After six consecutive sessions of gains, Indian benchmark indices — Sensex and Nifty — declined on Friday as investors booked profits at higher levels amid uncertainty over the US-China trade deal and a sharp rise in crude oil prices. Banking stocks led the fall, with HDFC Bank contributing nearly half of the overall decline.
The Sensex closed 344.52 points, or 0.41%, lower at 84,211.88, while the Nifty 50 slipped 96 points, or 0.37%, to settle at 25,795.15.
Sumeet Bagadia, Executive Director at Choice Broking, noted that market sentiment remains cautiously positive as Nifty 50 holds above the key support level of 25,500. He recommended five breakout stocks for investors to consider today:
- Garware Hi-Tech Films: Buy ₹3,714 | Target ₹3,980 | Stop loss ₹3,570
- Cholamandalam Financial Holdings: Buy ₹2,012 | Target ₹2,160 | Stop loss ₹1,945
- CreditAccess Grameen: Buy ₹1,422 | Target ₹1,520 | Stop loss ₹1,370
- Senores Pharmaceuticals: Buy ₹768 | Target ₹825 | Stop loss ₹744
- Bhageria Industries: Buy ₹236 | Target ₹253 | Stop loss ₹227
