MarketTradingGuide:SunPharma,Havellsamong9stockrecommendationsforMonday
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about 1 year ago
Buoyed by positive economic data in the domestic markets and better-than-expected Chinese and US economic data, Indian benchmark indices continued to rally on Friday and notched fresh record highs. The 30-shares Sensex ended 320 points higher at 67,838, while the Nifty added 89 points to close at 20,192. On a weekly basis, Sensex and Nifty made gains to the tune of around 2% each. Buying in index heavyweights also supported the rally. Sectorially it was a mixed bag with buying interest seen in Auto, IT, and Pharma. On a weekly basis, PSU Banking pack emerged as the outperformer at 13-year high i.e. a multi-month breakout indicating continuation of a bull cycle "Nifty continued to exhibit strength as the index reached new highs. Strong Put writing at 20,100 has further bolstered positive sentiment in the market. The trend is expected to remain positive as long as Nifty remains above the 20,000 mark. In the short term, there is potential for Nifty to move towards the 20,480-20,500 range on the upside,” Rupak De, Senior Technical analyst at LKP Securities, said.Here are stock recommendations for Monday:
Economic Times