India Share Market Update: On September 1, major indices of the Indian stock market, Sensex and Nifty 50, are expected to start flat to negative today. The trend in Gift Nifty also indicated a sluggish start for the Indian benchmark index. Gift Nifty was trading at around 24,197.5 points, down 54 points from the previous closing price of Nifty futures.
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In the previous session, domestic stock indices closed in the negative, while the benchmark Nifty 50 closed below the 24,100 level. The Sensex closed down 307.24 points, or 0.40 percent, at 76,957.27, while the Nifty 50 fell 95.25 points, or 0.39 percent, to settle at 24,080.40.
Chandan Taparia, Head, Derivatives & Technicals, Wealth Management Division, Motilal Oswal Financial Services Limited, recommends three stocks for investors to buy today. Stocks picked by Chandan Taparia include shares of Sona BLW Precision Forgings, Aurobindo Pharma and Grasim Industries. Choice Broking Executive Director Sumeet Bagdia today recommended five breakout stocks for investors to buy namely Lumax Auto Technologies, Vijaya Diagnostic Centre, Tamil Nadu Mercantile Bank, EPL and Sunsera Engineering.
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Sumeet Bagdia of Choice Broking, Ganesh Dongre of Anand Rathi and Shiju Kuthupalakkal of Prabhudas Lilladhar have recommended eight stocks for investors to buy and sell in today's trade. These stocks picked by experts include Lenskart Solutions, Piramal Finance, Blue Star, TVS Motor Company, Cipla, Fujiyama Power Systems, Greaves Cotton, Computer Edge Management Services. Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladhar today recommended shares of Ujjivan Small Finance Bank, BHEL and CAMS to buy and sell for investors.
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