Indian benchmark equity indices closed higher on Friday led by IT stocks, after firm U.S. economic data allayed fears of a recession in the world’s largest economy. The S&P BSE Sensex closed 1.68% higher at 80,436, while the NSE Nifty50 index ended above the 24,500 level.”In the near term, Nifty may continue consolidating within the 24300-24550 range. Only a decisive move above 24550 could trigger a directional up move in the index. A buy-on-dips strategy may be more effective unless Nifty decisively falls below 24300,” said Rupak De of LKP Securities.Here are 8 stock recommendations for Monday: Indian benchmark equity indices closed higher on Friday led by IT stocks, after firm U.S. economic data allayed fears of a recession in the world’s largest economy. The S&P BSE Sensex closed 1.68% higher at 80,436, while the NSE Nifty50 index ended above the 24,500 level.”In the near term, Nifty may continue consolidating within the 24300-24550 range. Only a decisive move above 24550 could trigger a directional up move in the index. A buy-on-dips strategy may be more effective unless Nifty decisively falls below 24300,” said Rupak De of LKP Securities.Here are 8 stock recommendations for Monday: Economic Times
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