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.