The booming equity market rally since the pandemic is augmenting the real economy as well, with a one percent rise in market capitalisation leading to 0.06% rise in the GDP growth rate. An SBI Research note authored by Group Chief Economic Adviser Soumya Kanti Ghosh on December 23 underscored that a higher market capitalisation signals a robust economy as well as investor confidence.
Open FlipThe major domestic stock indices, Nifty 50 and Sensex, began trading on Monday with gains, following what was their worst week of 2024 last Friday. Stocks to buy or sell in the near-term by Nagaraj Shetti of HDFC Securities: 📌Buy Aster DM Healthcare Ltd at ₹506, Target ₹540, Stoploss ₹480, Timeframe 1 week. 📌Sell KPIT Technologies at ₹1,442, Target 1,370, Stoploss 1,485, Timeframe 1 week.
Open FlipHere are stocks to buy in 2025: 📌Prestige Estates Projects | Buying Range: ₹1,810 - 1,880 | Target Price: ₹2,290. 📌HUDCO | Buying Range: ₹238 - 249 | Target Price: ₹314. 📌Laurus Labs | Buying Range: ₹555 - 575 | Target Price: ₹710. 📌HSCL | Buying Range: ₹525 - 545 | Target Price: ₹687. 📌ITD Cementation India | Buying Range: ₹498 - 518 | Target Price: ₹670.
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