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Trading Calls: Buy Bajaj Auto, L&T, SAIL, Says Expert

Indian markets are likely to start Monday's session on a flat note, with the SGX Nifty on the Singapore Exchange trading 9 points lower at 10,333.
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Indian markets are likely to start Monday's session on a flat note
Indian markets are likely to start Monday's session on a flat note
Indian markets are likely to start Monday's session on a flat note, with the SGX Nifty on the Singapore Exchange trading 9 points lower at 10,333. On Friday, the GST Council, headed by Finance Minister Arun Jaitley, slashed tax rates on more than 200 items - including beauty products, chewing gums, chocolates, coffee and custard powder - from 28 per cent to 18 per cent. The Council also made changes to the composition scheme. The panel decided that taxpayers with an annual aggregate turnover up to Rs. 1.5 crore need to file return using form GSTR-1 on a quarterly basis, while taxpayers with a turnover of above Rs. 1.5 crore need to file it on a monthly basis.

On Friday, the NSE Nifty closed 0.12 per cent higher at 10,321.75 while the benchmark BSE Sensex settled up 0.19 per cent at 33,314.56. The Nifty ended 1.3 per cent lower for the week, while the Sensex lost 1.1 per cent.

Research analyst Simi Bhaumik shared her top trading picks:

Buy Bajaj Auto for a target price of Rs 3,293 with stop loss at Rs 3,235

Buy L&T for a target price of Rs 1,295 with stop loss at Rs 1,240

Buy SAIL for a target price of Rs 84.50-85 with stop loss at Rs 79.50

Disclaimer: Investors are advised to make their own assessment before acting on the information.

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