Stock Ideas

Indian headline indices ended in the green for the second session in a row helped by strong buying action in most sectors. Auto, IT and pharma stocks were among the top gainers. While the S&P BSE Sensex settled at 76,532.96, up by 631.55 points or 0.83%, the broader Nifty closed at 23,163.10, higher by 205.85 points or 0.9%.

Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that the sentiment has improved over the past two days. "The Nifty moved up, shrugging off two days of weakness. Though sentiment has improved slightly, overall weakness is likely to persist as the index remains below the 21EMA. On the lower end, 23,000 is likely to act as immediate support, and a fall below this level might trigger panic in the market. However, above 23,200, the Nifty could gather more strength," De said.

Here are 5 stock recommendations for Thursday: