‘BUY’ or ‘SELL’ ideas from experts for Tuesday, 3 January 2017
The BSE Sensex and NSE Nifty are likely to open on a flat note with positive bias on Tuesday following Nifty futures on the Singapore Stock Exchange
(SGX Nifty) and firm Asian cues.
SGX Nifty was trading 17 points, or 0.21 per cent, up at 8,201 in morning trade, indicating a positive start for domestic benchmark index NSE Nifty. Asian peers Hang Seng and Shanghai indices were trading higher by 0.53 per cent and 0.89 per cent, respectively, in morning trade.
In a listless trading, the 30-share Sensex closed with a marginal fall of over 31 points at 26,595 on Monday as banking stocks felt the heat due to worries that the lending rate cuts will hit their bottom line.
The US dollar recovered from a two-week low against a basket of six major currencies on Monday, though trade was thin with many markets closed for the New Year holiday.
ET Now spoke to various experts and here’s what they have to recommend for today’s trade
Bank of Baroda