The Indian stock market saw a rollercoaster session on Tuesday, with the Sensex and Nifty 50 hitting all-time highs before settling flat. The Sensex crossed the 85,000 mark, and the Nifty 50 touched 26,000 for the first time. However, profit-booking in banking and FMCG stocks caused the market to lose steam by the end of the day.
The Sensex closed slightly down by 14.57 points at 84,914.04, while the Nifty 50 inched up 1.35 points to end at 25,940.40. Investors were cautious despite a recent rally fueled by the U.S. Federal Reserve’s 50 basis points rate cut and China’s economic stimulus measures.
Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, remains optimistic about the market’s direction. She noted that Nifty 50’s next target is 26,400, with support around 25,600. For Bank Nifty, she expects further gains as long as it holds above 52,300.
Today, Parekh recommends buying these three stocks:
- Aurobindo Pharma
- Buy at: ₹1,500
- Target: ₹1,600
- Stop Loss: ₹1,460
- LTIMindtree
- Buy at: ₹6,350
- Target: ₹6,600
- Stop Loss: ₹6,250
- Apollo Tyres
- Buy at: ₹529
- Target: ₹550
- Stop Loss: ₹520
Investors can consider these picks for potential gains in today’s trading session.
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.
