27 Oct , 2021 By : Kanchan Joshi
Equities rose on Tuesday in a volatile session, led by gains in metal and auto stocks as healthy corporate results and upbeat global cues reignited risk appetite after the recent spell of weakness. The bluechip NSE Nifty 50 index ended closed at 18,268.4, while the benchmark BSE Sensex rose 0.63% to 61,350.
Tata Steel topped the gainers' chart on the Sensex, spurting 3.92 per cent, followed by Titan, Nestle India, Bajaj Finance, Tech Mahindra, Kotak Bank and Reliance Industries. Heavyweight Reliance Industries accounted for around half of the benchmark's gains.
On the other hand, IndusInd Bank, ICICI Bank, PowerGrid, HUL, NTPC, Dr Reddy’s and Axis Bank were among the laggards, shedding up to 1.92 per cent. The metals index rose 2.9%, lifted by higher steel prices, while the auto index gained 2%.
SGX Nifty indicates a choppy opening for the Indian stock markets on Wednesday. Singapore Nifty (SGX Nifty) is the Indian Nifty that is traded in the Singapore Stock Exchange and is taken as to be a likely first indication of the Indian markets opening.
Stocks to buy today as recommended by analysts
Sumeet Bagadia, Executive Director at Choice Broking
1. BEL: Buy BEL, Stop Loss Rs200, Target Rs212-215
2. Aurobindo Pharma: Buy Auropharma, Stop Loss Rs680, Target Rs720-730
Manoj Dalmia, Founder, and Director, Proficient Equities Limited
3. Nippon Electricals: Buy India Nippon Elect at Rs432, Target Rs465, Stop Loss Rs419
Ravi Singhal, Vice Chairman, GCL Securities Limited
4. IDFC First Bank: Buy IDFC First Bank Rs53, Stop Loss Rs52, Target Rs57
Ravi Singh, Head of Research & Vice President, ShareIndia
5. BHEL: Buy BHEL at Rs71, Target price, Rs76, Stop Loss Rs69.50
6. Tata Chemical: Buy Tata Chemical at Rs1000, Target price Rs1150, Stop Loss Rs950
0 Comment