Stocks to Buy Today, August 28: The Indian stock market is expected to start on a higher note on Friday (August 28), as indicated by GIFT Nifty.
As of 8:15 am IST, GIFT Nifty traded 0.2 per cent, or 48.5 points, higher at 24,267.50. 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. (GIFT Nifty Today)
Ahead of the trading session, Vatsal Bhuva, Research Analyst at LKP Securities, has recommended a few stocks that could potentially deliver gains during Friday’s session.
Stocks to Buy Today
Here are the top stock picks suggested by Vatsal Bhuva, along with their target prices and stop-loss levels:
Jindal SAW Share Price Target
Vatsal Bhuva has recommended a buy on Jindal SAW, with a target price of Rs 344 and a stop-loss at Rs 290.
VA Tech Wabag Share Price Target
Vatsal Bhuva has recommended a buy on VA Tech Wabag, with a target price of Rs 2,350 and a stop-loss at Rs 2,020.
Asian Markets Today
Asian markets traded mixed on Friday (August 28), with most major indices posting gains.
Japan’s Nikkei 225 gained 0.8 per cent to 66,680. South Korea’s KOSPI traded about 1 per cent lower at 6,845.31, while Hong Kong’s Hang Seng ticked higher at 25,599. Meanwhile, China’s Shanghai Composite was up about 0.3 per cent at 3,967.68.
Stock Market on August 27
Benchmark indices Sensex and Nifty traded lower on Thursday (August 27), as selling in blue-chip HDFC Bank and persistent geopolitical uncertainty weighed on market sentiment.
The Nifty Bank index, which tracks the movement of the top 12 listed banks in the country, closed 273.80 points, or 0.47 per cent, lower at 57,509.95.
(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.)
