Expert Analysis: Vaishali Parekh’s Top Three Stock Recommendations for Today, May 6 – A Deep Dive into Coin Performance and Symbols
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- Despite strong global market sentiments, the Indian stock market ended lower on Friday, with the Nifty 50 index and the BSE Sensex both dropping from their lifetime highs.
- Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, has recommended three stocks to buy today — Torrent Pharma, BEML, and Bombay Dyeing.
- The overall market trend is expected to remain bullish, with Nifty’s immediate support placed at 22,300 levels and resistance at 22,600.
Indian stock market ends lower despite strong global sentiments, with expert recommendations on stocks to buy today.
Indian Stock Market Performance
Despite strong global market sentiments, the Indian stock market ended lower on Friday. The Nifty 50 index ended 172 points lower after reaching a new peak of 22,794, and the BSE Sensex dropped 732 points from its lifetime high of 75,124. The Bank Nifty index also saw a significant decline of 307 points, closing at 48,923. In the broader market, the small-cap index finished 0.55 per cent lower after reaching a new peak of 47,678, and the mid-cap index ended 0.21 per cent lower after touching a new high of 42,774.
