
Stocks to trade: Raja Venkatraman recommends five stocks for 8 April
Best stocks to buy today (All Buy trades are rates of equity and sell rates are based on F&O)Natco Pharma Ltd: Buy above ₹1,085 | Stop ₹1,005 target | ₹1,220 (multiday)Godawari Power and Ispat Ltd: Buy above ₹285 | Stop ₹275 | Target ₹310 (multiday)KPIT Technologies Ltd: Buy above ₹710 | Stop ₹675 | Target ₹781 (multiday)On Tuesday, the benchmark Sensex and Nifty staged a strong recovery after opening on a weak note, supported by robust buying in IT stocks. The domestic markets initially slipped amid rising geopolitical concerns over the West Asia war and investor caution ahead of the deadline set by US President Donald Trump for a possible agreement with Iran.
However, renewed interest in technology shares helped the indices rebound sharply from early losses.Among individual stocks, Jubilant FoodWorks dropped about 8% after issuing a concerning business update on its March quarter performance. In contrast, metal stocks showed strength, with Hindalco Industries advancing 2.8% and Vedanta gaining 2.2% after J.P.
Morgan upgraded the aluminium producers to ‘overweight’ from ‘neutral’, citing expectations of sustained higher aluminium prices. Meanwhile, rate-sensitive sectors, including banking, financials, automobiles, and consumer stocks, declined by 0.7% to 1.5% as investors anticipated that the Reserve Bank of India (RBI) might keep interest rates unchanged in its upcoming policy decision.The strong undercurrent on Tuesday helped the Nifty withstand market volatility and ensured the rise sustained above critical support zones.
At the moment, the global trends remain the key drivers of the sentiment. There really isn’t much local news flow to contain the volatility.The follow-through from the long body candle on Monday,
. Read on livemint.com