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Get latest articles and stories on Business at LatestLY. The market dynamics indicated a challenging start, with a notable number of companies registering declines. In the Nifty index, only five companies showed advances, while a significant 45 companies faced declines. Business News | Stock Market Opens on a Downturn Amid Global Uncertainties.
The benchmark indices shrugged off weak global trend to recoup early losses to trade marginally high on gains in financial names
Investors remain on a 'wait-and-watch' mode ahead of the start of the Q3 earnings season which is likely to provide fresh cues for market directions.
IT and pharma stocks wallowed in the pessimism list amid global and domestic headwinds, as per Moneycontrol’s Analyst Call Tracker for December.
Mileen Vasudeo says: “I am recommending two stocks here. One is Zydus Life which last time I had seen at Rs 730. Keep a stop loss of Rs 685, target would be Rs 769-797 levels. The second stock is by Divis Lab, currently trading at Rs 5,922. One can keep a stop loss of Rs 5,800 on the higher side. Yes, Rs 6,114-6,240 could be possible.”