10 Stocks Investors Can Buy Next Week As Recommended By Top Brokers In India

Markets have been very volatile this week, with Friday seeing immense volatility. For next week, the markets would worry over the RBI policy rates and the MPC meeting remains important. Apart from this, global cues would also assume significance.

10 Stocks to buy as recommended by brokers this week

Name of company	Brokerage	Current market price	Target price
J Kumar Infra	Anand Rathi	Rs 254	Rs 311
Tata Motors	Motilal Oswal	Rs 432	Rs 485
Ultratech Cement	Emkay Global	Rs 5677	Rs 7300
Tech Mahindra	Anand Rathi	Rs 1149	Rs 1750
Star Health	Motilal Oswal	Rs 704	Rs 840
Ahluwalia Contracts	Anand Rathi	Rs 412	Rs 513
Himatsingka Seide Ltd	Sharekhan	Rs 120	NA
Oberoi Realty	Sharekhan	Rs 760	NA
City Union Bank	Anand rathi	Rs 143	180
HDFC Bank	Motilal Oswal	Rs 1379	1850

Quality stocks recommended by these top brokers

The list of stocks mentioned above, are taken from various brokerage reports. We suggest that investors do their own research before taking any decision. The only problem for investors in buying stocks right now is that interest rates are headed higher. There is a possibility that the Reserve Bank of India would hike interest rates once again next week. As interest rates move higher, investors could move their money from equity to debt. In any case, over the last 2-years, the Indian stock markets have given very good returns and returns maybe hard to come by now.

Markets witness selling pressure on every rise

Markets base is gradually shifting higher despite witnessing selling pressure at every rise. " On Friday, Nifty opened gap up and headed towards 16,800 zones. Although it closed lower it still managed to stay above the crucial support of 16,400 which should act as a strong base for the market now. Persistent worries on rising interest rates, elevated crude oil prices and liquidity tightening are however keeping the upside in check. Markets are likely to remain in a broader range as we continue to monitor global cues including geo-political developments, crude oil price movement as well as institutional flows. RBI's monetary policy meeting next week will be a key event that will be tracked by investors," Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

RBI Monetary Policy and FOMC meet to dictate market movement

The market on Friday closed in the red after an initial surge at opening, and continued to remain under pressure from overseas factors as well as domestic. "The local markets are waiting for the outcome of the RBI monetary policy, mid-week next week, and also the FOMC meeting by mid-June. The likelihood of rate action as well as liquidity reduction measures, it is feared might adversely affect economic growth which is already slowing down owing to high inflation and its consequences for consumption spending. The condition is further accentuated by the fact that oil prices are trading relatively higher and the prospects of the same moving lower in the near future looks bleak. These factors will continue to occupy the mind of the market as we progress further into the month," says Joseph Thomas, Head of Research, Emkay Wealth Management on the market.

Disclaimer

The above stocks are picked from various brokerage reports. Investors are advised caution as the markets have become exceedingly volatile. Neither Greynium Information Technologies, nor the author, nor the brokerage house would be responsible for any losses based on a decision reading the above article. Every effort has been made to provide accurate information and readers should understand the inherent risks before investing in the markets. The author and his family do not own shares of the above companies.