Indian Stock Market Analysis: Tuesday’s Positive Start and Expert Recommendations
<p>The Indian stock market commenced Tuesday on a positive note, witnessing an encouraging start across major indices. The prominent index, Sensex, initiated the day with an uptick of 253.45 points, marking a 0.39% increase at 65,908.60 levels. Simultaneously, the Nifty opened at 19,768.70, displaying a growth of 74.70 points, equivalent to a 0.38% rise. Furthermore, […]</p>
Indian Stock Market Analysis: Tuesday’s Positive Start and Expert Recommendations
The Indian stock market commenced Tuesday on a positive note, witnessing an encouraging start across major indices. The prominent index, Sensex, initiated the day with an uptick of 253.45 points, marking a 0.39% increase at 65,908.60 levels. Simultaneously, the Nifty opened at 19,768.70, displaying a growth of 74.70 points, equivalent to a 0.38% rise. Furthermore, the Nifty Bank started at 43,746.30, showcasing an increase of 161.35 points, reflecting a 0.37% upsurge.
Analyzing Market Movement
In the early trading session on Tuesday, the Nifty’s top gainers comprised Hindalco, Tata Steel, Adani Enterprises, JSW Steel, and Bajaj Finserv. These stocks exhibited an upward momentum ranging from 0.63% to 1.89%.
Conversely, the list of Nifty’s weakest performers included Coal India, ONGC, Tata Consumer Products, Divi’s Labs, and Cipla, witnessing a decline ranging from 0.32% to 3.39%.
Expert Recommendations and Technical Analysis
Market experts have provided insights based on technical charts for five stocks, namely Grasim, Torrent Pharma, Bharti Airtel, Bharat Forge, and Wipro.
Expert Calls:
Prakash Gaba’s Pick: Grasim
Recommendation: Buy
Target: ₹2000 per share
Stop Loss: ₹1950 per share
Kavita Jain’s Pick: Torrent Pharma
Recommendation: Buy
Target: ₹2170/2180 per share
Stop Loss: ₹2095 per share
Manas Jayaswal’s Pick: Bharti Airtel
Recommendation: Buy
Target: ₹978 per share
Stop Loss: ₹953 per share
Rajesh Satpute’s Pick: Bharat Forge
Recommendation: Buy
Target: ₹1100/1120 per share
Stop Loss: ₹1050 per share
Ashish Baheti’s Pick: Wipro
Recommendation: Buy
Target: ₹410 per share
Stop Loss: ₹394 per share
Analyzing Market Trends and Expert Opinions
The positive opening of the Indian stock market on Tuesday showcased promising movements across key indices. This optimistic trend witnessed in the Sensex, Nifty, and Nifty Bank highlights the potential for favorable market activities.
Moreover, the division between top gainers and decliners within the Nifty indicates the dynamic nature of the market, providing traders and investors with diverse opportunities.
