Indian equity benchmarks are likely to make a positive start on Thursday despite a mixed trend across global markets after Fed minutes showed policymakers are in favour of faster rate hikes to tame inflation. Concerns about the Russia-Ukraine conflict eased. At 8:56 am, Singapore Exchange (SGX) Nifty futures were up 68 points or 0.4 percent at 17,385.5.
Equities in other Asian markets were mixed mixed note after the release of minutes of the last Fed policy review. Investors also remained cautious on news updates about the Ukraine-Russia conflict. MSCI's broadest index of Asia Pacific shares outside Japan was up 0.3 percent percent.
Japan's Nikkei 225 was down 0.3 percent, China's Shanghai Composite down 0.2 percent and Hong Kong's Hang Seng down 0.1 percent. South Korea's KOSPI was up 1.3 percent and Singapore's Straits Times up 0.4 percent.
S&P 500 futures were down 0.1 percent.
On Wednesday, the S&P 500 rose 0.1 percent but the Dow Jones declined 0.2 percent and the Nasdaq Composite 0.1 percent.
CNBC-TV18’s in-house panel of experts has picked a list of stocks for investors to buy/sell in trade today. Here are the top buy-sell calls by market experts:
Mitessh Thakkar of earningwaves.com
Buy Coromandel Fertiliser for a target of Rs 822 with a stop loss at Rs 791
Buy IOC for a target of Rs 128 with a stop loss at Rs 119
Sell LTTS for a target of Rs 4,300 with a stop loss at Rs 4,460
Sell PowerGrid for a target of Rs 187 with a stop loss at Rs 200
Shrikant Chouhan of Kotak Securities
Buy Titan for a target of Rs 2,550-2,575 with a stop loss at Rs 2,450
Buy M&M for a target of Rs 885-890 with a stop loss at Rs 855