Kotak Securities is bullish on Zee Entertainment with a price target of Rs 360 per share.
Nifty Energy index led the sectoral pack with gains of 2.40%, followed by the Nifty Realty index that rose 1.95%.
Nifty Bank, Nifty FMCG, Nifty Metal and Nifty Pharma indices lost upt0 0.52% in early trades.
The Bank of Korea raised its policy rate by 25 basis points to 1%, a move that was largely expected.
GCL Securities is bearish on IndusInd Bank with a price target of Rs 940 per share.
Shares of Paytm settled with gains of 17% amid bargain buying, up almost 40% from record lows.
While the 6.4% correction from the peak in Nifty has made the market healthy, the valuations continue to be high.
Singapore's economy grew 7.1% in the third quarter on a YoY basis. The growth came in was higher than an official advance estimate for 6.5%.
Kotak Securities is bullish on Hindalco with a price target of Rs 460 per share.
The broader market outperformed the main indices. The S&P BSE MidCap index added 1.61% while the S&P BSE SmallCap index advanced 1.81%