The Indian market closed in the red for the third consecutive day, with the S&P BSE Sensex falling over 200 points and the Nifty50 closing below 19600 levels. Stocks in the oil & gas, metal, telecom, FMCG, and energy sectors saw selling. Some stocks that performed well include Bombay Burmah Trading, Angel One, and Paytm, which hit fresh 52-week highs. Analysts recommend buying Bombay Burmah for long-term investment, Angel One for a positional target of 2490, and Paytm with a stop loss at 948.
Sebi board meeting: PMS rules overhaul, FPI commodity trades among key decisions to watch out
Sebi’s upcoming board meeting aims to discuss significant changes to portfolio management services and settlement regulations. Proposed revisions could allow discretionary portfolio managers to make