Buy or sell: Dharmesh Shah of ICICI Securities recommends these two stocks to buy this week
Stock Market News: US markets rose over the weekend on growing optimism over artificial intelligence (AI). On the other hand, given the long weekend holidays, low trading activity, and weekly option expiry, domestic markets on Saturday showed a muted trend.
Information technology (IT) and fast-moving consumer goods (FMCG) saw profit booking, while private banks saw selective purchasing following a recent strong fall and steady Q3 earnings. On Saturday, the S&P BSE Sensex fell 0.4% or 259.58 points to 71,423.65, while the Nifty 50 closed 0.23% or 50.60 points lower to 21,571.80.
The equity market will remain closed today on account of a public holiday in the country celebrating the inauguration of the Ram Temple in the northern city of Ayodhya. We only have three trading sessions this week.
The equities market will be closed on Friday, January 26, in honour of the 75th Republic Day. "Exciting news! Mint is now on WhatsApp Channels
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