Despite the strengthening of the Dow Jones and SGX Nifty, the Indian stock market saw a sharp trend on Wednesday. On Wednesday morning, the Sensex opened marginally higher at 60,134.56 but later saw a decline. The same was the case in Na Fitty. Earlier on Tuesday, at the end of the trading session, the Sensex and Nifty closed with a negative trend.
Reliance Stock Analysis:
On Tuesday, the market was in a loss due to the withdrawal of foreign institutional investors from the market and selling in Reliance Industries and bank stocks along with a weak trend in European markets. The Sensex fell 631.83 points to close at 60,115.48 points. At the same time, the Nifty also fell by 187.05 points to close at 17,914.15 points. Let's know the expert's opinion for Wednesday-
Divis Lab Stock Analysis:
Sumti Bagaria has advised to buy shares of Divi's Lab and Coal India at the current market rate. For the stock of Divi's Lab, he has asked to keep a target of Rs 3600 and a stop loss of Rs 3440. Similarly, you are advised to buy Coal India shares at market price and keep a target of Rs 222 to 225 and a stop loss of Rs 210.
Also Read - 16th Jan Market Sentiment for Nifty & Bank Nifty
Radico Khaitan & Cummins India Ltd. Stock Analysis:
Ganesh Dongre has given a buy rating to the shares of Radico Khaitan and Cummins India Ltd. You can buy Cummins India's stock at Rs 1448 and keep a target of Rs 1515 and a stop loss of Rs 1415. You can buy Radico's stock at Rs 1076 and keep a target of Rs 1130 and a stop loss of Rs 1045.
Coromandel & Tata Consumer Stock Analysis:
Vaishali Parekh has given a buy rate for the shares of Coromandel International and Tata Consumer. By buying Coromandel International's stock at Rs 901, a target of 935 and a stop loss of Rs 890 can be set. Similarly, Tata Consumer can be bought at Rs 769 and a target of 790 and a stop loss of 760 can be kept.
(Disclaimer: Investments in the stock market are subject to market risks, consult your advisor before making an investment decision.)
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