The stock markets are headed for an expiry this week with the impending elections in the US. Europe seeing a resurgence in the new coronavirus infections. With crude oil prices hovering around USD 35 per barrel and bond yield at 5.83 per cent now, India is in the sweetest spot, IIFL Director Sanjiv Bhasin told Zee Business Managing Editor Anil Singhvi. 

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The investors should not be too worried about the current situation, he said recommending to investors to look for buying opportunities.

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There is a lot of momentum in the market towards buying, he further said. The investors should look out for good shares as this time may not come back anytime soon, he warned. The Nifty is headed for new highs by Diwali, he reiterated. All the uncertainties around US elections, coronavirus and volatility will be priced in over the next 20 days, he said. 

On his Monday stock recommendations, Bhasin said that Kotak Bank has achieved its target price. Investors can also book profit in HDFC Life and NTPC.    

His Tuesday recommendations were two buy calls. Both the stocks are from the cement sector. 

Top Stocks to Buy: ACC  

His first buying pick was ACC. This stock should be bought around Rs 1625. He puts the stop loss at Rs 1590 while the target price at Rs 1685.  

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Top Stocks to Buy: Ambuja Cement  

The Director picked Ambuja Cement as another top stock. This stock should be bought around Rs 247. He puts the stop loss at Rs 243 while the target price at Rs 258-260. The steel prices are on the rise and this sector is seeing a great run, he added.