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Vaishali Parekh Recommends 3 Stocks to Buy Today as Nifty Hits Record High – Sept 26

Stock Market Today:

The Sensex and Nifty 50 extended their winning streak for the fifth day in a row, reaching all-time highs on Wednesday, thanks to late gains in banking and power stocks. The BSE Sensex closed 255.83 points higher (0.30%) at a new high of 85,169.87, while the Nifty 50 rose by 63.75 points (0.25%) to close above 26,000 for the first time at 26,004.15.

US Federal Reserve Impact:

The recent 50 basis point interest rate cut by the US Federal Reserve has boosted investor confidence, driving gains in nine out of the 13 key sectoral indexes.

Commodity Market Update:

Gold prices hit new highs, with US gold futures rising 0.6% to $2,691.40 and Indian gold futures trading higher at ₹75,148 per 10 grams. Meanwhile, oil prices fell by more than 2% due to easing supply concerns in Libya, though tensions in the Middle East provided some support.

Vaishali Parekh’s Stock Picks for Today:

  1. FirstSource Solutions Ltd: Buy at ₹341, target price ₹360, stop loss ₹330.
  2. Dr. Reddy’s Laboratories Ltd: Buy at ₹6,701, target price ₹7,000, stop loss ₹6,600.
  3. NOCIL Ltd: Buy at ₹283, target price ₹300, stop loss ₹273.

Market Outlook:

Vaishali Parekh, VP of Technical Research at Prabhudas Lilladher, said Nifty is on a strong trend and could target 26,400 soon. Bank Nifty also looks strong, with potential to rise if it surpasses 54,200, aiming for 55,100 to 56,600 levels.

For today’s session, Nifty’s support is at 25,900, with resistance at 26,200. Bank Nifty’s key support zone is 53,000, with a range between 53,800 and 54,600.

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.​​

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