Indian stock benchmarks began Friday’s session deep in the red tracking global markets, as a new variant of COVID-19 scares investors. The Sensex index fell over 800 points in early trades to below 58,000, and the broader benchmark Nifty50 slipped below 17,350, losing nearly 250 points from its close former.
Stocks in other Asian markets fell on a new variant of the virus which added to concerns about growth and interest rates going forward. The largest MSCI index of Asia-Pacific stocks outside of Japan was down 0.8% in the early hours.
Japan’s Nikkei 225 index fell 2.3%. China’s Shanghai Composite fell 0.4%, South Korea’s KOSPI 0.8%, Hong Kong’s Hang Seng 1.7%, and Singapore’s Straits Times 1.1%.
S&P 500 futures were down 0.6% in Asian trading on Friday. Wall Street remained closed Thursday for the Thanksgiving holiday.
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:
Shrikant Chouhan of Kotak Securities
We should definitely be looking to create short positions on IndiGo based on the specific news feed. Even though it opens around the Rs 2,030 to 2,040 levels, you should be looking to create short positions as the next base level or support level for the stock is around Rs 1,900. So IndiGo is shorts at current levels.
Sell Asian paintings with a stop loss of Rs 3,180 and on the downside Rs 3,000 or maybe Rs 2,950 is more visible.
Mitessh Thakkar from miteshthakkar.com
Sell Hindustan Unilever with a stop loss of Rs 2,370 for targets of Rs 2,310
Sell Container Corporation of India with a stop loss of Rs 640 for targets of Rs 585
Sell persistent systems with a stop loss of Rs 4,100 for targets of Rs 3,950
Buy ONGC with a stop loss of Rs 151 for targets of Rs 160
Disclaimer: CNBCTV18.com advises users to check with certified experts before making any investment decision.
(Edited by : Sandeep Singh)