Sumeet Bagadia's top 3 stocks to buy: HDFC Life, Cummins India, CG Power
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Nifty 50 index finished at 22,421, marking a weekly loss for the eighth straight session.
- ✓Sumeet Bagadia said, “The short-term structure continues to show weakness.” Amid this market sell-off, the expert recommended buying HDFC Life, Cummins India, and CG Power.
- ✓Investors now watch the 22,200 support level for future trends.
Story at a Glance
- Category
- MARKET
- Reported By
- Livemint
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Sumeet Bagadia's stock/share recommendations: The key benchmark indices of the Indian stock market continued to bear the brunt of sharp foreign fund outflows and rising US bond yields amid the raging conflict in the Middle East. Investors are also perturbed by elevated crude oil prices and the resultant decline in the rupee against the dollar, leading to a broad market sell-off in domestic equities, although IT shares bucked the downward trend after the recent correction.
The Nifty 50 index finished at 22,421, logging a weekly loss for the eighth straight session, whereas the BSE Sensex fell nearly 2000 points. The Bank Nifty index finished at 54,450. All three key benchmark indices witnessed strong selling throughout the truncated week.
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