Rupak De of LKP Securities maintains a bullish outlook on Nifty, anticipating a rise to 25,000-25,250 if it holds above 24,800. Despite Bank Nifty’s weakness, he recommends buying UNO Minda and Lupin, citing positive technical indicators. Conversely, De suggests selling Axis Bank due to bearish signals and its position below the 21 EMA.
Market Wrap: Sensex falls 142 points, Nifty holds 23,900; HDFC Bank shares tumble 3%
Indian stock market closed in the red, with benchmark indices Sensex and Nifty falling up to 0.2% as Iran-US tensions simmered and rupee declined. Broader
May 27, 2026