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On Monday, Nifty 50 rose 0.64% to close near 24,722, snapping a two-day losing streak as investor sentiment improved amid hopes of a U.S. Fed rate cut following weak July jobs data. Metal and Auto stocks led the gains, with Hero MotoCorp and TVS Motor rallying after posting strong results.

However, IT stocks witnessed a pullback rally despite concerns over U.S.-India trade tensions and the global revenue outlook. Broader market indices saw modest gains, though sectoral breadth was mixed.

Taj GVK Hotels & Resorts (current market price: ₹432.20)

Buy: Kaynes Technology India Ltd. (KAYNES) —Current Price: ₹6,297

Target price: ₹6,440

Stop loss: ₹6,228

Buy: Hitachi Energy India Ltd. (POWERINDIA) —Current Price: ₹21,200

MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Trade name: William O'Neil India Pvt. Ltd. (Sebi Registered Research Analyst Registration No.: INH000015543

Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223.

Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441.

Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors.

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.

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