Stock markets set for weak start today, experts pick these shares
Gift Nifty signals a flat to weak opening as analysts recommend caution and list stocks to watch.
The Indian stock market is likely to open in the red on Monday, September 28. Gift Nifty has also signalled a flat to weak start today. Given these signals from Gift Nifty, experts have advised caution while trading today, as the market is expected to open weak.
Sumeet Bagadia, Executive Director at Choice Broking, has suggested five stocks to buy under Rs 100. Bagadia's list includes Lloyds Enterprises, Bajaj Housing Finance, Bank of Maharashtra, GMR Airports and RBA. Besides this, for investors looking to buy shares for a short duration, Bagadia has also recommended three more stocks: Mahindra and Mahindra, Asian Paints and HCL Technologies.
Mehul Kothari, Deputy Vice President of the Technical Research Department at Anand Rathi, has also picked three stocks for the short term priced under Rs 200, including Tata Steel, South Indian Bank and Castrol India. Meanwhile, according to Ganesh Dongre, Assistant Vice President of the Equity Research Department at Anand Rathi, investors trading in the market today may consider buying six stocks: Cochin Shipyard, Voltas, BEL, Tata Steel, Axis Bank and Vedanta Aluminium Metal. In all, the two experts have together pointed investors towards six different stocks for today's trading.
Apart from these, other stocks that may draw investor attention in today's trading include Adani Power, SAIL, BCCL, Cedemac Mechatronics, Power Grid, Cupid, KPI Green Energy, Aequs, Unichem Labs, National Chemicals and Fertilizers, Sunteck Realty, Fortis Healthcare, Wheels India, Edelweiss Financial Services, Godrej Properties, CleanMax Enviro and Kamdhenu. Investors are expected to keep an eye on the shares of all these companies once the market opens today.
