Day trading stocks to buy: Bank of Baroda to HCL Tech - Anand Rathi expert recommends three shares to buy on June 10
Indian stock market: Continuing their upward trend for the third consecutive session, Indian stock market benchmarks, the Sensex and the Nifty 50, reached new closing highs on Friday, June 7. Despite a sharp 6 percent drop on June 4, market benchmarks have shown solid gains so far in June. The Sensex has risen by about 3.7 percent, while the Nifty 50 has gained nearly 3.4 percent in the first week of the month.During the session, the Sensex reached a new all-time high of 76,795.31 before closing at 76,693.36, up 1,619 points or 2.16 percent, with all components in the green.
The Nifty 50 closed 469 points higher, a gain of 2.05%, at 23,290.15. Only two stocks were in the red: SBI Life, down 1.03%, and Tata Consumer, down 0.43%.“On the nifty front, we are now closed at the level of 23200–23300 zone. After the Lok sabha election outcome, the market has the confidence that the government will form as soon as possible.
On the hope of a stable government, the market mood has bounced back to the bullish zone. At the same time, we have seen VIX also getting stable below the 20 mark after seeing a 52 high of 30+ in the last week. So we may see low volatility in the market in the upcoming days," said Ganesh Dongre, Senior Manager - Research at Anand Rathi.On the Nifty outlook, Dogre said, “As per today's chart pattern, we have seen the gap-up opening and the nifty continue its bullish trend for the rest of the day, so at the end of the day, the nifty closed in positive territory above 22200 mark.
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