After a tough few days, the Indian stock market showed signs of recovery on Friday. The Nifty 50 index went up by 104 points, closing at 24,854. The BSE Sensex gained 218 points to end at 81,224, and the Bank Nifty index rose by 805 points, closing at 52,094. The trading volume on the NSE increased by 4.2%, indicating more buying interest, even though the overall market performance was mixed.
Expert Recommendations for Stocks to Buy
Sumeet Bagadia, Executive Director at Choice Broking, believes that Friday’s upward movement could be a temporary relief. He warns that the Nifty 50 still needs to break through the important 25,000 mark to signal a more positive trend. Bagadia suggests focusing on individual stocks during this earnings season.
Here are three stocks he recommends buying on Monday:
- ICICI Bank
- Buy Price: ₹1264.50
- Target Price: ₹1333
- Stop Loss: ₹1212
- JSW Steel
- Buy Price: ₹992.60
- Target Price: ₹1050
- Stop Loss: ₹960
- HDFC Life
- Buy Price: ₹742.45
- Target Price: ₹790
- Stop Loss: ₹715