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.
Axis Bank and Wipro, among others, are being tracked by investors on Wednesday.
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.
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.
Watch the interview of Ashwani Gujral, Sudarshan Sukhani, Prakash Gaba, Sandeep Wagle, SP Tulsian, and Amit Gupta with Latha Venkatesh, Anuj Singhal, and Surabhi Upadhyay on CNBC-TV18, in which they shared their readings and outlook on market technicals, fundamentals and F&O side of the market as well as specific stocks and sectors.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the crucial support for the Nifty is at 10150 and the resistance is at 10315-10537 while Bank Nifty has support at 25000 and resistance at 25534.
The increasing adoption of LEDs by the original manufacturers would offer great opportunities for Lumax as LEDs require technical expertise and Lumax gets desired support from Stanley.
News reports suggest projects of about 4500 MW could be awarded over the next four months, which is quite significant given market estimates of mere 1500 MW addition this year.
Sharmila Joshi of sharmilajoshi.com feels that Axis Bank may move to Rs 540.