Nifty outlook for Feb 12: Index consolidates near 25,950 amid mixed sectoral trends. Ajit Mishra recommends Glenmark Pharma, Nippon Life and TVS Motor as stocks to buy today.
Nifty prediction today: Continued profit booking and earnings-related reactions in select heavyweights may limit the pace of any immediate recovery in Nifty, said Ajit Mishra of Religare Broking.
The FMCG space continues to witness a mixed trend, with Britannia emerging as a relative outperformer, gradually trending higher over the past nine months.
Sentiment was dampened by a weakening rupee, which hit a record low of 90.13 against the dollar, heightening concerns around import costs and triggering FII outflows
Religare Broking's Ajit Mishra continues to maintain a 'buy on dips' strategy and recommends focusing on opportunities with a favourable risk-reward setup
Bank of Baroda is displaying constructive price action as it consolidates near the upper band of its recent range while holding firmly above key moving averages.