Stock Ideas

Indian markets were back in the red after a one-session gap. The decline was shallow with banks, auto and FMCG counters acting as spoilsport. The 30-stock S&P BSE Sensex finished at 75,967.39, declining by 29.47 points or 0.04% and the broader Nifty rose by 14.20 points or 0.06% to close at 22,945.30.

Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that Nifty witnessed another day of volatility as the index failed to take a clear direction. "In the short term, Nifty might remain a 'sell on rise' as long as it stays below 23,150. Support is placed at 22,800, and a fall below this level might trigger further correction. Immediate resistance is placed at 23,000," he said.

Here are 2 stock recommendations for Wednesday: