Stock market rebounds, Nifty 50 index hits new peak, Bagadia recommends Cipla, Wipro, Coal India

From Mint: 2024-07-28 04:38:25

1. Indian stock market rebounds: The Nifty 50 index surged 428 points, hitting a new peak of 24,861, while the BSE Sensex jumped 1,292 points to close at 81,332. Small-cap index rose by 1% and mid-cap index by 2.12% on Friday after five consecutive days of losses.

2. Stock recommendations by Sumeet Bagadia: With the Nifty 50 index above 24,850, Bagadia predicts targets of 25,000 and 25,400 once breached. Immediate support levels stand at 24,650 to 24,700.

3. Stocks to watch: Cipla, Wipro, and Coal India are recommended buys by Bagadia, with specific entry points, stop losses, and targets provided for each stock.

4. Detailed analysis on Cipla, Wipro, and Coal India: Technical indicators, trends, support levels, and trading strategies provided for each stock, offering insights for potential investors.

5. Disclaimer: Recommendations are individual analyst views, not endorsed by Mint; investors advised to consult certified experts before making investment decisions.



Read more at Mint: Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday — July 29