Market sees profit booking amid global uncertainty and stock-specific moves
Market activity saw profit booking following a 4% rally in the Nifty, supported by lower crude oil prices and easing foreign outflows, though uncertainty remains regarding the US-Iran ceasefire. The Nifty found support near 23,700, with resistance at 23,950–24,000. Specific stock recommendations included buying Bajaj Finserv and Century Plyboards based on growth prospects. Analysts point to continued FII outflows and global cues as headwinds. Meanwhile, specific stocks like Delhivery, Lodha Developers, REC Ltd, and Indian Energy Exchange were highlighted for potential buys. Sectoral strength was seen in Pharma due to US drug supply reports, while IT stocks faced pressure.
Source Coverage Analysis
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| Economic Times | 11 articles | 50.0% |
| Mint | 11 articles | 49.0% |
| Business Standard | 4 articles | 50.0% |
| Times of India | 3 articles | 48.0% |
| News18 | 2 articles | 53.0% |
| The Financial Express | 2 articles | 54.0% |
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