Stock Ideas

Indian headline indices ended lackluster on Saturday witnessing a choppy session. While Street heaved a sigh of relief on tax benefit from Finance Minister Nirmala Sitharaman, the spoiler was a nearly flat capex allocation for FY26.

While the S&P BSE Sensex settled at 77,505.96, up by just 5.39 points or 0.01%, the broader Nifty closed at 23,482.15, lower by 26.25 points or 0.11%.

Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that the Nifty witnessed a roller-coaster ride during the Budget session on Saturday. "On the daily chart, a small-bodied candle has formed, indicating indecision. Nifty has support at 23,280, and as long as it remains above this level, the trend might stay positive. On the higher end, the index could move towards 23,700–24,000 in the short term. However, a fall below 23,280 might trigger panic in the market," De said.

Markets will open tomorrow as it will be a budget day.

Here are 2 stock recommendations for Monday: