Indian shares opened lower on Friday tracking weakness across global shares. The BSE benchmark Sensex fell as much as 60 points while the Nifty index shed around 20 points to 9,653. Except pharma and realty, all other sectoral indices were in red. Among Nifty stocks, Lupin was the top gainer, up 3.48 per cent followed by Dr Reddy’s Lab, Auro Pharma, Cipla and Sun Pharma, which rose between 1-2 per cent. Meanwhile, other Asian shares traded lower tracking overnight fall in US stock indices. Below are some trading ideas from market experts.
Lovelesh Sharma of Epic Research
Buy Bhel for Target a target of Rs. 148 with stop loss at Rs. 131
Sell Sun Pharma for a target of Rs. 523 with stop loss at Rs. 560
Simi Bhaumik, Research Analyst
Buy Indiabulls Housing Finance for a target of Rs. 1,115 with stop loss at Rs. 1,070
Buy Maharashtra Seamless for a target of Rs. 440 with stop loss at Rs. 410
Buy Motherson Sumi Systems for a target of Rs. 321 with stop loss at Rs. 309