Market Trading Guide: HAL, CDSL among 3 stock recommendations for Friday
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10 months ago
Benchmark stock indices Sensex and Nifty tanked around 1% on Thursday dragged by selling in banking and auto shares due to increased uncertainty about the timing of interest rate cuts after the RBI's monetary policy decision. Erasing all its early gains, the 30-share BSE Sensex fell by 724 points to settle at 71,428. The Nifty shed 212.55 points or 0.97% to settle at 21,718.Rate-sensitive banking and financial services, auto, realty and commodity shares remained under pressure while energy and IT shares advanced."The short-term trend of Nifty seems to have turned down and one may expect some more weakness in the short term. The near-term uptrend of the market remains intact and further weakness down to the immediate support of 21,550-21,500 levels could be a buying opportunity," said Nagaraj Shetti, senior technical research analyst at HDFC Securities.Here are 3 stock recommendations for Friday:
Economic Times