Key Points
Buy or sell stocks for today: Following weak global market sentiments on soaring crude oil prices due to heightened tensions in the Middle East, the Indian stock market ended lower for the fourth straight session..
The Nifty 50 index lost 183 points and closed at 22,704, the BSE Sensex finished 667 points lower at 74,502 whereas the Bank Nifty index crashed 640 points and ended at 48,501..
Regarding stocks to buy today, Vaishali Parekh recommended three buy or sell stocks for today: NHPC, Dr Reddy's Laboratories, and Ambuja Cements...
On the outlook for Nifty today, Vaishali Parekh said, "The Nifty 50 index ended on the losing side once again for the last three consecutive sessions ending near the 22,700 zone with bias turning weak and has the next crucial support zone maintained near 22,500 zone which needs to be sustained as of now..
"The Bank Nifty index, after resisting near the 49700 zone, has slipped down with bias turning weak and has the important support level near the 50EMA zone at around 48,000 levels..
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