Sudarshan Sukhani of s2analytics.com recommends buying Bata India with stop loss at Rs 1660 and target of Rs 1750 and Wipro with stop loss at Rs 246 and target of Rs 259.
Indian equity benchmarks closed at fresh all-time highs for the fourth consecutive day on December 20.
The gains, however, were nominal as the Sensex climbed only 8 points to 41,681.54 while the Nifty rose 12 points to close at 12,271.80.Market sentiment also got a boost from the RBI’s decision to conduct a special open market operation (OMO) to bring down long-term yields. This was cheered by the market with gains in banking stocks. However, the concerns over the weakness in the economy prevailed, triggering profit-taking by investors, after Fitch Ratings cut India's GDP growth forecast for FY20 to 4.6 percent.
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