Best 3 stocks to buy: Balrampur Chini, Bluestone, Kotak Bank by Vaishali Parekh | Target, stop-loss, Nifty prediction
New Delhi, Oct. 7 -- Stocks to buy today | Vaishali Parekh's stock recommendations for today: The key benchmark indices of the Indian stock market opened sharply lower and remained under pressure as markets witnessed a sell-off following the RBI's rate hike. The central bank raised rates by 25 basis points and shifted its stance to "calibrated tightening," triggering a negative reaction across the benchmarks. Continued weakness in the rupee further weighed on investor sentiment.
The Nifty 50 declined 0.76% to close at 22,603, while the Sensex fell 0.59% to close at 72,638.
On the sectoral front, PSU Banks and Media were the key gainers, while Metal, Realty, Auto and IT remained the major laggards. The broader market remained mixed, with...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.