The country's stock market rose in the last trading session amid the repo rate announcement. The Sensex increased by 0.52 per cent or 447 points. As a result, the National Stock Exchange's main index stands at 85,712 points. Nifty50 rose by 0.59 per cent or 152 points and stands at 26,186 points. Compared to last week, the Sensex increased by only 5.7 points. However, Nifty50 declined by 16.5 points.
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Due to the repo rate cut, stocks of the country's banking and financial institutions are expected to perform well. Investors will also keep an eye on the US Federal Reserve meeting this week. The rupee's value against the dollar has fallen below 90. Experts believe the impact of the rupee movement will also be felt this week. In this situation, let's see which stocks they have recommended to watch.
Godrej Properties Limited: This company's stock has a consistent bullish pattern, it is reported. This stock's price is now 2,082 rupees. Its target price is 2,200 rupees, and the stop loss is 2,040 rupees.
United Spirits Limited: The alcohol manufacturing company's stock also currently has a bullish pattern. This stock's price is now 1,455 rupees. Its target price is 1,500 rupees, and the stop loss is 1,430 rupees.
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L&T Finance: This company's stock also maintains an uptrending pattern. Its daily chart shows positive candle formation. This stock's price stands at 309 rupees. Its target price is 325 rupees, and the stop loss is 302 rupees.
PNB Housing Finance: Market experts are also optimistic about this company's stock. Its price is 903 rupees. Its target price is 950 rupees, and the stop loss is 880 rupees.
{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.}
