Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 51 points at the opening bell. On the macro front, India’s retail inflation eased again in September, government data showed on Tuesday. Consumer price inflation fell sharply to 4.35% in September from 5.3% in August. The Consumer Price Index-based (CPI) inflation was at 7.27% in September 2020. The Index of Industrial Production has risen 11.9% year-on-year for the month of August as against 11.5% in July, fresh data showed. Last year in August, the IIP had contracted 7.1%. Here are 5 money making ideas from technical analysts that may deliver good gains in the near term.
Recommendations by: Milan Vaishnav, Gemstone Equity Research and Advisory
Bank of Baroda | Buy | Stop loss: Rs 85 | Target price: Rs 96
Ashok Leyland | Buy | Stop loss: Rs 135 | Target price: Rs 146
ITC | Buy | Stop loss: Rs 235 | Target price: Rs 252
Recommendations by: Nilesh Jain, Centrum Broking
Divi’s Labs | Buy | Stop loss: Rs 5175 | Target price: Rs 5450
GNFC | Buy | Stop loss: Rs 467 | Target price: Rs 500
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The economy is recovering but GDP is expected to be only slightly larger than it was in pre-pandemic 2019-20.
The NIP will help augment India’s productive capacity, contribute to our overall growth and bring down the logistics costs, improving competitiveness
Diversification is key and should be followed for stable and steady returns in the long run.
There is a need to continuously facilitate trade and industry and provide thrust to the growth promising sectors of Indian economy.