Buy or sell: Vaishali Parekh recommends three stocks to buy today — February 23
Buy or sell stocks for today: On account of sharp selling in small and mid-cap stocks, the Indian stock market opened lower on Thursday. However, bulls came back strongly in the last session and most of the Indian sectors witnessed sharp buying, which helped Dalal Street recuperate its losses and end higher.
Except for the Bank Nifty index, all sectors ended in the green zone with IT and auto being the outperformers. The Nifty 50 index finished 162 points higher at the 22,217 level, the BSE Sensex gained 535 points and closed at the 73,158 mark while the Bank Nifty index ended 99 points lower at the 46,919 level.
In the broad market, the mid-cap index outperformed the Nifty 50 index even as the advance-decline ratio improved to 1.22:1. Also Read: Bosch, Bharat Forge, National Aluminium, Sun TV among 21 stocks to trade ex-dividend today Global stocks rallied, with Japan’s benchmark hitting a record high and Europe’s on track to do the same after Nvidia’s blowout sales forecast reinforced investor conviction in the boom in generative AI use.
Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that the Indian stock market mood has turned positive after the strong rebound on Thursday's session. The Prabhudas Lilladher expert said that the Nifty 50 index is now heading for its immediate targets placed at 22,400 and 22,800 levels.
Also Read: Stock market today: SAIL, Biocon, ZEEL among 15 stocks under F&O ban list today On stocks to buy today, Vaishali Parekh recommended three intraday stocks for today — HCL Technologies, Coal India Ltd, and National Aluminium Company or NALCO. On the outlook for the Nifty 50 today, Vaishali Parekh said, "Nifty 50 index witnessed a slightly weak morning session
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