The index halted a four-session rally on Thursday, dragged by technology and realty stocks. 30-share BSE Sensex It slipped 621.31 points, or 1.03%, to close the session at 59,601.84. Similarly, the NSE Nifty fell 179.35 points or 1% to end at 17,745.90.
Nifty realty and IT indices were the biggest losers among sectoral indices, each falling 1.5%, while banking stocks ended the sharp rally with a 0.6% fall. In value terms, RIL, HDFC twins and Infosys accounted for more than half of the benchmark losses. Tech Mahindra was the top laggard, followed by UltraTech Cement, Reliance Industries, HCL Tech, HDFC twins, Kotak Bank and Infosys.
Foreign institutional investors remained net buyers in the capital markets on Wednesday as they bought shares of value 336.83 crore as per exchange data.
Analyst Recommendation to buy/sell these stocks today –
Sumeet Bagdia, Executive Director, Choice Broking
IndusInd Bank: Buy IndusInd Bank, Target 950-975, stop loss 890
Dabur: Buy Dabur, Target 590-600, stop loss 570
Mudit Goyal, Senior Research Analyst, SMC Global Securities
Tata Power: Buy Tata Power, Target Price 236, stop loss 224
Trent: Buy Trent, Target Price 1,100, stop loss 1,070
Avinash Gorakshakar, Head of Research, Profitmart Securities
UPL: Buy UPL Here 781, target 815, a stoploss of 765
Bank Of Baroda: Buy Bank Of Baroda Here with a target of 86.7 93, stoploss of 83.50
The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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