Sumeet Bagadia's stock picks for Monday - Mahindra And Mahindra, Asian Paints, HCL Tech | Target, SL, market outlook
New Delhi, Sept. 26 -- Sumeet Bagadia's stock recommendations for Monday: The key benchmark indices of the Indian stock market remained volatile during the week, with the Nifty 50 index extending its weekly losing streak to seven consecutive weeks, marking its longest such losing run in six years. The benchmark came under significant selling pressure on Thursday, when the Nifty 50 index declined 1.64%, before recovering modestly on Friday amid value buying. Despite the late-week recovery, the 50-stock index closed the week down around 0.88% from the previous Friday's close.
The global bond market continued to add pressure, with the US 10-year Treasury yield moving above 5.10% during the week. Elevated yields continue to tighten global fi...
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