Sensex Today | Stock Market View: Prashanth Tapse, Senior VP (Research), Mehta Equities

INFY and TCS face challenges with weak Q3 performances, while US inflation surges by 3.4% YoY, potentially delaying Federal Reserve rate cuts. On a positive note, INFY's ADR rose by 4% overnight. Nifty may trade negatively as the Federal Reserve is expected to delay rate cuts until May. Key events include India’s CPI inflation and IIP data for December. Recommended trades include buying Nifty in the 21500-21550 zone and Bank Nifty in the 46900-47000 zone. Bullish stocks include ZOMATO, BALKRISHNA INDUSTRIES, ITD CEMENTATION, RVNL, TATA POWER, and INDIGO. ZOMATO is highlighted as a top pick with targets at 141/163 and aggressive targets at 201 over a 12-15 month holding period.