Stocks to buy today: List of 20 stocks to buy on March 24
The Indian markets ended with nearly a half per cent cut on Wednesday as soaring crude oil prices and Russia-Ukraine war continue to weigh on the domestic market.
The Indian markets ended with nearly a half per cent cut on Wednesday as soaring crude oil prices and Russia-Ukraine war continue to weigh on the domestic market. The broader Nifty50 dropped 0.4% to end below 17,250, while the Sensex shed more than 300 points to close aboe 57,600. Outperforming benchmarks, Nifty midcap settled with over 0.5% gains Auto, banking and realty stocks declined the most, while some buying interest was seen in metal, pharma and oi & gas sectors.
Asian markets were trading negative in Thursday's early trade as Japanese Nikkei corrected more than 1%, Hang Seng Index at the Hong Kong exchange was trading lower by 0.4% and Chinese Shanghai Composite dragged nearly 0.5%.
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Meanwhile, Russia plans to reopen its stock market for limited trading on Thursday, nearly one month after shares plunged and the exchange was shut down following the invasion of Ukraine.
There will be heavy restrictions on trading intended to prevent the kind of massive selloff that took place on February 24 in anticipation of crushing financial and economic sanctions from Western nations.
Earlier, major U.S. equities indices declined more than 1%. The Dow Jones Industrial Average fell 448.96 points, or 1.29%, to 34,358.5; the S&P 500 lost 55.41 points, or 1.23%, to 4,456.2; and the Nasdaq Composite dropped 186.21 points, or 1.32%, to 13,922.60.
Ahead of the market opening, Zee Business research team brings you a list of 20 stocks from cash, F&O segments to help investors make money in the short-term, positional trade and on long-term basis.
Kushal Gupta Stock Picks
Cash
UTI AMC - Buy - 1000, sl - 962
FTR
Apollo Tyres - Sell - 183, sl - 192
OPTN
Berger Paints 680 PE@12.05 - Buy - 24, sl - 9
Techno
Godrej Prop - Sell - 1515, sl - 1575
Funda
Bharat Forge - Sell - 660, sl - 692
Invest
Divi's Lab - Buy - 5250
Duration - 1 year
News
ABB India - Sell - 1980, sl - 2070
Mychoice
Pidilite - Sell - 2360, sl - 2455
Best Pick
Apollo Tyres - Sell - 183, sl - 192
Ashish Chaturvedi Stock Picks
CASH STOCK
BUY TRIVENI TURBINE TARGET 210 SL 194
FUTURES
BUY LAURUS LABS TARGET 620 SL 600
OPTIONS
BUY ONGC 175 CE TARGET 7 SL 3
TECHNO
BUY KAMAT HOTELS TARGET 80 SL 65
FUNDA
BUY ROSSEL INDIA TARGET 205 DURATION 6 MONTHS
INVESTMENT PICK
BUY FORTIS HEALTH TARGET 350 DURATION 12 MONTHS
STOCK IN NEWS
BUY SONA BLW TARGET 713 SL 678
MY CHOICE
BUY CHOLA INVST TARGET 740 SL 715
BUY TATA ELXSI TARGET 7970 SL 7600
BUY SBI CARDS TARGET 890 SL 852
MY BEST
BUY FORTIS HEALTH TARGET 350 DURATION 12 MONTHS
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