Today, we expect the broader indices to continue moving up. Positive global cues and sharp drop in crude oil prices could lead to a gap-up opening today. On Tuesday, Fed kept federal funds rate unchanged at 2% and signaled no increase in rates anytime soon, lifting the US markets to a day’s high. We advise investors to look for opportunity in large-cap stocks, rather than taking positions in recently battered mid-cap stocks.
Stocks to watch out: PFC, Tata Motors and BPCL.
