Stocks to buy or sell: Ajit Mishra of Religare Broking suggests strategies for three shares; do you own any?
New Delhi, Aug. 28 -- Domestic benchmark indices ended lower on Thursday, weighed by losses in heavyweight stocks across sectors amid mixed global cues. The index slipped below the 24,100 mark, ending at 24,090.85, losing 117 points, or 0.48%. The Sensex closed at 76,933.59, lower by 539 points, or 0.70%, on the monthly expiry day.
Ajit Mishra, SVP of Research at Religare Broking, highlighted that investor sentiment remained cautious amid mixed global cues, while firmer inflation data keep the US Fed rate-hike expectations alive.
The focus has now shifted to Federal Reserve Chair Kevin Warsh's remarks at the Jackson Hole symposium.
On the technical front, Mishra highlighted that Nifty is gradually narrowing down its consolidation range...
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