Indian shares fell on Thursday tracking weakness across global markets. The Sensex fell as much as 122 points while the Nifty50 index shed 39 points to 9,226 as caution prevailed ahead of the RBI's credit policy announcement. Pharma, finance and oil & gas stocks weighed down on benchmark indices although buying in realty stocks limited the downside. The rupee also fell to 65.06 against the dollar impacting sentiment. Meanwhile, NDTV Profit spoke to few analysts who shared their trading picks.
Sumeet Bagadia, associate director, Choice Broking:
Hold Yes Bank for a target price of Rs 1,600-1,650 with stop loss around Rs 1,450-1,500
Buy Indiabulls Real Estate for a target price of Rs 100-105
Gaurang Shah, head investment strategist, Geojit BNP Paribas:
Buy Maruti Suzuki India for a target price of Rs 6,800
Hold Sobha Limited, Godrej Properties, Oberoi Realty, DLF
Buy Kotak Bank for a target price of Rs 1,100
Buy L&T for a target price of Rs 1,950
Buy SBI for a target price of Rs 325
Buy DLF, Sobha
Disclaimer: Investors are advised to make their own assessment before acting on the information.