Top Stock Recommendations: Sagar Doshi of Nuvama suggests MCX, Birlasoft, and HDFC AMC today
Stock Market News: The domestic benchmark indices, the Sensex and the Nifty 50, rose early on Wednesday, with the Sensex reaching a new all-time high level. However, shortly after, investors began to take profits, and the market began to move sideways.In early trade, the 30-share BSE Sensex increased by 134.64 points to reach a new all-time high of 78,188.16.
The Nifty increased to 23,749.50, up 28.2 points.Subsequently, though, both benchmark indices had volatile trends and fluctuated between highs and lows.Financial Services, IT, Media, and Private Banks were among the sectoral indices at the NSE that began in the green, while Auto, FMCG, Metal, Pharma, and PSU Banks were among those that opened in the red.Also Read: Stock market today: Trade setup for Nifty 50 to Budget 2024, five stocks to buy or sell on Wednesday — June 26UltraTech Cement, ICICI, NTPC, Bajaj Finance, Kotak Bank, Bajaj Finserve, Tata Motors, Hindustan Unilever, Adani Ports, Axis Bank, Bharti Airtel, ITC, and Reliance were among the companies that began on the BSE in the green, while Asian Paints, Titan, and Maruti Suzuki were among those that opened in the red.Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, pointed out that a common theme from seasoned investment gurus over the past six months has been that financials, especially largecap private banks, present possibilities for value acquisition.
Over the past several days, some of these bluechips have experienced the anticipated breakthrough. These stocks should hold up well since their FY25 Q1 results should be excellent.Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 25Nifty 50 continues to hold and make fresh all-time highs, week
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