Moneycontrol News
The Nifty50 finally hit a fresh record high for the first time since January 29 and ended at all-time closing high on the day of July futures and options (F&O) contracts expiry Thursday, though it dropped in the red in last hour of trade.
The index formed a small bullish candle on the daily charts. The market shrugged off weakness in Asian peers.
The rally was majorly driven by banking & financials space as the Nifty Bank index gained 1.4 percent and Financial Services 1.7 percent. PSU Bank gained the most among sectoral indices, rising 5.5 percent, especially after Canara Bank earnings.
Rajesh Agarwal of AUM Capital
Buy Housing Development Finance Corporation with a stoploss of Rs 1,990 and target Rs 2,060
Buy Power Grid Corporation of India with a stoploss of Rs 178 and target Rs 188
Buy Cipla with a stoploss of Rs 619 and target Rs 639
Buy Bharti Airtel with a stoploss of Rs 352 and target Rs 366
Buy Axis Bank with a stoploss of Rs 532 and target Rs 554
Hadrien Mendonca of IIFL
Buy SBI with a stoploss of Rs 276 and target Rs 315
Buy Motherson Sumi with a stoploss of Rs 294 and target Rs 342
Buy Pfizer with a stoploss of Rs 2,577 and target Rs 2,880
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
