India’s Sensex and Nifty50 stock indices are expected to start Wednesday’s session on a positive note despite weakness in other Asian markets. As of 8:52 a.m., Nifty futures traded on the Singapore Stock Exchange – an early indicator of the Nifty50 index – were up 76 points or 0.4% to 17,625..
Stocks in other Asian markets were significantly lower. The largest MSCI index of Asia-Pacific stocks outside of Japan was flat in the early hours after a mixed session on Wall Street. Japan’s Nikkei 225 fell 1.1%, China’s Shanghai Composite fell 0.1%, Hong Kong’s Hang Seng fell 0.2%, South Korea’s KOSPI fell 0.4%, and the Straits Times of Singapore by 0.3%.
S&P 500 futures were down 0.1% in Asian trade on Wednesday. Overnight on Wall Street, the S&P 500 and Dow Jones rose 0.2% and 0.6% respectively, but the tech-rich Nasdaq Composite fell 0.5%.
Rising Treasury yields weighed on major tech stocks, and gains in banks and energy stocks supported the S&P 500 and Dow Jones.
CNBC-TV18’s internal expert panel has selected a list of stocks that investors can buy / sell in trade today. Here are the main buy-sell calls from market experts:
Sudarshan Sukhani from s2analytics.com
Buy Oberoi Realty with a stop loss at Rs 870
Buy NMDC with a stop loss at Rs 134
Buy IndiGo with a stop loss at Rs 2,100
Mitessh Thakkar from miteshthakkar.com
Buy Bharti Airtel for a target of Rs 780 with a stop loss at Rs 749
Buy Birlasoft for a target of Rs 520 with a stop loss at Rs 490
Buy PowerGrid for a target of Rs 209 with a stop loss at Rs 198
First publication: STI