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Indian markets closed lower for the second straight week, dragged by weak earnings, US tariff threats, and global uncertainty. IT stocks underperformed while Glenmark Pharma led in turnover. Analysts expect volatility ahead amid weak momentum. Global markets also declined. Over 130 stocks hit 52-week highs despite a broadly bearish sentiment.
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With over two decades in fixed income, this Mumbai-born CA and CFA charterholder now leads multiple debt and hybrid funds at Baroda BNP Paribas Mutual Fund. His strategy blends macro insights with tactical moves. The real drive? Earning investors' trust and delivering alpha while ensuring safety and liquidity.
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Indias headline indices ended in the red for the third session in a row, as selling pressure in IT, auto and financial stocks weighed on the markets. Nifty has fallen below the 21 EMA on the daily timeframe. Commenting on the days action, Rupak De, Senior Technical Analyst at LKP Securities said that Nifty continues to remain weak as the index slipped below the previous swing low on the hourly chart. Momentum also remains weak in the short term, with the RSI in a negative crossover. However, after the recent decline, the index has approached the support of the 200-hourly moving average. A move above 25,150-25,160 in the initial trading hour could trigger a rally towards 25,250 and 25,400. On the downside, support is placed at 25,090 and 24,900, he said.Here are 4 stock recommendations for Monday:
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