Buy Bank of Baroda, ITC Today: Sanjeev Bhasin

Indian stock markets are consolidating with most corporates having reported September quarter earnings. Most important events are now scheduled for December.

The yields on the 10-year government bond hit an 18-month low of 8.18 per cent, which indicates strong possibility of a rate cut next month.

Global cues are also benign as US indices continue to inch higher. Oil & gold weakness will continue to attract funds into equities and India will continue to outperform emerging markets basket.

Trading calls,

Buy Bank of Baroda: 980-985, stop loss 961, target 1020

Buy ITC: 367-372, stop loss 361, target 387

Sell Canara Bank: 395-401, stop loss 410, target 372

Sell Tata Global Beverages: 157-162, stop loss 166, target 148

Disclaimer: "Investors are advised to make their own assessment before acting on the information."