FAST MONEY: Redington (India), Inox Leisure among top buy calls for today's trade

The Sensex and Nifty are expected to open higher on Friday as Reserve Bank of India (RBI)'s neutral policy stance along with 25 bps rate hike relieved investors, while positive cues from Asian markets which rose to 2 1/2-month high will also support the indices.

At 7:45 am, SGX Nifty was trading at 10,744.50, up 49.50 points or 0.46 per cent.

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.2 per cent to extend its gains, hitting a 2-1/2 month high for a second straight day.Japan's Nikkei average rose 0.7 percent to 22790.68 in early trade.

On Thursday, the benchmark indices had snapped their three-day losing streak after RBI hiked the repo rate by 25 basis points for first time since 2014 to keep inflation under check.

Here are key intraday trading tips:

Redington (India) (Buy)

Target: Rs 120
Stoploss: Rs 114

Apple India calling off distribution deal with HCL Info
The deal will be over with effect from Match 31, 2019

Inox Leisure (Buy)

Target: Rs 276
Stoploss: Rs 270

Rajanikant movies Kala to be released today
Collections to go up today

GMR Infra (Buy)

Target: Rs 17.2
Stoploss: Rs 16

Promoters bought 1.53 crore shares
Promoters bought 0.25 per cent stake between June 4-6 
Promoters' stake now 47.94 per cent from 47.69 per cent earlier

WATCH VIDEO: These 20 shares will help you earn more today, June 7th, 2018

M&M Financial (Buy)

Target: Rs 482
Stoploss: Rs 474

NBFC stocks rallied post RBI policy
Momentum to continue

KEC International (Buy)

Target: Rs 345
Stoploss: Rs 332

Strong recovery from lower levels
Cholamandalam Securities has buy rating with Rs 437 target price

(Stocks mentioned here are for informational purpose. Consult your financial advisor before investing.)