On the occasion of India’s successful moon landing, the market witnessed a robust surge. Propelled by a rise in realty and PSE stocks, the market closed on a high note. Realty and PSE stocks emerged as the frontrunners, while some pressure was observed in energy, FMCG, and metal stocks. Seventeen out of 30 Sensex stocks and 31 out of 50 Nifty stocks recorded gains. Notably, 11 out of 12 Nifty Bank stocks exhibited buying interest.
Market Surges After India’s Successful Moon Landing
The Sensex registered a climb of 213 points, closing at 65,433, while the Nifty concluded at 19,444, marking a gain of 48 points. Furthermore, Nifty Bank witnessed a substantial surge of 486 points, ending the day at 44,479. In anticipation of the market’s closure, veteran experts proposed strategic stock bets on Bharat Forge, RBL Bank, RCF, and Gravita India.
Realty and PSE Stocks Lead the Surge
Chandan Tapadia, an expert from Motilal Oswal Financial, recommended purchasing Bharat Forge’s 1050 strike call for August expiry. He advised buying the call option around Rs 14.50, with a target of Rs 21 and a stoploss at Rs 9.
Rajesh Satpute of rajeshsatpute.com shared a Buy call for RBL Bank’s future from the F&O segment. He projected a target range of Rs 240-245, suggesting a buy entry at Rs 230 with a stoploss at Rs 226.
Sensex and Nifty Gain
Ruchit Jain from 5Paisa.com highlighted RCF as a promising stock based on chart analysis. Suggesting a buy at Rs 121, he advised placing a stoploss at Rs 116, projecting a potential rise to Rs 130.
Dharmesh Kant of Chola Securities recommended Gravita India as a midcap fund stock pick. Advising a buy at Rs 745, he projected a potential rise to 1008 if held in the medium to long term.