Top Stock Recommendations: Osho Krishan of Angel One suggests buying FACT and Varun Beverages today
Stock Market News: The domestic benchmark equity indices, the Sensex and the Nifty 50, started Thursday's trading session down as they took a break following four straight days of gains. The Kotak Bank share price slump contributed to the benchmark indices' decline. In the meantime, broader market continued to trade higher.
The top gainers in today's session were the Nifty Media and Nifty PSU Bank stocks. The NSE Nifty 50 opened at 22,316.90, down 85.50 points, or 0.38%, while the 30-share BSE Sensex started off at 73,572.34 level, down 278.77 points, or 0.38%. The overarching pattern of this market, according to Dr.
V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, is its bullishness in spite of negative triggers. Considering Axis Bank's Q4 earnings exceeded expectations, the market will react positively. Axis has a favourable value.
The regulatory restrictions on Kotak Bank will weigh on the stock. There won't be any significant corrections to the market because the VIX is at low levels. We can expect consolidation in the near future.
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