Indian equity benchmarks closed lower due to profit booking and a slump in the global markets. The auto and IT sectors gained slightly but banking, financials, and metal stocks fell. South Indian Bank rose by 9.57%, HUL gained 0.88% and Sobha rose nearly 7%. Kotak Securities’ VP of Technical Research, Amol Athawale, suggests buying South Indian Bank above Rs 18 as the stock has formed a promising price volume breakout formation. Athawale also recommends buying HUL on dips and buying Sobha as the stock is comfortably trading above the 20-day SMA.
Sectoral & thematic mutual funds ruled return charts. Check out top performer
Sectoral and thematic mutual funds have ruled the return chart last week and offered upto 3% return in the same period. Here are top five
June 1, 2025