Top 2 stocks to buy for short-term: Sagility, Rain Industries by Nagaraj Shetti - Check stop loss, targets
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indian equity benchmarks closed lower on Wednesday, 14 October, as the Nifty 50 fell 0.44 percent.
- ✓Amid this market consolidation, analyst Nagaraj Shetti recommended buying Sagility at ₹45.60 and Rain Industries at ₹236.
- ✓He said, "The alternative candle pattern of bull and bear continued in the market for the fifth."
Story at a Glance
- Category
- MARKET
- Reported By
- Livemint
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Stock market today: Indian equity benchmarks closed lower on Wednesday, 14 October, as rising oil prices and sustained foreign investor outflows dampened sentiment following the previous session’s rally. Investors also assessed corporate earnings and awaited key US inflation data.
The Nifty 50 fell 0.44% to close at 22,622.70, while the Sensex declined 0.34% to 72,781.89. Eight of the 16 major sectors ended in the red, while the broader market also weakened, with small-cap and mid-cap indices falling 0.3% and 0.1%, respectively.
The decline followed a strong rebound on Tuesday, when the Nifty and Sensex gained around 1.6% each, led by IT stocks after HCLTech reported quarterly profit that exceeded expectations.
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