The Indian markets are likely to open on a cautious note following losses in global peers on escalating worries over the economic impact of coronavirus outbreak that prompted the US Federal Reserve to announce an emergency rate cut. Among brokerages, MS maintains an 'overweight' call on Reliance, while CS maintains 'neutral' call on Sun Pharma. Here are the top brokerage calls for today:
MS on Reliance: The brokerage maintains an 'overweight' call on the stock with target raised to Rs 1,753 per share.
CS on Sun Pharma: The brokerage maintains a 'neutral' call on the stock with target raised to Rs 450 per share.
JP Morgan on RBI: The brokerage believes that RBI will cut policy rates by 25-40 basis points at or before the April policy.
CLSA on PVR: The brokerage maintains a 'buy' call on the stock with the target price raised to Rs 2,350 per share.
Jefferies on Pharma: The brokerage believes there will be shortage across pdts if supplies do not normalise by April.
Macquarie on Pharma: The brokerage believes Sandoz's payment can serve as benchmark for other pharma companies. Indian generic companies may also opt for a settlement, it adds.