Indian shares edged higher on Wednesday with the Sensex gaining nearly 100 points and the broader Nifty index trading above 9,800. Gains were led by energy, realty and infra shares – up between 0.6 and 1.2 per cent in morning deals. Indian Oil, Reliance Industries, Hindustan Unilever, Ambuja Cements and ONGC were among top Nifty gainers. Domestic shares also took positive cues from the other Asian share markets, which gained ahead of Federal Reserve Chair Janet Yellen’s comments. MSCI’s broadest index of Asia-Pacific shares outside Japan ticked up 0.4 per cent. Japan’s Nikkei slid 0.3 per cent on the yen’s gains but MSCI’s dollar-denominated Japan index gained 0.4 per cent.
Simi Bhaumik, research analyst, shared her top trading picks:
Buy BPCL at dips for a target price of Rs. 695-700 with stop loss at Rs. 668
Buy Tata Global Beverages at dips for a target price of Rs. 177 with stop loss at Rs. 165.50