BPCL which gained 3.28 percent followed by HPCL were the top Nifty gainers while Indiabulls Housing Finance, Power Grid, HCL Tech and HDFC were the top Nifty losers.
Sudarshan Sukhani of s2analytics.com is of the view that one can avoid HDFC Bank and can sell Capital First, Fortis Healthcare and Siemens and can buy Ambuja Cements and Bajaj Auto.
Ashwani Gujral of ashwanigujral.com recommends buying HDFC Bank, Indiabulls Housing Finance and Adani Enterprises.
The fall was largely aided by Reliance Industries which was down 0.68 percent. IndusInd Bank was the top Nifty loser down over 2 percent while Godrej Agrovet was the most active stock.
Hemant Thukral of Aditya Birla Money suggests buying Escorts and Karnataka Bank while Reliance Industries is likely to remain range bound.
Bharti Infratel continued its dominant form from last week as the stock was the most active gainer in the Nifty, gaining over 2.47 percent followed by Vedanta and Tata Motors which were up 2.12 percent and 1.71 percent respectively.
Chandan Taparia of Motilal Oswal Securities recommends buying HDFC Bank and National Aluminium Company and has a positive view on Hindustan Unilever.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Dabur India, Jindal Steel & Power, National Aluminium Company and Tata Consultancy Services and can sell Bank of Baroda.
Reliance Industries and Tata Steel hit new 52-week high while Bharti Airtel zoomed over 6 percent. Avenue Supermarts, Bharat Financial Inclusion, Dabur India, Havells India and JSPL were the other stocks which hit 52-week high in the Nifty.
Ashwani Gujral of ashwanigujral.com recommends buying Edelweiss Financial Services, Jindal Steel & Power, Sundram Fasteners, Hindalco Industries and Havells India.
On the BSE Index, over 100 stocks hit fresh 52-week high including names like Bata India, TVS Motor Company, Dabur India, Deepak Fertilizers, Kolte Patil Developers and Chambal Fertilizers.
Nifty added on to its morning gains on Thursday with the index inching up 47.45 points at 10,032.80 while the Sensex added 132.86 points at 31,966. Vedanta, Lupin, Sun Pharma along with TCS were some of the top gainers in the Nifty.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries, Indraprastha Gas, HDFC Bank and Avanti Feeds.
Ashwani Gujral of ashwanigujral.com advises buying Jubilant Foodworks, Future Consumer, Tata Chemicals and Raymond.
Tata Motors, HDFC and Cadila Health, among others, are being tracked by analysts on Thursday.
Ahead of the The Researve Bank of India's monetary policy meeet, interest rate sensitive stocks including the likes of real Estate, NBFCs and auto stocks were trading in the green while banking stocks were mixed with SBI trading positive and ICICI Bank, HDFC Bank and Axis Bank in the red.
Moneycontrol attempts to identify stocks that wise investors should use to duck and weave through this particular storm.
According to Ashwani Gujral of ashwanigujral.com, one may buy Adani Transmission.
The bad has been done or negligible is being left, one should start accumulating good quality and cheap valuations steps available in the market, says Dyaneshwar Padwal – AVP – Technical Analysis, KIFS Trade Capital to Moneycontrol.
Ashwani Gujral of ashwanigujral.com advises selling Bata and Godrej Consumer.
Prakash Gaba of prakashgaba.com is of the view that one may short DHFL and HDFC Bank.
Sudarshan Sukhani of s2analytics.com is of the view that one may hold LIC Housing Finance.
Ashwani Gujral of ashwanigujral.com recommends buying Bharat Forge, Max Financial and Tata Chemicals.
According to Rahul Shah of Motilal Oswal, one can buy HDFC Bank, Infosys and Capital First.
Ashwani Gujral of ashwanigujral.com recommends buying HDFC Bank, Edelweiss Financial Services and L&T Finance Holdings.