After a major crash in global markets, the Indian stock market also took a big hit on Monday. The Nifty 50 index dropped 667 points, closing at 24,049. The BSE Sensex fell by 2,222 points, ending at 78,759. The Bank Nifty index went down by 1,294 points, closing at 50,056. The small-cap index fell by 4.21%, and the mid-cap index dropped by 3.60%.
Sumeet Bagadia, Executive Director at Choice Broking, believes the Indian stock market’s mood has weakened due to heavy selling in Japan and South Korea. He suggests focusing on specific stocks until the overall market sentiment improves. Bagadia recommends looking at breakout stocks for intraday trading, as some stocks have shown strong patterns despite the recent heavy selling.
Sumeet Bagadia’s Stock Recommendations for Today:
GHCL Textiles:
- Buy at ₹111.11
- Target: ₹116
- Stop Loss: ₹107
DIC India:
- Buy at ₹630.65
- Target: ₹661
- Stop Loss: ₹607
Pokarna:
- Buy at ₹816.65
- Target: ₹855
- Stop Loss: ₹785
Cera Sanitaryware:
- Buy at ₹9436.70
- Target: ₹9888
- Stop Loss: ₹9100
Aurum Proptech:
- Buy at ₹196
- Target: ₹205
- Stop Loss: ₹188
Bagadia emphasizes maintaining a stock-specific approach and focusing on these breakout stocks for potential gains today.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
