Buy or sell: Vaishali Parekh recommends three stocks to buy today — March 7
Buy or sell stocks: On account of strong buying in banking, healthcare, IT, and auto stocks, the Indian stock market witnessed a strong pullback in the last hour of Wednesday's session. All three key benchmark indices ended in the green territory. The Nifty 50 index ended 117 points higher after climbing to a new peak of 22,497 level.
The BSE Sensex finished 408 points higher after hitting a new peak of 74,151 mark. The Bank Nifty index gained 384 points and closed at 47,965 level. However, the broad market remains under pressure as the small-cap index ended 1.91 percent lower whereas the mid-cap index finished 0.65 percent lower from their respective close on Tuesday.
Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that the Indian stock market mood has improved after the Nifty 50 closed above its previous high. The Prabhudas Lilladher expert went on to add that the market sentiment would further improve once the 50-stock index sustains above the 22,500 level decisively. She predicted a further upside move on Dalal Street as the Nifty IT index is participating actively.
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