Indian stock markets edged higher on Thursday, tracking higher Asian markets. The Sensex gained over 100 points while Nifty was firm above 9,150. Asian shares edged up to near their highest in two years on Thursday, while the dollar benefited from waning expectations that the European Central Bank was poised to end its easy policy. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.2 per cent higher in early trade, pushing against its loftiest levels since June 2015. Some analysts say that with as long as Nifty holds 9,000 levels, it could rise to 9500 levels. Meanwhile, NDTV Profit spoke to a few analysts who shared their trading picks.
Gaurang Shah, Head Investment Strategist, Geojit BNP Paribas
(medium to long-term picks)
Buy Cholamandalam Investment And Finance Company for target of Rs 1300
Cadila Healthcare: Clarity on Moraiya facility and new launches will be positive and investors can buy for target of Rs 490-500.
City Union Bank: After consolidation, the stock moved up on earning visibility. Investors can buy for target of Rs 160.
K Subramanyam, Co-Head Equity Advisory, Altamount Capital
Buy Karnataka Bank with stop loss at Rs 135 for target of Rs 146
Buy PTC for target of Rs 96 with stop loss at Rs 86
Amar Singh, Head Advisory, Angel Broking
Buy Havells India around Rs 457 with stop-loss at Rs 449.50 for target of Rs 476
Buy Hindustan Unilever around Rs 900-905 with stop-loss at Rs 879 for target of Rs 950
Buy L&T Finance on any pullback around Rs 121-122 with stop-loss at Rs 118.50 for target of Rs 130
Disclaimer: Investors are advised to make their own assessment before acting on the information.