Stocks to buy: Ankush Bajaj recommends three stocks for today—27 December
Subscribe to enjoy similar stories. Nifty and Bank Nifty: The Indian stock market closed almost flat on Thursday, 26 December. The Nifty 50 closed with a marginal gain of 0.10%, or 22.55 points, settling at 23,750.
The BSE Sensex also remained flat at 78,472 points. Today’s trading volumes were moderate as the market displayed signs of consolidation within a narrow range. Sectorial performance was mixed, with the Nifty Auto index outperforming, closing at 22,876, up 0.84%, driven by optimism in the automotive sector.
In contrast, the Nifty Metal index underperformed, declining by 0.14%, reflecting weakness in metal stocks. Hindustan Copper surged by 6.5%, while Hindustan Zinc dropped by 2%. The top losers on the Nifty were Asian Paints (-0.95%), Titan (-0.91%), and JSW Steel (-0.80%).
The top gainers included Adani Ports (+5.22%), M&M (+1.60%), and SBI Life (+1.60%). Indian stock market outlook: The Nifty 50 is currently in a consolidation phase, trading near its 200-day moving average. A clear uptrend is expected only if the index surpasses the 24,000 level; until then, the market is likely to trade within a range over the next few days.
Also Read: ICICI Securities, Motilal Oswal, JM Financial: Top stock picks for 2025 Petronet LNG: Buy at ₹345; Target ₹364-375; Stop Loss ₹336. The stock has found strong support and has successfully closed above the trendline at ₹340, breaking out from the upper side of the channel where selling pressure was observed around the ₹380 level. This stock appears to be a strong candidate for a potential upside move.
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