Indian markets recouped losses and closed with sharp gains on Monday and the trend is likely to remain on the upside on Tuesday as well.

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The Nifty50 could well surpass 17100 levels, but there will be stock-specific action in which global brokerage firms tweaked their rating or target price.

We have collated a list of recommendations from various global brokerage firms according to a Zee Business TV report:

RBL Bank: Target Rs 250

Citigroup maintained its buy rating on RBL Bank with a target price of Rs 250 that translates into an upside of 77 per cent from Rs 141 recorded on 27 December.

The Board and CEO changes could lead to near-term volatility, but the global investment bank expects stocks to remain volatile till one gets some clarity.

The management of the bank remains confident in improving its business outlook. It will continue to make steady progress towards its stated goals.

Nomura on Logistics Sector:

Aegis Logistics: Buy| Target Rs 422

Nomura maintained its buy rating on Aegis Logistics with a target price of Rs 422 that translates into an upside of 98 per cent from Rs 212 recorded on 27 December.

Container Corp: Buy| Target Rs 856

Nomura maintained its buy rating on Container Corp with a target price of Rs 856 that translates into an upside of over 40 per cent from Rs 608 recorded on 27 December.

Gujarat Pipavav Port: Buy| Target Rs 165

Nomura maintained its buy rating on Gujarat Pipavav Port for a target of Rs 165 which translates into an upside of 75 per cent from Rs 94 recorded on 27 December.

Adani Port: Buy| Target Rs 880

Nomura maintained its buy rating on Adani Port for a target of Rs 880 which translates into an upside of 21 per cent from Rs 723 recorded on 27 December.

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)