07 Jan , 2022 By : Kanchan Joshi
Indices snapped a four-session rally on Thursday dragged by technology and realty stocks. The 30-share BSE Sensex slumped 621.31 points or 1.03% to close the session at 59,601.84. Similarly, the NSE Nifty plunged 179.35 points or 1% to 17,745.90.
Nifty's realty and IT index fell the most among sectoral indexes, losing 1.5 percent each, while banking stocks ended a sharp rally to decline 0.6%. In value terms, RIL, HDFC twins and Infosys accounted for over half of the benchmark's losses. Tech Mahindra was the top laggard, followed by UltraTech Cement, Reliance Industries, HCL Tech, HDFC twins, Kotak Bank and Infosys.
Foreign institutional investors remained net buyers in the capital market on Wednesday, as they purchased shares worth Rs336.83 crore, as per the exchange data.
Analysts recommend these stocks to buy/sell today -
Sumeet Bagadia, Executive Director, Choice Broking
1. IndusInd Bank: Buy IndusInd Bank, target Rs950-975, stop loss Rs890
2. Dabur: Buy Dabur, target Rs590-600, stop loss Rs570
Mudit Goel, Senior Research Analyst, SMC Global Securities
3. Tata Power: Buy Tata Power, target price Rs236, stop loss Rs224
4. Trent: Buy Trent, target price Rs1,100, stop loss Rs1,070
Avinash Gorakssakar, Head of Research at Profitmart Securities
5. UPL: Buy UPL at rs781, target of Rs815, stoploss of Rs765
6. Bank of Baroda: Buy Bank of Baroda at Rs86.7 with target of Rs93, Stoploss of Rs83.50
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