Sensex, Nifty set for positive start on Oct 5; analysts name stocks to watch
Indian markets are expected to open higher on Monday, with GIFT Nifty signalling a positive start and brokerages naming stocks to track.
The Indian stock market is expected to open at a positive level today, October 5. GIFT Nifty has also signalled a positive start. Investors trading in the Indian market could therefore find opportunities to make gains today.
The global mood also looks favourable. Asian markets rallied on Monday, while American stock futures had closed higher on Friday of the previous week.
Investors may keep an eye today on the shares of HDFC Bank, Yes Bank, Hindustan Zinc, Bharat Coking Coal, RVNL, Punjab National Bank, DLF, Indian Bank, Bajaj Finance, IDBI Bank, Ola Electric Mobility, Nykaa, Bajaj Housing Finance, Vidhi, Infosys, Dr Reddy's Laboratories, Canara Bank, IREDA and ICICI Prudential Life Insurance.
Investors may also consider buying five IT sector stocks today: Mphasis, Coforge, Infosys, TCS and Persistent Systems.
Sumeet Bagadia, executive director at Choice Broking, has recommended five breakout stocks to buy today: Siemens Energy India (ENRIN), Aadhar Housing Finance, Styrenix, Tata Communications and Sudarshan Chemicals.
Ganesh Dongre of Anand Rathi has recommended three top stocks to buy today: HDFC Bank, Infosys and BEL.
Vaishali Parekh, vice-president of technical research at Prabhudas Lilladher, has also recommended three stocks for investors: HDFC Bank, NRB Bearings and Lalitha Jewellery Mart.
The information is based on the views of various analysts and experts. Investors are advised to consult qualified experts about the shares before making any investment decision.
