Stock Ideas

Indian benchmark indices ended in the red on Monday, dragged by banks and auto stocks. While the S&P BSE Sensex settled at 78,248.13, down by 450.94 points or 0.57%, the broader Nifty closed at 23,644.90, lower by 168.50 points or 0.71%.

Commenting on the day's action, expert Vikram Kasat, Head - Advisory, at PL Capital said that the markets grappled with thin year-end volumes, a weakening rupee, and sustained foreign institutional investor (FII) outflows on Monday. "The rupee's slide toward the 86-per-dollar mark has further dampened the appeal of Indian equities for foreign institutional investors (FIIs), as returns in dollar terms continue to shrink.

As 2024 nears its close, market sentiment remains fragile, with volatility taking centre stage, Kasat said as he sees December quarter earnings and upcoming economic data to hold sway.

Here are 2 stock recommendations for Tuesday: