
Stocks to buy: Raja Venkatraman's top picks for 17 December
Subscribe to enjoy similar stories. Selling pressure on the rally continues to keep a check on market conditions, as the lack of clarity continues to push the market lower with every rally. With trends continuing to fluctuate, we now need to determine that the market demands a hybrid approach.
Best stocks to buy today (All Buy trades are rates of Equity & Sell rates are based on F&O) Lloyds Metals And Energy Ltd: Buy above ₹1311, stop ₹1290 target ₹1390 (Multiday) Titan Co. Ltd: Buy above ₹3,935 | Stop ₹3,880 | Target ₹4,025 (intraday) Bharti Airtel Ltd: Buy above ₹2,105 | Stop ₹2,080 | Target ₹2,138 (intraday) Indian equities witnessed another turbulent session on 16 December, closing lower for the second straight day as persistent rupee weakness and uncertainty over the India-US trade deal weighed on sentiment. The Nifty opened below the 26,000 mark and remained under pressure throughout, slipping further in the final hour of trade to end at 25,860.10, down 167.20 points or 0.64%.
The Sensex also declined 533.50 points, settling at 84,679.86, a fall of 0.63%. Broader markets mirrored the weakness, with BSE Midcap and Smallcap indices losing nearly 1% each. Currency markets added to the gloom, with the rupee hitting a record low of 91.08 against the US dollar, marking a 1% slide over the past five sessions.
On the Nifty, Axis Bank, Eternal, HCL Technologies, Tata Steel and JSW Steel led the losers, while Bharti Airtel, Tata Consumer, Titan, M&M, and Bajaj Auto managed gains. Sectorally, barring FMCG, consumer durables and telecom, all indices closed in the red. The Nifty could not sustain the spirited upward bounce shown on Monday, as the lack of encouraging triggers resulted in dragging the trend lower.
Read on livemint.com