01 Nov , 2021 By : Kanchan Joshi
Equity benchmarks plunged for the third session on the trot on Friday as relentless selling by foreign funds and weakness in global markets sapped risk appetite. The BSE benchmark Sensex tumbled for the third straight session on Friday to close at 59,306.9, down 677 points. The 30-share index lost over 3.3% in three days. Similarly, the Nifty plunged 1.04% to close the session at 17,671.6.
Tech Mahindra was the biggest laggard in the Sensex pack on Friday, declining 3.53 per cent, followed by NTPC, Kotak Bank and IndusInd Bank. In contrast, UltraTech Cement, Dr Reddy's, Maruti, Tata Steel, Titan and ICICI Bank were among the winners.
On a weekly basis, the Sensex tumbled 2.49%, while the Nifty lost 2.44%. In the broader market, the BSE midcap index ended 0.16% higher, while the small cap gauge declined 0.38%.
SGX Nifty indicates a choppy start for the Indian stock markets on Monday. 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. Biocon: Buy biocon, Stop loss Rs335, Target Rs375-380
2. GMR Infra: Buy Gmrinfra, Stop loss Rs39, Target Rs42.40-44
Ravi Singhal, Vice Chairman, GCL Securities Limited
3. Sun Pharma: Buy sun pharma at Rs810, , Stop loss Rs788, Target Rs888
Manoj Dalmia, Founder and Director, Proficient Equities Limited
4. Tata Power: Buy Tata power at Rs215, Target Rs227, Stop loss Rs209
Ravi Singh, Head of Research & Vice President, ShareIndia
5. Adani Ent: Buy Adant Ent at Rs1,425, Target Rs1470, Stop loss Rs1,400
6. Ambuja Cement: Buy Ambuja Cement at Rs404, Target Rs412, Stop loss Rs400
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