India's stock market tumbled on the very first trading day of the week. The Indian stock market took a direct hit following Prime Minister Narendra Modi's comments. He advised citizens to postpone gold purchases for at least one year to keep foreign currency reserves secure. He recommended avoiding unnecessary foreign travel and reducing petrol-diesel usage. The stock market saw a decline immediately after this.
On May 11, the Nifty 50 index fell 360.30 points to close at 23,815.55 points. BSE Sensex dropped 1312.91 points to close at 76,015.28 points. Bank Nifty also took a hit. In this situation, what advice is SEBI-registered research analyst Sudip Brahmachary (Sudip Brahmachary, INH000011042) giving for May 12?
Also Read | Gold stocks tumble after PM Modi urges Indians to avoid buying gold for a year
May 12, 2026: For Intra-day
TVS Motor Company Ltd (TVSMOTOR)
Buy: 3660. Stop Loss: 3660. Target: 3690
For this day, keeping short options in mind, Sudip Brahmachary (SUDIP BRAHMACHARY) has recommended several stocks.
Axis Bank Ltd (AXISBANK)
Sell: Below 1266, Stop Loss: 1276, Target: 1255
Glenmark Pharmaceuticals Ltd (GLENMARK)
Sell: Below 2327, Stop Loss: 2345, Target: 2305
Also Read | Why PM Modi wants Indians to stop buying gold for a year
Force Motors Ltd
Sell: Below 20477, Stop Loss: 20849, Target: 20050
{News Ei Samay does not provide investment advice anywhere. Investment and trading in the share market or any field involve risk. Proper study and expert advice are recommended beforehand. This news is published for educational and awareness purposes.}
