
Stock recommendations for 27 February from MarketSmith India
Stock market recap: Benchmark domestic indices, the Sensex and the Nifty 50, ended lacklustre on Thursday, 26 February, due to profit booking in select heavyweights, including HDFC Bank and Axis Bank, amid mixed global cues.The Sensex ended 27 points, or 0.03%, lower at 82,248.61, while the Nifty 50 inched up by 14 points, or 0.06%, to settle at 25,496.55.The mid and small-cap segments ended with gains; the BSE 150 MidCap Index clocked a decent gain of 0.55%, while the BSE 250 SmallCap Index rose by 0.07%.The overall market capitalisation of BSE-listed firms increased to ₹468 trillion from ₹467 trillion n the previous session.Two stock recommendations by MarketSmith India:Buy: Fortis Healthcare Ltd(current price: ₹963.65)Buy: Mankind Pharma Ltd (current price: ₹2,280)Nifty 50 performance | 26 FebruaryIndian equities ended on a subdued note on February 26th, with Nifty 50 closing at 25,496.55, up 14.05 points or 0.06%, after oscillating between 25,400.95 and 25,572.95 during the session. The index witnessed intraday volatility but staged a late recovery, indicating buying interest near 25,400, while 25,600 continues to act as an immediate resistance.
Sensex mirrored the trend with marginal gains.Market breadth was mildly positive, with advances outpacing declines by 1,686 to 1,460 stocks, reflecting selective participation beyond the benchmark heavyweights. On the sectoral front, Pharma, Healthcare, PSU Banks, Oil & Gas, and Auto led the gains.
On the other hand, FMCG, Media, and select Financials led the decline. Nifty Pharma and Healthcare indices gained more than 1% each, whereas Financial Services remained largely range-bound.Nifty continues to hover around its key medium- to long-term moving averages, namely the 50-,
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