D-Street awaiting cues from RBI policy, OPEC meet and state elections’ results

Investors are taking a risk-averse approach due to the corporate governance issue being faced in the banking & NBFC sector

Equity markets are likely to remain range bound before the upcoming events in the coming few weeks, as the traders/investors are waiting for the outcome of upcoming important events such as RBI monetary policy meet, OPEC meeting during the next week and the state election results in the week after.

The markets have got some respite after RBI’s steps to inject liquidity through open market operations. This has lead to the 10-year bond yields fall to ~7.65 percent from the highs of ~8.20 percent. However, the investors are taking a risk-averse approach due to the corporate governance issue being faced in the banking and NBFC sector.

This week the auto companies will be releasing sales data for the month of November – investors are awaiting these numbers as these will include festive sales data.

Share Market Tips and recommendations Follow Market Captains .

Some of the stocks that we like are:

Aditya Birla Fashion & Retail | Rating: Buy | Target: Rs 239

The company posted a sharp H1FY19 turnaround with profit of Rs. 48.3 crore versus Rs. 30.3 crore net loss a year ago in H1FY18 due to management initiatives across its various divisions in.

L&T Technology Services | Rating: Buy | Target: Rs 1,940

The company provides design and development solutions to clients across the entire value chain of product development.

Aarti Industries | Rating: Buy | Target: Rs 1,600

One of the global leaders in benzene-based chemistry through its process chemistry and scale-up engineering competencies, Aarti Industries’ revenue and profit are expected to grow at 20 percent and 22 percent CAGRs over FY18-21, driven by scale-ups in its specialty chemical and pharmaceutical businesses and the new toluene capacity.