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Trading Calls: Buy HDFC Bank, Bank Of Baroda, Says Expert

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.1 per cent firmer at 549.71 points, not far from a 10-year high of 554.63 set last week.
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The Sensex closed 116.76 points or 0.36% higher on Monday (Representational image)
The Sensex closed 116.76 points or 0.36% higher on Monday (Representational image)
Indian stocks started Tuesday's session on a positive note, with BSE benchmark index Sensex gaining more than 150 points and the Nifty rising above 10,200. The Sensex added 163.65 points to 32,670.37 while the NSE benchmark Nifty rose 52.9 points to 10,237.75 at its day's high. Asian shares held within a striking distance of recent decade highs on Tuesday. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.1 per cent firmer at 549.71 points, not far from a 10-year high of 554.63 set last week. Australian shares also edged higher and back towards a five-and-a-half-month peak touched on Monday, while Japan's Nikkei fell 0.2 per cent from a 21-year high. Investors were closely watching China and the 19th Communist Party Congress, which winds up on Tuesday and at which President Xi Jinping is expected to release the composition of the Standing Committee - the apex of power in the country. In the United States, the Dow Jones Industrial Average fell 0.23 per cent, the S&P 500 lost 0.40 per cent and the Nasdaq Composite slipped 0.64 per cent. European STOXX 600 shares rose 0.16 per cent, although Madrid's bourse IBEX shed 0.6 per cent as Spain's crisis entered another week.

Market expert Lovelesh Sharma shared his trading calls:

Buy Infosys for a target price of Rs 980 with stop loss at Rs 920

Buy Bank of Baroda for a target price of Rs 152 with stop loss at Rs 132

Buy HDFC Bank for a target price of Rs 1,960 with stop loss at Rs 1,820

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

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