Stock market today: Domestic equity benchmarks Sensex and Nifty 50 reached fresh all-time highs in intraday trading but failed to sustain those gains, ending with mild losses amid weak global cues. Shares of HDFC Bank, Larsen & Toubro, Infosys, and TCS supported the key indices most, keeping their losses limited.
Nifty 50 hit its fresh all-time high of 24,236.35 during the session but closed 18 points, or 0.07 per cent, lower at 24,123.85. The 30-share pack Sensex also hit its fresh record high of 79,855.87 but slipped 35 points, or 0.04 per cent, to close at 79,441.45. Profit booking in select heavyweights, such as ICICI Bank, Bharti Airtel, Kotak Mahindra Bank, and SBI, dragged the indices down.
In the current market scenario, domestic brokerage firm SMC Global Securities has released its top four stock picks for this week. The brokerage has selected the quality stocks on technical as well as fundamental parameters. The stocks have robust fundamentals and are well-placed to yield good returns for investors in the next one-year time frame, according to the brokerage.
Weekly Stock Picks by SMC Global Securities
Let’s take a look at the top four technical and fundamental stocks for this week by brokerage SMC Global Securities:
1.Dabur India Ltd: Current Market Price (CMP): ₹603.17; Target Price: ₹697, Upside: 16 per cent