‘BUY’ or ‘SELL’ ideas from experts for Thursday, 2 February 2017
The BSE Sensex and NSE Nifty are likely to open lower on Thursday following mixed global cues.
SGX Nifty was trading 36.50 points, or 0.42 per cent, down at 8702.50 in morning trade around 8.20 am (IST), indicating a weak start for NSE Nifty index.
On Wall Street, the S&P 500 inched higher (up 0.03 per cent) on Wednesday to snap a four-day losing streak, supported by gains in Apple shares and after the Federal Reserve kept the US interest rates unchanged, as expected. Dow Jones Industrial Average index and Nasdaq Composite closed higher by 0.14 per
cent and 0.50 per cent, respectively.
Back home, the Union Budget 2017-18 got thumbs up from investors as the Sensex on Wednesday leaped close to 486 points to close at an over 3-month high of 28,142, with financial and realty stocks powering the momentum.
ET Now spoke to various experts and here’s what they have to recommend for today’s trade:
Independent market expert
HDILBSE -2.72 % is a ‘Buy’ call with a target of Rs 74 and a stop loss of Rs 63
Hero MotoCorpBSE -0.58 % is a ‘Buy’ call with a target of Rs 3400 and a stop loss of Rs 3220
Independent market analyst
Eicher MotorsBSE -0.23 % is a ‘Buy’ call with a target of Rs 24850 and a stop loss of Rs 23650
ManappuramBSE 1.97 % Fin is a ‘Buy’ call with a target of Rs 92 and a stop loss of Rs 80.