Indian stock markets ended Friday’s session on a negative note, with profit booking in the latter half of the day erasing early gains. The Nifty 50 index closed 0.49% lower at 23,092.20 points, while the BSE Sensex fell by 0.43% to 76,190.46 points. Experts noted that the Nifty failed to breach the 23,350 resistance level, ending near 23,100. Market analyst Parekh suggested the index could find support around 22,900, with resistance at 23,300. The Bank Nifty is expected to move between 47,900 and 48,800 points.
Stocks to Watch:
- ABB India Ltd. – Sell at ₹6,154, target ₹5,950, stop-loss ₹6,250.
- Welspun Living Ltd. – Buy at ₹152, target ₹160, stop-loss ₹144.
- Exide Industries Ltd. – Sell at ₹369, target ₹350, stop-loss ₹378.
Investors should stay cautious and consider expert advice before making investment decisions.
Disclaimer: These recommendations are those of individual analysts and not Business Headline.
