Stocks to BUY Today, August 10: The Indian stock market is expected to start on a weaker note on Monday (August 10), as indicated by the GIFT Nifty. As of 8:15 am IST, the GIFT Nifty was trading 0.2 per cent, or 59 points, lower at 24,660.50. (Gift Nifty Today)
The GIFT Nifty is a pre-market indicator for the Nifty 50 and often signals whether the benchmark index is likely to open higher, lower or flat based on global market cues.
Ahead of the trading session, SEBI-registered research analyst Kunal Bothra has recommended a few stocks that could potentially generate gains for investors during today’s session.
Stocks to Buy
Here are the top stock picks suggested by Kunal Bothra, along with their target prices and stop-loss levels:
Hindalco Industries Share Price Target Today
According to Kunal Bothra, Hindalco Industries has a target price of Rs 1,088, with a stop-loss at Rs 1,036.
Stocks to BUY Today |
Target |
Stop Loss |
| Hindalco Industries | Rs 1,088 | Rs 1,036 |
| Mahindra & Mahindra (M&M) | Rs 3,600 | Rs 3,440 |
- Support: 24,300
- Resistance: 24,700
Asian Markets Today
Asian markets traded mixed on Friday (August 7), with major indices showing varied trends.
Japan’s Nikkei 225 slipped over 2 per cent to 66,920. South Korea’s KOSPI traded about 1 per cent higher at 6,314.49, while Hong Kong’s Hang Seng edged 0.7 per cent higher to 25,857.50.
Meanwhile, China’s Shanghai Composite rose 0.2 per cent to 3,948.76.
Stock Market on August 7
Indian benchmark indices closed lower on Friday, ending a two-day recovery. The Sensex fell 455.59 points to 78,499.17, while the Nifty declined 65.35 points to close at 24,570.65.
The indices were dragged down by losses in bank and financial stocks, while crude oil prices remained above the USD 80-per-barrel mark.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
