On Thursday, Sensex, bonds and the rupee fell after the fiscal deficit for April-October reached 96 per cent of the budgeted target for the current fiscal year, spooking investors just hours before the release of economic growth data. The broader NSE Nifty lost 1.3 per cent to end at 10,226.55, while the benchmark BSE Sensex fell 1.35 per cent to 33,149.35. Both indexes posted their sharpest single-day fall since September 27, and ended November with monthly declines.
Meanwhile, research analyst Simi Bhaumik shares her trading picks:
Sell Adani Ports for a target price of Rs 389 with stop loss above Rs 405
Buy Escorts for a target price of Rs 736 with stop loss below Rs 710
Disclaimer: Investors are advised to make their own assessment before acting on the information.