Domestic benchmark indices, the Nifty 50 and the Sensex, had their best week since February, thanks to increases in metal and financial sectors. Despite finishing the week flat, the indices reached new all-time highs during the session. Analysts are optimistic about the market’s performance, with buyers confident amidst expectations of the continuation of the current regime in the general elections and falling oil prices.
For investors looking to buy stocks on Monday, three recommendations have been made by experts. Larsen & Toubro (L&T) is showing strong bullish signals and is advised to be purchased at the current market price with a target price of ₹3,860. Axis Bank is exhibiting a rounding bottom pattern and is recommended for purchase at ₹1,174 with a target of ₹1,270. Bharti Airtel is reflecting strong bullish momentum and is advised to be bought at ₹1,388.50 with a target of ₹1,490.
Investors are urged to consider these recommendations carefully and consult certified experts before making any investment decisions. The market outlook remains positive, and these stocks present attractive opportunities for further investment.
