Indian benchmark indices closed higher on Monday led by gains in metal and banking stocks after posting a second consecutive weekly loss in the previous session. The BSE Sensex rose nearly 1% to 59,000 points, while the NSE Nifty rose 126 points to 17,665.8.
Most of the major Nifty sub-indices rose between 1% and 1.7% with metals, private bank and bank indices among the high performers. In the broader market, the BSE Smallcap gauge rose 0.89% and the Midcap index rose 0.46%.
Helping sentiment, foreign investors bought Indian equities worth around $245 million this month through Friday, after pouring in $6.44 billion last month to mark its biggest monthly net purchase since December 2020, Refinitiv The data showed.
for day trading guide stock market today
“Nifty continues to outperform its global peers on the back of strong macro data, upcoming festive season and FII inflows. Mid and smallcaps remain in momentum. Going forward, in absence of any major Nifty events domestically. Sideways trading is likely to continue.Globally, nine central banks will meet this week to announce their policy, said Siddharth Khemka, head of retail research at Motilal Oswal, while the new UK prime minister will also be announced. may drive global markets in the near future.
stocks to buy today As recommended by analysts –
Mehul Kothari, AVP-Technical Research, Anand Rathi
Bandhan Bank: Buy BandhanBank, Stop Loss 275, target 296
Trent: Buy Trent, Stop Loss 1,360, target 1,470
Anuj Gupta, Vice President – Research at IIFL Securities
RBL Bank: Buy RBLBank, Stop Loss 117, target 135
Ashok Leyland: Buy Ashok Leyland, Stop Loss 154, target 175
Sumita Bagdia, Executive Director, Choice Broking
JSW Steel: Buy JSWSTEEL, Stop Loss 660, target 700-720
Larsen & Toubro (L&T): Buy LT, Stop Loss 1,930 target 2,000-2,025
Rajesh Bhosale, Technical Analyst, Angel One Limited
Birla Corp: Buy BirlaCorp, Stop Loss 970, target 1,075
Century Textiles: Buy Centurytex, Stop Loss 854, Target 950
The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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