Asian Market Updates, Stocks to Buy and Sell Today on 17th January 2014


Trade in Asian equity markets was subdued on the final trading day of the week after
underwhelming US earnings results pulled the plug on a two-day rally on Wall Street.
China's Shanghai Composite shed 0.67 percent or 13.56 points at 2,010.14.
Hong Kong's Hang Seng slipped 0.52 percent or 119.78 points at 22,866.63. Japan's Nikkei fell 0.52 percent or 81.51 points at 15,665.69.
Singapore's Straits Times was down 0.64 percent or 19.99 points at 3,120.45.
South Korea's Seoul Composite was down 0.09 percent or 1.75 points at 1,955.57.
Taiwan's Taiwan Weighted fell 0.25 percent or 21.82 points at 8,590.29.


Stocks to Buy on 17th January 2014:

Buy Tata Steel, Target Rs 400 and Stoploss Rs 374
Buy Grasim Industries, Target Rs 2730 and Stoploss Rs 2555

Stocks to Sell on 17th January 2014: 
Sell Allahbad Bank, Target Rs 86 and Stoploss Rs 96
Sell Jaiprakash Associates, Target Rs 43 and Stoploss Rs 49