Top 3 buy or sell stocks: Vedanta, DLF, Aegis Logistics by Vaishali Parekh | Target, stoploss, Nifty, Bank Nifty outlook
New Delhi, Sept. 30 -- Vaishali Parekh's stock recommendations: The key benchmark indices of the Indian stock market remained under pressure despite stronger-than-expected domestic industrial output, as Brent crude neared $105 a barrel and the US 10-year bond yield, around 5.25%, continued to present a challenging backdrop for domestic risk assets.
Elevated crude prices threaten to add to inflationary pressures and weigh on the rupee, while higher US Treasury yields increase the relative attractiveness of dollar-denominated assets. Unless both begin to moderate, foreign portfolio flows could remain subdued, and recovery attempts may struggle to gain lasting traction.
Vaishali Parekh, Vice President - Technical Research at Prabhudas Lill...
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