Bears maintained their stronghold on the markets for the sixth consecutive week that ended on March 27. It made some recovery after the Rs 1.7 lakh crore welfare package announced by the Finance Ministry and the Rs 3.7 lakh crore liquidity stimulus package from the Reserve Bank of India (RBI) soothed sentiment.
However, benchmark indices underperformed their global peers as investors remained cautious over growth after a 21-day nationwide lockdown was announced earlier in the week to stop the spread of COVID-19.
While the BSE Sensex was down 100.37 points at 29,815.59, the Nifty50 dropped 85.20 points to 8,660.25. The carnage was much worse in the broader markets as the Nifty Midcap and Smallcap indices plunged 7-8 percent.
In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:
Ashwani Gujral of ashwanigujral.com
Sell Bajaj Finance with a stop loss of Rs 2,600, target of Rs 2,450
Sell Maruti Suzuki with a stop loss of Rs 4,700, target of Rs 4,550
Buy Aurobindo Pharma with a stop loss of Rs 385, target of Rs 405
Buy Cipla with a stop loss of Rs 400, target of Rs 425
Buy Jubilant FoodWorks with a stop loss of Rs 1,400, target of Rs 1,455
Sudarshan Sukhani of s2analytics.com
Buy Bharti Airtel with a stop loss of Rs 440, target at Rs 465
Buy Cipla with a stop loss of Rs 400, target at Rs 415
Sell Page Industries with a stop loss of Rs 17,800, target at Rs 16,800
Sell CESC with a stop loss of Rs 396, target at Rs 381
Mitessh Thakkar of mitesshthakkar.com
Sell GAIL with a stop loss of Rs 71, target at Rs 65
Buy Cipla with a stop loss of Rs 400, target at Rs 422
Sell Siemens with a stop loss of Rs 1,060, target at Rs 1,025
Sell Adani Enterprises with a stop loss of Rs 133.5, target at Rs 123
Disclaimer: The views and investment tips expressed by investment experts are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
