GIFT Nifty points to a firm start for Indian markets on Tuesday; experts name stocks to buy
GIFT Nifty signals a good start for Indian indices on Tuesday, 6 October, with Asian markets also higher and oil supply worries easing.
GIFT Nifty on Tuesday, 6 October, signalled a good start for Indian indices, suggesting the Indian stock market may open in the green today.
Asian markets also stayed firm on Tuesday, while US stock futures closed higher on Monday. Easing concerns over oil supply and positive signals from global markets encouraged investors to return to equities.
According to experts, investors may keep an eye on several companies today. These include Vedanta, IREDA, Axis Bank, Kotak Mahindra Bank, Trent, Marico, Narayana Hrudayalaya, IndusInd Bank, Juniper Hotels and Zydus Lifesciences.
Vishnukant Upadhyay of Master Capital Services and Hitesh Tailor of Choice Broking have recommended six stocks for investors to buy over the next one to two weeks. Upadhyay's picks are Azad Engineering, Kirloskar Oil Engines and Aditya Infotech. Tailor's choices are Thyrocare Technologies, Carborundum Universal and Mishra Dhatu Nigam (Midhani).
Sumeet Bagadia, executive director at Choice Broking, has suggested five breakout stocks to buy in today's trade: AU Small Finance Bank, Poonawalla Fincorp, Groww, Graphite India and Usha Martin.
Chandan Taparia has recommended two stocks for investors trading in the Indian market, advising them to buy the 27 October futures of FSN E-Commerce Ventures and Life Insurance Corporation of India.
The information is based on the views of various analysts and experts. Investors are advised to consult certified professionals before making any decision to invest in shares.
