Best 3 stocks to buy: Balrampur Chini, Bluestone, Kotak Bank by Vaishali Parekh | Target, stop-loss, Nifty prediction
AI Summary
The recent RBI rate hike and the shift to a 'calibrated tightening' stance have introduced a cautious sentiment in the Indian stock market, particularly affecting sectors like IT and Auto. Retail investors should closely monitor the Nifty 50's performance around the 22,000 to 23,000 range, as a decisive break in either direction could signal future market trends. The recommended stocks, particularly Kotak Mahindra Bank, may offer potential upside, but investors should remain vigilant given the current volatility.
Stocks to buy today | Vaishali Parekh's stock recommendations for today: The key benchmark indices of the Indian stock market opened sharply lower and remained under pressure as markets witnessed a sell-off following the RBI’s rate hike. The central bank raised rates by 25 basis points and shifted its stance to “calibrated tightening,” triggering a negative reaction across the benchmarks. Continued weakness in the rupee further weighed on investor sentiment.
The Nifty 50 declined 0.76% to close at 22,603, while the Sensex fell 0.59% to close at 72,638.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 07 October 2026.
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