Indian equities tracking positive global cues ended higher on the last trading day of the week. Nifty at the close edged higher by 0.25% to 18,534, while broader markets on the other hand outperformed, with Nifty Midcap 100 ending 0.46% higher. “Now Nifty has to hold support of 18442 zones to witness an upmove towards 18666 and 18750 zones, while on the downside, support exists at 18442 and 18333 zones,” Chandan Taparia of Motilal Oswal Securities, said. Here are stock recommendations for Monday:
Mark Mobius still bullish on Indian banks, eyes defence and pharma sectors
Mark Mobius discusses investment strategies amidst geopolitical tensions and market dynamics. He highlights India’s potential, contingent on regulatory reforms, and identifies defense, IT, and pharmaceuticals
May 12, 2025