Indian stock market closes lower with Nifty 50 down 269 points, Bank Nifty down 355 points.

From Hindustan Times: 2024-07-20 21:39:59

The Indian stock market closed lower due to weak global trends, with Nifty 50 correcting 269 points and Bank Nifty nosediving 355 points. Tech outages down 8.8% affected NSE cash market volumes. Sumeet Bagadia predicts a bearish sentiment if Nifty breaches 24,200 support. He recommends buying stocks like Glenmark Pharmaceuticals, Colgate Palmolive, and Asian Paints. Bagadia suggests buying Glenmark at ₹1412.95 with a target of ₹1525. For Colgate Palmolive, buy at ₹3120.95 with a target of ₹3370. For Asian Paints, buy at ₹2946 with a target of ₹3190. Technical analysis indicates potential for gains but advises consulting experts before investing.



Read more at Hindustan Times: Buy or sell: Sumeet Bagadia recommends these three stocks to buy on Monday — July 22