Best stocks to buy today: Raja Venkatraman recommends three stocks for 2 April
Subscribe to enjoy similar stories. Global cues continue to dictate the trends in the Indian stock market as we begin the new financial year. While trends remain uncertain, certain stocks are able to handle this scenario efficiently.
For today, we have chosen stocks from the hospitality, pharma and finance sectors. Here are the three best stocks to buy today as recommended by Raja Venkatraman of NeoTrader for Wednesday, 2 April. • Chalet Hotels: Buy above ₹850 , stop ₹825 target ₹915-940 • Medanta: Buy above ₹1,235, stop ₹1,210 target ₹1,315-1,345 • Poonawalla Fincorp: Buy at current market price and on dips to ₹340, stop ₹335, target ₹360-370 Also Read: Riders on the storm: Newbie investors get a dose of reality On Monday, the Nifty opened with a gap down that sustained through the day.
It couldn't hold onto higher levels and ended the day lower. The ability of Nifty to hold on to higher levels has been declining and weakened further. On 1 April, benchmark indices Nifty and Sensex continued their downward trend, as investor sentiment remained cautious following the tariff deadline set by former US President Donald Trump.
The sectors most vulnerable to trade-related disruptions, including Nifty IT and Pharma, saw significant declines, with financial stocks also joining the sell-off. Additionally, market anxiety intensified as India VIX, a critical measure of volatility, spiked by 9%. Bank Nifty and Nifty have started the April series on a tepid note.
The bearish tones in the index demonstrate that every opportunity at higher levels generates a supply. We continue to experience a volatile state as markets contemplate the future course of action. While markets continue to revive from lower levels, there are clear signs of
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