Top 5 stocks to buy: Hexaware, Sky Gold, Berger Paints, Mastek, Physicswallah by Sumeet Bagadia | Target price, stoploss

Stocks to buy today | Sumeet Bagadia stock recommendations today: The key benchmark indices of the Indian stock market extended their decline as a combination of tighter domestic monetary policy expectations, persistent foreign selling and renewed Oil-price pressure weighed on risk appetite. Brent crude rose sharply above $104 a barrel intraday following renewed Middle East tensions, reviving concerns over imported inflation. The US 10-year Treasury yield is holding near 5.3%, and further rupee weakness has added pressure by strengthening the relative appeal of dollar-based assets. Together, these factors raise the prospect of tighter financial conditions and elevated inflationary pressures persisting for longer.

Bank Nifty outperformed the Nifty and Sensex despite closing lower. The expected rate increase had already been substantially priced into financial stocks, while higher lending yields could temporarily support bank margins before deposit costs adjust. In contrast, selling in index heavyweights, consumer-oriented stocks and other rate-sensitive segments deepened the fall in the broader benchmarks. IT stocks provided limited support ahead of the TCS results, but could not offset the market-wide weakness.