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The Indian stock market displayed a mixed trend on Tuesday, erasing its gains by the closing bell. The Nifty 50 index ended slightly higher at 23,264, while the BSE Sensex settled 33 points lower at 76,456.
Analysts expect a possible dip in the Nifty today, facing resistance at the 23,400 to 23,500 levels. Immediate support for the index is seen at 23,050 levels.
Global triggers, particularly the US CPI data and US Fed policy outcome, are expected to influence the Indian stock market today. Investors are eagerly awaiting these announcements, as they could provide direction to the market.
Experts have recommended five stocks for buying or selling today. Sumeet Bagadia suggests buying Polycab India and Whirlpool, while Ganesh Dongre recommends buying ICICI Bank, Berger Paints, and Tata Motors.
Polycab India is expected to reach a target of ₹7540, while Whirlpool may rise to ₹1830. ICICI Bank, Berger Paints, and Tata Motors have potential targets of ₹1160, ₹520, and ₹1020, respectively.
Disclaimer: The views and recommendations expressed by analysts and experts are their own and do not represent those of the publisher. Investors are advised to consult with certified experts before making any investment decisions.