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‘BUY’ or ‘SELL’ ideas from experts for Thursday, 29 December 2016

The BSE Sensex and NSE Nifty are likely to open lower on Thursday following weak global cues. Nifty futures on the Singapore Stock Exchange (SGX Nifty) was also trading 30 points, or 0.37 per cent, down at 8,008 in morning trade, indicating a weak start for NSE Nifty index.

Asian peers Hang Seng, Nikkei and Shanghai indices were down by 0.27 per cent, 1.06 per cent and 0.27 per cent, respectively. On Wall Street, The Dow Jones Industrial Average Index, S&P 500 and Nasdaq Composite index slipped 0.56 per cent, 0.84 per cent and 0.89 per cent, respectively, on Wednesday.

Back home, heavy profit booking in the last hour of Wednesday’s session wiped out the day’s gains, which made the benchmark indices to end the day flat. The 30-share Sensex touched a high and low of 26,415 and 26,191, respectively, in intraday trade before wrapping the day at 26,210, down 2.76 points, or 0.01 per cent.

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

Bata India
M&M Financial Services
Canara Bank
CESC
Mindtree
Bajaj Finserv

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