Indian shares declined on Friday, with the Nifty 50 falling 0.8% and S&P BSE Sensex dropping 1%, driven by profit booking and weakness in IT stocks. US and European markets posted gains, with Wall Street rising on a softer-than-expected employment report and European shares driven by the technology sector. Technical indicators suggest a trend reversal in the Nifty, with stocks showing both bullish and bearish signals. Overall market sentiment favored bears, with more stocks ending in the red.
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0 posts last weekIndian Stock Market Hits New Highs on Strong Global Sentiments
The Indian stock market ended higher on Monday, with two out of three benchmark indices touching new peaks. The Nifty 50 index climbed to a new peak of 22,697, while the BSE Sensex hit a new high of 74,869. Auto stocks led the upside, with strong performances in the Realty and Energy sectors. Stock experts recommended buying stocks like TVS Motor, Torrent Power, Larsen and Toubro, Bharat Forge, NMDC, PI Industries, and Maruti Suzuki India.
read moreStock Market Experts Recommend Four Stocks to Buy or Sell Today
Stock market experts recommend buying Glenmark Pharmaceuticals, Data Patterns, Birlasoft, and IEX. Nifty 50 index is expected to touch 22,500 and 22,800 levels, while Bank Nifty may rise to 48,400 and 49,700 levels. Breakout stocks include IndusInd Bank, Kotak Bank, SBIN, Jamna Auto, Rico Auto, Bharat Forge, Tata Motors, Hindustan Copper, Jindal Steel, SAIL, and Tata Steel. Nifty Call Put Options data shows major open interest at 22500 and 22800 strikes, while Bank Nifty data indicates major open interest at 47500 and 48000 strikes.
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