The Sensex hit a record high of 30,089 today while Nifty inched closer to 9,350 amid a global rally. Analysts say that Nifty could be headed to 9,500 levels after breaking out of the 9,000-9,250 range. Many traders who had shorted the market are now trapped and this could lead to further gains in the Nifty, they say. The market rally comes after a string of solid domestic quarterly results, while hopes for additional foreign inflows to India have increased on renewed optimism about the US economy and after the first round of an election in France went to the market's preferred candidate. Meanwhile, NDTV Profit spoke to a few analysts who shared their stock picks.
Amar Singh, head advisory at Angel Broking
Buy Pidilite Industries with target price of Rs 748 and stop-loss of Rs 707
Buy Apollo Tyres with target of Rs 254 and stop-loss of Rs 232
Buy Union Bank with target of Rs 168 and stop-loss of Rs 154
Avinnash Gorakssakar, Head Research of Joindre Capital Services
Buy Finolex Industries with target of Rs 650
Buy GNFC with target of Rs 350-360
Buy Tiger Logistics with target of Rs 260-270
Buy Godrej Consumer with target of Rs 1,825 and stop-loss of Rs 1,710
Buy Marico with target of Rs 324 and stop-loss of Rs 306
Disclaimer: Investors are advised to make their own assessment before acting on the information.