Nifty 50 Gains, Experts Recommend 8 Stocks to Buy Today
Nifty 50 Rebounds After Recent Losses
The benchmark Nifty 50 index ended Wednesday with a positive note, gaining 0.52% to close at 24,813.45. This comes after a few days of decline, offering a much-needed breather to investors. The Bank Nifty also saw a rise, up 0.32% to 55,075.10. Most indices, except for Consumer Durables, finished the day in the green, led by gains in the Realty and Pharma sectors. The broader markets also bounced back, with a 0.78% surge.
Looking Ahead: Market Sentiment Remains Mixed
Rupak De, Senior Technical Analyst at LKP Securities, suggests that the Nifty 50 might remain sideways to bearish as long as it stays below the 25,000 mark. However, if it manages to reclaim this level, sentiment could shift to bullish, potentially weakening short bets. Meanwhile, Bajaj Broking identifies key support for the Bank Nifty around 54,000-53,500.
Q4 Earnings and Global Factors to Drive Market
Siddhartha Khemka, Head – Research, Wealth Management at Motilal Oswal Financial Services Ltd., expects the market to remain firm, supported by a healthy domestic economic backdrop, decent corporate earnings, and the prospect of a good monsoon this year. He also points to institutional buying in broader markets as a potential booster.
Key Earnings to Watch Today
Investors will be closely watching Q4 earnings reports from companies like ITC, Sun Pharma, Grasim, CONCOR, and GMR Airports, which are scheduled to be released on Thursday.
Stocks to Buy Today: Expert Picks
Several experts have shared their stock recommendations for Thursday. Here are some of their top picks:
Sumeet Bagadia, Executive Director at Choice Broking
- Gabriel India Ltd (GABRIEL): Buy at ₹656.95, Stoploss ₹635, Target ₹700
- Krishana Phoschem Ltd (KRISHANA): Buy at ₹379.85, Stoploss ₹365, Target ₹405
Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi
- Hindustan Aeronautics Ltd (HAL): Buy at ₹4930, Stoploss ₹4850, Target ₹5100
- LIC Housing Finance Ltd (LICHSGFIN): Buy at ₹595, Stoploss ₹585, Target ₹615
- Tata Consultancy Services Ltd (TCS): Buy at ₹3518, Stoploss ₹3480, Target ₹3620
Shiju Koothupalakkal, Senior Manager — Technical Research, at Prabhudas Lilladher
- Kaveri Seed Company Ltd (KAVERI SEEDS): Buy at ₹1396, Target ₹1455, Stop loss ₹1370
- Tata Technologies Ltd (TATA TECH): Buy at ₹757, Target ₹790, Stop loss ₹740
- Mishra Dhatu Nigam Ltd (MIDHANI): Buy at ₹407, Target ₹430, Stop loss ₹397
