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‘BUY’ or ‘SELL’ ideas from experts for Monday, 2 January 2017

The BSE Sensex and NSE Nifty are likely to open on a flat note with negative bias on Monday following Nifty futures on the Singapore Stock Exchange
(SGX Nifty).

SGX Nifty was trading 6.50 points, or 0.08 per cent, down at 8,178 in morning trade, indicating a soft start for domestic benchmark index NSE Nifty.

The 30-share Sensex advanced over 260 points to close at over a fresh two-week high of 26,626 on the last day of 2016 following firm Asian cues. The 50-share Nifty index climbed 82.20 points, or 1.01 per cent, to end at 8,185.80 on Friday.

On Wall Street, the US stocks plunge on Friday, led down by Apple and other big tech stocks, but major indexes still posted solid gains in 2016. The Dow Jones Industrial Average shed 56.98 points, or 0.29 per cent, to 19,762.8, the S&P 500 declined 10.39 points, or 0.46 per cent, to 2,238.87 and the Nasdaq Composite shed 48.97 points, or 0.9 per cent, to 5,383.12.

ET Now spoke to various experts and here’s what they have to recommend for today’s trade:

Tata Chemicals
India Cements
BPCL
Tata Motors
Adani Enterprises
Exide Industries

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