Sensex Today | Stock Market LIVE Updates: Sensex gains 300 points, Nifty above 22,500; Kotak Bank rises 3%, Titan falls 3%
Sensex Today | Stock Market View: Prashanth Tapse, Senior VP (Research), Mehta Equities
Nifty is poised for a bullish start this Monday, buoyed by weaker-than-expected US jobs data, a dip in WTI oil prices, and a surge in Wall Street fueled by Apple’s stock repurchase plan. Market sentiment remains optimistic, supported by hopes of political continuity amidst ongoing general elections. However, concerns loom over inconsistent Q4 corporate earnings. Volatility is expected post-market open, with a focus on key earnings reports. Kotak Mahindra Bank’s robust performance stands out, while preferred trades include Nifty and Bank Nifty with specified targets and stop-loss levels. The stocks like COAL INDIA, TATA MOTORS, and NTPC are viewed favourably on corrective declines, while IRCTC emerges as a top pick for its momentum potential.