M&M, Maruti, L&T and NTPC were among the gainers, spurting as much as 2.59 per cent. The market breadth was negative, with 21 out of the 30 Sensex constituents finishing in the red. 

Meanwhile, in the Asian markets, Japanese Nikkei 225 was trading higher by 1.74%, while Hang Seng Index at the Hong Kong Exchange was trading 0.52% lower and Shanghai Composite was also trading 8 points higher on Thursday morning. 

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Earlier on Wednesday, the US stock markets closed higher welcoming Fed decision. Dow Jones gained 383 points or 1.08% to 35,927, Nasdaq Composite rose by 328 points or 2.15% to 15,566 and S&P 500 also surged by 1.63% or 76 points to 4710 after Federal approved plans to more quickly wind down pandemic stimulus efforts. 

Ahead of the market open on Thursday, Zee Business Research team has identified 20stocks for investors and traders from cash, F&O and techno segments and fundamental stocks for long term investment. Below is the list of stocks:  

Ashis Chaturvedi's stock picks 

BUY LINC PEN TARGET 265 SL 242  

SELL TATA CHEM  FUT TARGET 913 SL 935  

BUY EXIDE IND 165 PE TARGET 4.95 SL 2.30  

BUY PRECISION CAMSHAFT 170 SL 146  

BUY FORTIS HEALTH 350 DURATION 6 MONTHS  

BUY JBM AUTO TARGET 1400 DURATION 9-12 MONTHS  

BUY IBULHSGFIN TARGET 315 SL 240  

BUY HINDUJA GLOBAL SOLUTIONS TARGET 3275 SL 3120 

BUY TORRENT POWER TARGET 627 SL 590 

BUY UNICHEM LABS TARGET 290 SL 262 

Ashish Best Pick 

BUY JBM AUTO TARGET 1400 DURATION 9-12 MONTHS 

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Kushal Gupta Stock Picks 

Jubilant Ind - Buy - 525, sl - 504  

Infosys FUT - Buy - 1785, sl - 1717  

Chambal Fertiliser 410 CE@17.1 - Buy - 25, sl - 15  

Sonata Software - Buy - 874, sl - 840  

Tube Investment - Buy - 1950, Duration: 6 months  

Ashok Leyland Buy 164, Duration 6 Months  

PNB Housing Finance Buy 570, sl 533  

Sun Pharma Buy 800, sl 770 

Aurobindo Pharma Buy 715, sl 684 

Dr Lal Path FUT sell 3390, sl 3530 

Kushal Gupta Best Pick 

Ashok Leyland Buy 164, Duration 6 Months