Stocks to buy today: List of 20 stocks for profitable trade on March 17

The Indian markets ended higher by more than 1.5% on Wednesday, riding high on positive global cues and support from metal, banking and oi & gas stocks. Benchmarks Nifty50 and the Sensex gained 1.8% each as the former closed near 17,000-mark and the latter gained more than 1000 points to end above 56,800. Midcap and small cap indices gained between 1 to 2% as India VIX cooled off to 24-level. Realty saw maximum buying interest, while metal, bank, financial services, consumer durables and oil & gas all ended with nearly 2% gains or more. 

Meanwhile, Asian markets were off to a good start on Thursday as major indices traded in the green joining a rally on Wall Street overnight as potential risks from Federal Reserve monetary tightening to the Ukraine war and a slowdown in China became less murky. Japanese Nikkei 225 was up nearly 3%, Hang Seng Index at the Hong Kong Exchange was trading higher by 4.5% and Chinese Shanghai Composite was up 1.6% around 8.15 am on Thursday.  

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On Wall Street on Wednesday, the Dow, benchmark S&P 500 and Nasdaq all closed higher after choppy trading after the Fed announced a quarter percentage point increase in the overnight federal funds rate, lifting that key benchmark from its near-zero level. The gains were driven by stocks in the technology, financials and consumer discretionary sectors. 

The Dow Jones Industrial Average rose 1.55% to 34,063.1, the S&P 500 gained 2.24% to 4,357.86 and the Nasdaq Composite added 3.77% to 13,436.55. 

Meanwhile, ahead of the market opening on Thursday, Zee Business has shortlisted 20 stocks for profitable trade. These stocks have been identified keeping in mind investors' short-term, positional and long-term investment requirements.  

Deepanshu Bhandari Stock Picks 
 
Cash 
Buy Blue Star Tgt 1005, SL 970 
 
Futures 
Buy Balkrishna Fut Tgt 2105, SL 2040 
 
Option 
Buy AB Capital 110 Call Tgt 6.5, SL 2.7 
 
Techno 
Buy Piramal Ent Fut Tgt 2210, SL 2148 
 
Funda 
Buy JSW Energy Tgt 390, 12 months 
 
Invest 
Buy KPIT Tech Tgt 750, 12 months 
 
News 
Buy BEML Tgt 1570, SL 1510 
 
Mychoice 
Buy IndusInd Tgt 951, SL 915 
Buy Federal Bank Tgt 101, SL 96.5 
Buy Tata Motors Tgt 438, SL 418 
 
Best Pick 
Buy Piramal Ent Fut Tgt 2210, SL 2148 

Kushal Gupta Stock Picks 
 
Cash 
Star Cement - Buy - 96, sl - 91 
 
FTR 
Wipro - Buy - 618, sl - 592 
 
OPTN 
Kotak Mahindra Bank 1760 CE@ 52- Buy - 72, sl - 42 
 
Techno 
ICICI Prudential - Buy - 485, sl - 463 
 
Funda 
Voltas - Buy - 1500 Duration - 3 months 
 
Invest 
HDFC AMC - Buy - 2650 Duration - 1 year 
 
News 
PNC infra - Buy - 252, sl - 242 
 
Mychoice 
Sonata Software - Buy - 776, sl - 748 
SBI Card - Buy - 855, sl - 825 
Apollo Tyres -Buy - 195, sl - 183 
 
Best Pick 
Voltas - Buy - 1500, Duration - 3 months