The disruptive impact of GST is visible but corporate honchos are hopeful of a rural recovery and consumption revival during the festive season.
Here is a list of top 10 stocks to buy this Muhurat Trading day for a potential upside of up to 48% in Samvat 2074.
Ashwani Gujral of ashwanigujral.com suggests buying Reliance Industries, Indraprastha Gas and Mahanagar Gas.
Sandeep Wagle of powermywealth.com recommends buying Torrent Pharma and Just Dial.
Prakash Gaba of prakashgaba.com is of the view that BEL can climb to Rs 178 while Reliance Industries may test Rs 930.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Century Textiles, IGL, Indiabulls Housing Finance, Mahanagar Gas, GMDC and Bata India.
Ashwani Gujral of ashwanigujral.com recommends buying HDFC Bank, Indiabulls Housing Finance and Adani Enterprises.
In an interview to CNBC-TV18's Anuj Singhal and Surabhi Upadhyay, SP Tulsian of sptulsian.com shared his views and outlook on the fundamentals of the market and specific stocks.
Sandeep Wagle of powermywealth.com suggests selling Reliance Power and Yes Bank.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Power Grid and Balrampur Chini and can sell Yes Bank.
In an interview to CNBC-TV18, Ashwani Gujral of ashwanigujral.com, Sudarshan Sukhani of s2analytics.com and Krish Subramanyam of Altamount Capital recommends which stocks to buy, sell or hold for good returns.
CNX Energy was the top performing sector which jumped 2.38 percent led by Reliance Industries while Power Grid and ONGC were the other top gainers.
Amit Gupta of ICICIdirect recommends buying
Sandeep Wagle of powermywealth.com recommends buying Hexaware Technologies and Reliance Capital.
Reliance Industries hit yet another 52-week high, gaining over 2.43 percent while Axis Bank tanked over 8 percent. The stocks which hit 52-week low on the NSE were Ybrant Digital, JITF Infralogistics, Shriram EPC, SE Power and Stampede Cap.
Ganesh Benzoplast is in focus after they reported a good set of Q2 numbers. In an interview to CNBC-TV18, Rishi Pilani, CMD of Ganesh Benzoplast spoke about the results and his outlook for the company.
in the long-term there will definitely be a positive impact on logistic companies, said Aneel Gambhir, CFO, Bluedart.
Axis Bank and Wipro, among others, are being tracked by investors on Wednesday.
The earning season is not one that we are expecting to be a big catalyst for the market either way, said Arvind Sanger, Managing Partner of Geosphere Capital Management in an interview to CNBC-TV18.
Keen on acquiring niche techno companies for our kind of offerings, said Vishnu R Dusad, MD & CEO, Nucleus Software.
From the Nifty50 index, the top losers were Axis Bank followed by ICICI Bank, Yes Bank and State Bank of India, each falling over 2 percent each.
Axis Bank reported a sharp rise in bad loans with slippages in the second quarter crossing Rs 8,900 crore. In an interview to CNBC-TV18, Jairam Sridharan, CFO of Axis Bank spoke about the results and his outlook for the bank.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy United Spirits, Apollo Tyres and Century Textiles and Industries and can sell Canara Bank and Cummins India.
Ashwani Gujral of ashwanigujral.com recommends buying Hitachi Home, Motilal Oswal, NBCC, Tata Chemicals and Petronet LNG.
Watch the interview of SP Tulsian of sptulsian.com with Latha Venkatesh, Surabhi Upadhyay, and Anuj Singhal on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.