Weekly Stock picks: ICICI Direct suggests these two shares to buy or sell this week

livemint.com:

Indian stock market: The Indian stock market indices, Sensex and the Nifty 50, ended Tuesday, April 30, trading session in negative, attributed to a late-session selloff influenced by weak global cues. The stock market remained closed on Wednesday, May 1 on account of Maharashtra Day. On Tuesday, Sensex concluded the session 189 points lower, representing a decrease of 0.25 percent, settling at 74,482.78, while the Nifty 50 ended the day at 22,604.85, marking a decline of 39 points, or 0.17 percent.

Throughout the month, both the Sensex and the Nifty saw a one percent increase. In contrast, robust gains were observed in the mid and small-cap segments, with the BSE Midcap index rising by 7 percent and the Smallcap index surging by 10 percent in April. Also Read: Breakout stocks: REC, Gokaldas Exports to Astral — Sumeet Bagadia recommends 5 stocks to buy or sell on Thursday — May 2 “Equity benchmark overcame Fridays losses and headed higher on Monday to start the week on optimistic note.

The BankNifty index spearheaded the rally leading benchmark Nifty to gain 1% to close at 22643. A/D ratio was almost flattish for the session as broader markets consolidated recent gain. Our positive stance only gets substantiated by recent price behaviour as dips are attracting elevated buying demand.