Stocks to buy: From ICICI Bank to NMDC - Motilal Oswal recommends these shares to buy this week

livemint.com:

Indian stock market: The Indian stock market indices, Sensex and Nifty 50, concluded the trading session with a mixed performance, on May 6. Shares of specific heavyweight companies such as Titan, SBI, and Reliance Industries exerted notable downward pressure on these primary indices. The Sensex ended the day with a slight increase of 17 points, or 0.02 percent, closing at 73,895.54, whereas the Nifty 50 concluded with a decrease of 33 points, equivalent to 0.15 percent, closing at 22,442.70.

Also read: Bonus share, stock split effect: Multibagger SME stock turns ₹1.34 lakh into ₹12.15 lakh in 7 years Despite favorable international indicators, domestic market indices concluded the session with subdued performance, driven by persistent worries regarding overvaluation without fresh positive triggers and amid a mixed bag of Q4 earnings updates. The Indian stock market seems to have factored in a majority of the favorable aspects, and analysts anticipate a period of sideways movement until the election results are announced. There's a sentiment among some experts that profit-taking may occur post the election outcome.

“Nifty witnessed a gradual decline after opening higher amid high volatility. The index closed with a marginal loss of 33 points at 22443 levels. Sector-wise it was mixed with buying seen in Realty, IT & FMCG.

PSUs especially Banking & NBFC were under pressure after RBI proposed stricter lending rules. Domestic equities after opening higher gave up their entire gains amid rising volatility and continuous selling by FIIs. In the last month, FIIs have sold ~ ₹39,000 crore worth of stocks amid uncertain global macros.