Stocks to buy or sell: BHEL to Bajaj Finserv — Sumeet Bagadia recommends three shares to buy on Monday — April 8
Stocks to buy or sell: The Indian stock markets registered gains for the week gone by as they remained well supported by strong macroeconomic data in the form of PMI numbers. After record GST collection, Q4 results 2024 of the listed companies are eagerly awaited as the market is expecting satisfactory growth in the quarter ended March 2024. The growth story to continue further in FY25 was seconded by the Reserve Bank of India (RBI) when it left key rates unchanged in the RBI monetary policy meeting last week.
However, the current volatility in the Indian stock market is expected to continue for the entire month as investors are expected to react to every development regarding the US Fed rate cut. The US Fed meeting is scheduled from 30th April to 1st May 2024. Also Read: Why are gold, silver prices flirting with record highs? — explained Sumeet Bagadia, Executive Director at Choice Broking believes that the Nifty 50 index is in the 22,250 to 22,550 range and a bullish or bearish trend can be assumed on breakage of either side of the range.
The Choice Broking expert went on to add that the Bank Nifty index outperformed the other two benchmark indices. Bagadia predicted that the Bank Nifty index may become highly bullish once it breaches its previous peak zone placed around the 48,150 to 48,200 range. Also Read: Why is IREDA share price skyrocketing? — explained On stocks to buy next week, Sumeet Bagadia of Choice Broking recommended three buy or sell stocks for short-term investors — Bajaj Finserv, IndusInd Bank, and BHEL.
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