Stock Market Hits Record High Amid Mixed Cues, Analysts Bullish on Select Stocks

The stock market witnessed a historic high yesterday, defying the odds of falling European markets and mixed Asian cues. The Nifty 50 closed at a record high, with the BSE Sensex and Bank Nifty also showing resilience. Cash market volumes were slightly lower at ₹1.25 lakh crore on the NSE.

Analysts are optimistic about the near-term outlook for Nifty and Bank Nifty. According to experts from HDFC Securities and Asit C Mehta, the market’s uptrend remains intact, with potential further upside towards 24,900 for Nifty. Bank Nifty is holding above crucial support levels, suggesting a buy-on-dips strategy.

Today, a total of 34 listed companies are set to declare their quarterly results. Notable names include Infosys, Havells India, Polycab India, and several others. Market experts like Sumeet Bagadia and Ganesh Dongre have identified five key stocks for investors to consider: Suzlon, Tech Mahindra, Jindal Steel, Adani Total Gas, and Siemens.

Suzlon share is currently trading with bullish momentum, while Tech Mahindra showcases strength above key levels. Jindal Steel and Adani Total Gas have strong technical patterns supporting a potential uptrend, and Siemens is holding key support levels with upside potential.

Investors are advised to consult certified experts before making any investment decisions to mitigate risks and maximize returns in the current market environment.