Gift Nifty points to a subdued start for Indian markets; stocks to watch on October 19
Gift Nifty signalled a sluggish opening on Monday after Asian markets fell, with analysts naming stocks to buy.
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Investors may need to be cautious today. Gift Nifty on October 19 pointed to a sluggish start, indicating that the market could open at a slow pace.
Asian markets fell on Monday. US stock futures showed a mixed trend on Sunday evening, local time.
On Friday, the Indian stock market had closed in positive territory for the second straight session. The Sensex rose by more than 400 points, while the Nifty 50 regained the 23,100 level.
Investors may keep an eye today on the stocks of Hindustan Zinc, IREDA, Bajaj Finance, L&T Technology Services, Union Bank, HDFC Bank, Axis Bank, ICICI Bank, Yes Bank, Vedanta, Oil India Limited, IDBI Bank, Ixigo and Zen Technologies.
Vaishali Parekh, Vice-President of technical research at Prabhudas Lilladher, has suggested three stocks to buy today: Coforge, Lalithaa Jewellery Mart and Titan. Ganesh Dongre, AVP for equity research at Anand Rathi, has picked Larsen & Toubro, Equitas Small Finance Bank and Bajaj Finance.
Chandan Taparia of Motilal Oswal Financial Services has also recommended three stocks. His picks include Mphasis, Hindustan Aeronautics Limited (HAL) and Indian Hotels Company.
Sumeet Bagadia, executive director at Choice Broking, has chosen three shares priced below Rs 100 to buy: IRFC, Motherson Sumi Wiring India and Lloyds Engineering Works. Bagadia has also recommended Bajaj Finance, Dr Reddy's Laboratories and Grasim Industries for purchase today.
Mehul Kothari of Anand Rathi has advised buying three shares: Equitas Small Finance Bank, UCO Bank and Suzlon Energy.
All this information is based on the views of various analysts and experts. Investors are advised to consult a certified expert about shares before making any decision.
