Buy or sell: Vaishali Parekh recommends buying in 3 stocks today - 23 August

livemint.com:

Axis Bank, ICICI Bank, and HDFC Bank, were offset by losses in TCS, ICICI Bank, and HDFC Bank. The general sentiment of the market was optimistic, reflecting the mood globally. Even as US Treasury yields surged on worries that interest rates will stay high for a longer than anticipated amount of time, European stocks traded with healthy gains among their global peers whereas the Sensex closed flat.

Sensex closed 4 points higher at 65,220 while the Nifty closed the day at 19,396, up 3 points. Also Read: Market Wrap: Sensex, Nifty end flat; mid, smallcaps clock strong gains; investors richer by over a lakh crore “Nifty after opening higher traded sideways throughout the session to close flat at 19396. The broader market outperformed with the Nifty midcap 100 up 1% while the Nifty smallcap 100 was up 0.8%.

Sectorially it was a mixed bag with buying seen in Metals, FMCG, and Auto. In the near term market is expected to trade in a range as investors await the US Federal Reserve’s annual Jackson Hole gathering and US Fed Chair Jerome Powell's speech later in the week," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Parekh said Nifty witnessed a rangebound session witnessing resistance near the 19,440 zone during the intraday session and closed on a flat note near 19,400 zone consolidating for the time being whereas the broader markets showing active participation with mid-cap and small-cap indices indicating new round of momentum.