FAST MONEY: Markets to open higher; key buy and sell ideas for today's trade
![FAST MONEY: Markets to open higher; key buy and sell ideas for today's trade FAST MONEY: Markets to open higher; key buy and sell ideas for today's trade](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2018/02/14/29661-bse-reuters.jpg?itok=20kuvWpb&c=139d1c2c180946d26952d6df610afa1f)
The domestic market is expected to open higher even as Asian markets were trading mixed on Wednesday as investor nerves were strained ahead of a US inflation report that could soothe, or inflame, fears of faster rate hikes globally.
At 8:30 am, SGX was trading at 10,548, up 83 points or 0.79 per cent.
Back home, banking stocks will remain in focus after Reserve Bank of India (RBI) revised guidelines to fight with the bad loans in banks.
The revised framework has specified norms for "early identification" of stressed assets, timelines for implementation of resolution plans, and a penalty on banks for failing to adhere to the prescribed timelines.
The latest notification issued by RBI last night has also withdrawn the existing mechanism which included Corporate Debt Restructuring Scheme, Strategic Debt Restructuring Scheme (SDR) and Scheme for Sustainable Structuring of Stressed Assets (S4A).
Below are the key buy and sell ideas for Wednesday's trade:
Archies (Buy)
Target: Rs 43
Stoploss: Rs 41.1
- Product demand surges in February
- Sales of gifts, photo frames, and flowers will increase
Titan (Buy)
Target: Rs 824
Stoploss: Rs 800
- Pullback on the stock going on for last four days
- Gold prices have gone up due to weakness in dollar
Granules (Buy)
Target: Rs 128
Stoploss: Rs 120
- Buying in midcap pharma stocks
- Strong support at 100-DEMA on half-hourly chart
Jai Corp (Buy)
Target: Rs 177
Stoploss: Rs 166
- Buying in the stock for last four days
- Volumes going up for last three days
Walchandnagar (Buy)
Target: Rs 215
Stoploss: Rs 203
- Stock on a buying spree for last four days
- PM Modi will lay foundation stone for Navi Mumbai Airport
Essar Shipping (Buy)
Target: Rs 28
Stoploss: Rs 26.5
- Essar Steel bid for Arcelor Mittal
- Arcelor Mittal proposed industrial plan
- Numetal Mauritius along with VTB bid for the company too
- Final decision to be taken post legal scrutiny
Gayatri Projects (Buy)
Target: Rs 225
Stoploss: Rs 207
- Circuit filters have been revised
- Upper circuit fixed at 20 per cent
Idea (Buy)
Target: Rs 88
Stoploss: Rs 83
- Accumulated Rs 3250 crore by issuing shares to promoter group firms
- Board meeting due later in the day
Shivam Auto (Buy)
Target: Rs 89
Stoploss: Rs 82
- Buying in auto ancillary stocks
- Robust December quarter earnings expected
(Stocks mentioned here are for informational purpose. Please consult your financial advisors before investing.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/markets/stocks/photo-gallery-this-tata-group-stock-turned-every-rs-10000-of-investment-into-rs-11300-in-just-a-week-investors-richer-by-42722-crore-rupees-any-guesses-share-market-news-304023](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307143-tradingpexels.jpg?itok=rw4R7EfH)
A Tata group stock just turned every Rs 10,000 of investment into Rs 11,300 in just a week, investors richer by Rs 42,722 crore; any guesses?
![https://www.zeebiz.com/markets/stocks/photo-gallery-large-cap-midcap-stocks-shares-to-buy-for-long-term-check-out-targets-nifty-sensex-303617](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/25/306716-stockks.jpg?itok=KJTrFUIK)
Stocks to buy for long term: Analysts suggest buying these 5 largecap, 4 midcap scrips; check out targets
![https://www.zeebiz.com/personal-finance/photo-gallery-nps-retirement-planning-budget-2024-nirmala-sitharaman-announcement-how-nps-rulebook-change-can-increase-corpus-income-and-monthly-pension-by-40-compound-return-303984](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307102-indian-currency-pixabay-take.jpg?itok=kN21EW-9)
How your NPS retirement corpus and monthly pension can jump by 40% after this rule change; get details
![https://www.zeebiz.com/personal-finance/photo-gallery-senior-citizen-savings-scheme-scss-2024-interest-rate-calculator-post-office-how-to-get-inr-rs-50000-interest-retirement-planning-guaranteed-return-maturity-amount-small-savings-303930](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/07/26/307042-fd-interest-file.jpg?itok=45ZbBRWM)
How much investment do you need in this senior citizen scheme to get Rs 50,000 quarterly interest? Know here
09:19 AM IST