FAST MONEY: Lupin, PNB among key intraday trading tips

Sensex today: The benchmark indices are expected to open lower on Wednesday as uncertainty prevails in Karnataka as to who would form the government. Negative trend in Asian markets also impacted the sentiment. At 8:45 am, SGX Nifty was trading at 10,761, down 64.50 points or 0.60 per cent.

Sensex today: The benchmark indices are expected to open lower on Wednesday as uncertainty prevails in Karnataka as to who would form the government. Negative trend in Asian markets also impacted the sentiment. At 8:45 am, SGX Nifty was trading at 10,761, down 64.50 points or 0.60 per cent.

Meanwhile, The Congress got lesser seats than the BJP though its vote share was nearly two percentage points higher than that garnered by the saffron party in the bitterly fought Karnataka Assembly polls, according to election commission data.

Overseas, Asian markets fell after Pyongyang called off talks with Seoul, throwing a major US-North Korean summit into question, and a spike in the US 10-year Treasury yield to a seven-year high knocked sentiment on Wall Street. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.1 per cent.

South Korea's KOSPI was 0.4 per cent lower, Japan's Nikkei was down 0.3 per cent and Australian stocks edged up 0.1 per cent. On Wall Street, the Dow Jones Industrial Average fell 193.00 points, or 0.78 per cent, to 24,706.41, the S&P 500 lost 18.68 points, or 0.68 per cent, to 2,711.45 and the Nasdaq Composite dropped 59.69 points, or 0.81 per cent, to 7,351.63.

Here are key stocks to trade today:

1. Suven Life Sciences (Buy)

Target: Rs 195
Stoploss: Rs 188

Profit comes in at Rs 62.5 crore from Rs 40 crore (YoY)
Income at Rs 214 crore from Rs 180 crore (YoY)

2. PNB (Sell)

Target: Rs 83
Stoploss: Rs 87

More selling expected in stock after weak Q4 results
PNB recorded Rs 13,417 crore loss in Q4

3. Lupin (Buy)

Target: Rs 775
Stoploss: Rs 742

The stock recovered after Q4 earnings
The stock already corrected on expectations of weak results