Stocks to BUY Today, August 17: The Indian stock market is expected to start on a slightly weaker note on Monday (August 17), as indicated by the GIFT Nifty, while gains in some Asian markets could lend support to domestic equities.
As of 8:23 am IST, the GIFT Nifty was trading 0.1 per cent, or 21.5 points, lower at 24,400. 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. (GIFT Nifty Today)
Ahead of the trading session, SEBI-registered research analyst Kunal Bothra has recommended a few stocks that could potentially generate gains for investors during Monday’s session.
Stocks to Buy
Here are the top stock picks suggested by Kunal Bothra, along with their target prices and stop-loss levels:
Asian Markets Today
Asian markets traded positive on Monday (August 17), with major indices showing varied trends.
Japan’s Nikkei 225 traded flat at 68,718, while Hong Kong’s Hang Seng traded 1.6 per cent lower at 25,520.50 and China’s Shanghai Composite rose 0.6 per cent to 3,951.20. South Korea’s KOSPI was closed today on the occasion of a public holiday commemorating Liberation Day.
Stock Market on August 14
The Indian stock market closed modestly lower on Friday, with the benchmark indices Sensex and Nifty recording slight losses after oil prices gained following reports that the United States may continue the naval blockade at the Strait of Hormuz for an indefinite period, raising concerns about energy supplies and inflation.
(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.)
