The Indian market closed lower due to muted global cues, with the S&P BSE Sensex falling nearly 700 points, and Nifty50 ending near 18,000 levels. Stocks that rose were ITI, Engineers India and TVS Motor Company. Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd, recommends that investors consider Engineers India and TVS Motor Company as buys, while ITI is a risky buy. According to the momentum indicator MACD and the RSI, both companies are showing positive signs and have a strong demand zone during any correction.
Indostar banks on improving asset quality, branch expansion for growth
Indostar Capital share price: Indostar Capital shares jumped 21% post-Q4 results on strong net interest income, better asset quality, and cost rationalisation. Focused expansion and