
Stocks to buy: Raja Venkatraman's top picks for 7 January
Stock market recap: The Indian equity markets closed on a weak note on Tuesday. The Sensex slipped 376 points to settle at 85,063, while the Nifty declined 72 points to 26,179. Market breadth remained negative with an advance-decline ratio of 2:3, reflecting broad-based weakness.Three stocks to trade, recommended by NeoTrader’s Raja Venkatraman:MARICO (Cmp ₹779.05)DIVISLAB (Cmp ₹6,642.50)PNBHOUSING (Cmp ₹1,007.85) Stock Market RecapOn Tuesday, the Indian equity markets closed on a weak note.
The Sensex slipped 376 points to settle at 85,063, while the Nifty declined 72 points to 26,179. Market breadth remained negative with an advance-decline ratio of 2:3, reflecting broad-based weakness.The midcap index also fell 117 points to 61,149, though the Nifty Bank outperformed, gaining 74 points to close at 60,118. Reliance Industries registered its sharpest single-day fall in ten months, weighing heavily on the indices, while Trent tumbled 8% on disappointing Q2 revenue growth.ITC extended losses, hitting a two-year low, whereas insurance stocks gained ahead of monthly data, with HDFC Life among the top performers.
Kotak Mahindra Bank ended 2% lower despite healthy quarterly numbers. Metal counters like NALCO and Hindalco advanced, while IEX surged 9% on positive developments in the market coupling case. Select pharma and tech names such as Divi’s Labs and Emmvee rose 5–8%, but EMS and renewable energy stocks faced selling pressure.Outlook for tradingAs the market remains muted, triggered by the geopolitical tensions, it tested our patience on Tuesday, but did not give up the lower levels.
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