Indian indices rise; Nifty 50 closes at 23,832; Analysts recommend stocks for next week
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- Market Action: Indian indices show positive movement with the NIFTY 50 at 23,813.40, up 0.27%, and SENSEX at 78,699.07, up 0.29%. The Nifty Bank index also increased by 0.27%, indicating a favorable market trend overall .
- Latest Updates on Indian Stock Market: The Nifty 50 index closed at 23,832, remaining range-bound below the 200-DEMA hurdle. Recommendations for buying Can Fin Homes, Dr Reddy's Laboratories, and Mahindra & Mahindra were made for the upcoming week .
- Indian Stock Market Updates: As of December 27, 2024, the NIFTY 50 index gained 63.20 points, while the NIFTY NEXT 50 index decreased by 608.70 points. The market capitalization is reported at 438.44 Lac Crs, equivalent to $5.12 Tn, with a mix of advances and declines on the NIFTY 50 .
- Positive Outlook on Indian Stock Market: Devina Mehra expresses optimism about Indian stocks, highlighting investment strategies in sectors like pharma and IT, while advising caution with small-cap stocks .
- Outlook 2025: Dhiraj Relli notes a cautiously optimistic outlook for the Indian stock market in 2025, with modest upside potential for Nifty 50 valuations. He emphasizes strong earnings growth in Banking, Financial Services, and IT sectors, while advising caution with small-cap stocks .
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