From Mint: 2024-04-29 20:38:10

Stock Market News: The Sensex and Nifty 50 opened positively on Monday, driven by financials after gains in SBI Life Insurance and ICICI Bank’s post-results. However, selling by FIIs due to rising US bond rates continues to impact market sentiment. On Friday, the Sensex and Nifty 50 fell due to selling pressure in banking and financial stocks amid global cues. The indices closed lower with Sensex at 73,730.16, down 0.82%, and Nifty 50 at 22,419.95, down 0.67%. Key economic data and global events will influence market trajectory, with a positive outlook for Indian equities. Bank Nifty is expected to challenge its all-time high of 49,000, with strong support at 47,300, and Tata Power Co and Oil India Ltd are recommended buys.



Read more at Mint: Top Stock Recommendations: Dharmesh Shah of ICICI Securities suggests buying Tata Power and Oil India today