Best stocks to Buy: Axis Bank, Dr Reddy's Labs, Indus Towers - Sumeet Bagadia recommends for Tuesday | Target, stop-loss
New Delhi, Sept. 12 -- Sumeet Bagadia's share recommendations: The key benchmark indices of the Indian stock market extended their losing run to a fifth straight week, as a string of global headwinds kept sentiment fragile. Nifty50 slipped more than 2% to settle at 23,398, while the Sensex shed nearly 2.27% to close at 74781. Crude oil and the US 10-year bond yield remained the biggest overhang.
Brent oil held stubbornly close to the $105-a-barrel mark amid supply worries and lingering geopolitical tensions. For an economy that imports the bulk of its energy needs, costlier crude directly threatens the current account and keeps inflation risks alive.
Sumeet Bagadia, Executive Director at Choice Broking, believes the bias for the Indian ...
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