Trade deficit data boosts Sensex; what traders should ‘buy’ or ‘sell’

NEW DELHI: NEW DELHI: The S&P BSE Sensex recouped all its morning losses of over 100 points in afternoon trade on Wednesday and turned positive, led by gains in Sun Pharma, Reliance Industries and HDFC Bank Ltd.

Sensex picked up momentum after September trade deficit data came lower than expected. Trade deficit for September came at $6.76 bn as compared to $10.9 bn in August. On a YoY basis, trade deficit came at $80.12 bn as compared to $91.82 bn reported in the previous quarter last year.

According to analysts, the market is likely to remain rangebound in the near term on concerns over the impact of the government shutdown in the US. Second quarter results are also likely to remain subdued due to lack of demand in tough economic environment.

At 12:00 p.m.; the 50-share index was at 5,960.40, up 32 points or 0.55 per cent. The index touched intraday high of 5,967.40 and a low of 5,877.10.

The S&P BSE Sensex was at 20,086.67, up 102 points or 0.51 per cent. It touched a high of 20,101.16 and a low of 19,826.96 in trade today.

ET Now spoke to various experts for their top 20 ideas for today:

Ashwani Gujral of ashwanigujral.com

Sun TV Ltd is a ‘BUY’ call with a target of Rs 452 and a stop loss of Rs 430

Aurobindo Pharma Ltd is a ‘BUY’ call with a target of Rs 215 and a stop loss of Rs 200

Lupin Ltd is a ‘BUY’ call with a target of Rs 930 and a stop loss of Rs 895

Bharti Airtel Ltd is a ‘SELL’ call with a target of Rs 305 and a stop loss of Rs 330

Mitesh Thacker of miteshthacker.com

Lupin Ltd is a ‘BUY’ call with a target of Rs 940 and a stop loss of Rs 889

NTPC Ltd is a ‘SELL’ call with a target of Rs 136 and a stop loss of Rs 145

Tata Motors Ltd is a ‘BUY’ call with a target of Rs 368 and a stop loss of Rs 349

State Bank of India is a ‘SELL’ call with a target of Rs 1540 and a stop loss of Rs 1601

Prakash Gaba, CFT, prakashgaba.com

Adani Enterprises Ltd is a ‘BUY’ call with a target of Rs 165 and a stop loss of Rs 152

HCC Ltd is a ‘BUY’ call with a target of Rs 14 and a stop loss of Rs 11.30

NTPC Ltd is a ‘SELL’ call with a target of Rs 138 and a stop loss of Rs 144

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services

Lupin Ltd is a ‘BUY’ call with a target of Rs 935 and a stop loss of Rs 903

Reliance Comm Ltd is a ‘BUY’ call with a target of Rs 158 and a stop loss of Rs 151.50

ACC Ltd is a ‘SELL’ call with a target of Rs 1089 and a stop loss of Rs 1122

Hemen Kapadia,VP, KR Choksey Shares and Securities

Asian Paints Ltd is a ‘SELL’ call with a target of Rs 450 and a stop loss of Rs 465

ACC Ltd is a ‘SELL’ call with a target of Rs 1113 and a stop loss of Rs 1134

Century Textiles Ltd is a ‘BUY’ call with a target of Rs 271 and a stop loss of Rs 262

Abhishek Karande, CMT, Technical Analyst - Institution Research, SBICAP Securities

Tata Global Beverages Ltd is a ‘BUY’ call with a target of Rs 163 and a stop loss of Rs 152

Divi’s Laboratories Ltd is a ‘BUY’ call with a target of Rs 1090 and a stop loss of Rs 1028

HDFC Ltd is a ‘BUY’ call with a target of Rs 825 and a stop loss of Rs 779



(The views and recommendations expressed in this section are the analysts' own and do not represent those of EconomicTimes.com. Please consult your financial advisor before taking any position in the stocks mentioned.)