Buy or sell: Vaishali Parekh recommends buying these 3 stocks today - 30 August
real estate, metals, and auto sectors. Nifty Realty, Auto, Metal, Consumer Durables ended in green with 0.63% to 1.7% gains. "Domestic indices traded in positive territory for the second consecutive day amid gains in global equities.
Nifty extended its previous day's momentum and closed with gains of 37 points at 19343. Metal sector was in momentum after China announced a stimulus to support the economy. Also Read: Market Wrap: Sensex, Nifty end in the green after rangebound trade; RIL share price falls for fourth consecutive session Niche sectors like Speciality Chemicals saw buying interest after a long time on the back of news flows regarding the surge in chemical prices in China.
Market is moving in a range and we expect this trend to continue given the data-packed week and monthly derivatives expiry. Further, consistent selling by FIIs and poor monsoon in the month of August raised concern among investors, thus keeping the upside limited," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Reliance Industries, finished in the red for a fourth straight session on Tuesday as, at the 46th Annual General Meeting (AGM), RIL Chairman Mukesh Ambani did not discuss the deadlines for the telecom and retail IPOs, which looks to have disappointed the market.
Reliance Industries' stock ended the day on the BSE down 0.91 percent at 2,420.25. Jio Financial Services emerged as top Nifty gainer, up 5% for the day after ending in red and being among top laggards on Monday's session. Also Read: Top gainers, losers today: Jio Financial Services, Tata Steel, Reliance Industries, Bharti Airtel; check full list The broader markets were seen outperforming the benchmarks yet again as Nifty Midcap 50 Index
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