indian markets are likely to start Friday’s session lower with the SGX Nifty on the Singapore Exchange trading down 45 points at 10,332. Shares in the other Asian markets slipped with the MSCI’s broadest index of Asia-Pacific shares outside Japan falling 0.1 per cent and Japan’s Nikkei losing 1.0 per cent. MSCI’s all-country equity index posted its first daily loss in more than two weeks on Thursday, ending its longest daily winning streak since 2003. Overnight, the S&P 500 on On Wall Street lost 0.38 per cent while the Nasdaq Composite dropped 0.58 per cent.
On Thursday, the NSE Nifty closed 5.80 points, or 0.05 per cent, higher at 10,308.95 and the BSE Sensex settled 32.12 points, or 0.1 per cent, higher at 33,250.93.
Market experts shared their top trading picks.
Simi Bhaumik, research analyst:
Buy Adani Ports for a target price of Rs. 442 with stop loss at Rs. 428
Buy Arvind for a target price of Rs. 445 with stop loss at Rs. 428
Lovelesh Sharma of Epic Research:
Buy Avenue Supermarts for a target price of Rs. 1,250 with stop loss at Rs. 1,090
Buy Reliance Industries for a target price of Rs. 940 with stop loss at Rs. 880