6 stocks to buy today – January 7

The indices closed a four-session rally on Thursday driven by tech and real estate stocks. The 30-stock BSE Sensex lost 621.31 points or 1.03% to close the session at 59,601.84. Likewise, the NSE Nifty index plunged 179.35 points or 1% to 17,745.90.

Nifty’s real estate and IT index fell the most among sector indices, losing 1.5% each, while bank stocks ended a strong rally to fall 0.6%. In terms of value, RIL, twins HDFC and Infosys accounted for more than half of the benchmark’s losses. Tech Mahindra was the most lagging behind, followed by UltraTech Cement, Reliance Industries, HCL Tech, the HDFC twins, Kotak Bank and Infosys.

Foreign institutional investors remained net buyers in the capital market on Wednesday as they bought stocks worth ??336.83 crore, according to trade data.

Analysts recommend buying / selling these stocks today –

Sumeet Bagadia, Executive Director, Choice Brokerage

IndusInd Bank: Buy IndusInd Bank, target ??950-975, stop loss ??890

Dabur: Buy Dabur, target ??590-600, stop loss ??570

Mudit Goel, Senior Research Analyst, SMC Global Securities

Tata Power: Buy Tata Power, price target ??236, stop loss ??224

Trent: Buy Trent, target price ??1,100, stop loss ??1,070

Avinash Gorakssakar, Head of Research at Profitmart Securities

UPL: Buy UPL on ??781, target of ??815, stop-loss of ??765

Bank of Baroda: Buy Bank of Baroda on ??86.7 with objective of ??93, Stoploss from ??83.50

The opinions and recommendations expressed above are those of individual analysts or brokerage firms, not Mint.

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