Stocks to buy under ₹200: Tata Steel, South Bank, Castrol by Mehul Kothari of Anand Rathi | Target, SL, market outlook
AI Summary
The recent volatility in the Indian stock market, marked by a seven-week decline in the NIFTY 50 index, highlights a critical juncture for retail investors. With key support levels around 23,000 for NIFTY and 55,000 for Bank Nifty, investors should remain cautious but vigilant, as a stabilization above these thresholds could signal a potential recovery. Given the current macroeconomic pressures, including rising US bond yields and crude oil prices, investors should prepare for continued volatility while monitoring these technical levels closely for signs of a turnaround.
Mehul Kothari's stock picks under ₹200: The Indian stock market witnessed a volatile, net-negative week from September 21–25, 2026. Markets started on a positive note on bargain hunting but remained mixed through mid-week before witnessing a sharp sell-off on Thursday, with the NIFTY 50 index falling nearly 384 points to 23,063, its lowest level in several months.
Rising US bond yields, crude oil moving above $100, a weaker rupee and broad-based selling in financial stocks weighed heavily on sentiment, while India VIX surged sharply. Markets recovered marginally on Friday, but the rebound was not enough to offset the previous day’s losses. Overall, the NIFTY 50 and Sensex ended the week lower, with global yields, elevated crude prices, and risk-off sentiment remaining key concerns.
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Published on Livemint
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