
Stocks to buy: Raja Venkatraman's top picks for 8 January
Stock market recap: Frontline indices, the Sensex and the Nifty 50, declined for the third consecutive session on Wednesday, 7 January, amid mixed global cues. The Sensex dropped 102 points, or 0.12%, to end at 84,961.14, while the Nifty 50 settled at 26,140.75, down 38 points, or 0.14%. The mid and small-cap indices outperformed.
The BSE Midcap and Smallcap indices rose 0.47% and 0.12%, respectively.(All Buy trades are rates of Equity & Sell rates are based on F&O)ABB: Buy above ₹5310, stop ₹5160 target ₹5700 (Multiday)ALKEM: Buy above ₹5815, stop ₹5575 target ₹6250 (Multiday)BSOFT: Buy above ₹444, stop ₹434 target ₹460 (Intraday)Indian equities extended their losing streak for the third consecutive session on 7 January, with Nifty slipping below 26,150 amid persistent volatility driven by geopolitical tensions, sustained FII outflows, and weakness across Asian markets. At close, the Sensex fell 102 points to 84,961.14, while the Nifty declined 37.95 points to 26,140.75. Broader markets showed resilience, with the BSE Midcap index rising 0.5% and Smallcap gaining 0.12%.Sectoral action was mixed: Titan Co.
surged 4% to a fresh 52-week high on strong Q3 performance, while Tech Mahindra, HCL Technologies, Wipro, and Jio Financial also supported the index. On the downside, Cipla, Maruti Suzuki, Max Healthcare, Tata Motors Passenger Vehicles, and Power Grid dragged. In stock-specific moves, Senco Gold rallied 12% after a 51% jump in Q3 revenue, Bliss GVS Pharma gained 3% on block deals, while Indian Hotels slipped 1% post Morgan Stanley downgrade.
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