Buy or sell: SBI Life to Grasim — Vaishali Parekh recommends three stocks to buy today — April 9
Buy or sell stocks for today: Following positive global market sentiments, the Indian stock market ended higher on Monday. Two out of three frontline indices hit a new lifetime high and the market cap of the BSE-listed stocks crossed ₹400 lakh crore. The Nifty 50 index touched a new lifetime high of the 22,697 mark and finished 152 points higher at the 22,666 level.
The BSE Sensex also climbed to a new peak of 74,869 during Monday deals and ended 494 points north at the 74,72 mark. In the broad market, the small-cap index climbed to an intraday high of 46,410 level and came close to its lifetime high of 46,821. However, the mid-cap index finished 0.26 percent higher after hitting a new high of 41,113 in the previous session.
Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that the Indian stock market bias has become strong after the Nifty 50 index touched a new high on Monday. The Prabhudas Lilladher expert predicted that the 50-stock index may go up to 23,200 levels in the short term as indicators like RSI also show strength with much upside potential. On stocks to buy today, Vaishali Parekh of Prabhudas Lilladher recommended three buy or sell stocks for today — SBI Life, Grasim Industries, and Crompton Greaves.
Read more on livemint.com
