New Delhi, May 23 -- India's stock market opened in red on Thursday, with the Nifty 50 opening lower at 24,733.95 points and the BSE Sensex at 81,323 due to concerns over the US's fiscal deficit and the 30-year US treasury bond yield rising to 5.09%.

For today, we have picked two stocks-one each from the housing finance sector and the auto ancillaries sector. We also take a closer look at Thursday's market performance to identify trends that may shape the indices in the days ahead.

Stocks to trade today, 23 May

Current price: Rs.227

Target price: Rs.295 in 14-16 months

Stop-loss: Rs.192

Why it's recommended:HUDCO is the nodal agency for the government's 'Housing for All' initiative and is also actively involved in federal schemes su...