New Delhi, May 23 -- India's stock market opened in red on Thursday, with the Nifty 50 opening lower at 24,733.95 points and the BSE Sensex at 81,323 due to concerns over the US's fiscal deficit and the 30-year US treasury bond yield rising to 5.09%.
Declines in IT, FMCG, and Reliance stocks, along with technical resistance near 25,000 and a weakening rupee amid foreign outflows, added to the pressure, leading to widespread selling and dampened investor sentiment.
On to the top stock picks for today, 23 May, as recommended by India's leading market experts.
Also read:IndiGo's Q1 turbulence to be temporary as crude oil softens, capacity grows
Current price: Rs.227
Target price: Rs.295 in 14-16 months
Stop-loss: Rs.192
Why it's recom...
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