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livemint.com / 2 months ago
livemint.com / 2 months ago
Stock recommendations for 10 March from MarketSmith India
Stock market recap: The Indian equity markets witnessed a significant sell-off on Monday, as Nifty 50 plummeted 422.40 points (1.73%) to close at 24,028.05, while Sensex crashed 1,352.74 points (1.71%) to finish at 77,566.16.The downturn was primarily triggered by escalating geopolitical tensions between the US, Israel, and Iran, which sent Brent crude prices soaring above $114 per barrel. This energy shock, coupled with the Indian rupee hitting a record low of 92.35, sparked broad-based risk aversion.The advance-decline ratio was heavily skewed toward the bears, with over four stocks declining for every one that advanced, reflecting deep-seated weakness across the broader market.On the sectoral front, Nifty PSU Bank and Nifty Auto were the worst laggards, with heavyweights like SBI and Tata Motors facing intense pressure.
Technically, Nifty has entered a correction zone, dropping more than 10% from its January highs.Two stock recommendations by MarketSmith India:Buy: Sun Pharmaceutical Industries Ltd (current price: ₹1,810) Buy: Apollo Hospitals Enterprise Ltd (current price: ₹7,790)Nifty 50 performanceIndian equities witnessed a sharp sell-off on 9 March, with Nifty 50 tumbling 422 points, or 1.73%, to close at 24,028.05, after slipping to an intraday low of 23,697.80. Sensex mirrored the weakness, dragged lower by heavy selling in financials, autos, and rate-sensitive pockets.Market breadth was decisively negative, with declines outpacing advances by a wide margin (Advance: 644; Decline: 2,631), underscoring broad-based risk aversion.
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Stocks to buy: Raja Venkatraman recommends three stocks for 19 March livemint.com / 2 months ago
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21.05 / 10:17
UPS
Art
Booking
wellness
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21.05 / 10:17
markets
UPS
IPO
NVIDIA
SpaceX
Even at $5 trillion, Nvidia is underappreciated
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21.05 / 10:17
markets
Digital
CEO
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Omnicom
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markets
IPO
Racing
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SpaceX
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21.05 / 09:47
markets
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trends
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markets
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trends
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21.05 / 09:47
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21.05 / 08:45
UPS
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