Stocks to buy | Shares to buy | Ganesh Dongre's stock recommendations: The Indian equity benchmarks ended the week on a positive note, with the Nifty gaining nearly 2% to close at 23,053, while the Bank Nifty advanced 0.75% to settle at 54,686. However, the Nifty 50 index witnessed buying interest at lower levels and recovered towards the 23,200 mark, although it continues to face resistance at higher levels. Sectoral performance remained broadly positive, with most major sectors witnessing gains in the range of 2%–7%.
The Pharma sector emerged as the top performer, rallying nearly 7% during the week. However, despite the recovery in domestic equities, Brent crude oil remains elevated, hovering in the $110–$115 per barrel range, keeping inflationary concerns and global uncertainties in focus.
Ganesh Dongre, AVP — Equity Research at Anand Rathi, believes a sustained weekly close of the Nifty 50 index above 23,200–23,400 would improve the near-term technical outlook of the Indian stock market. Ganesh Dongre of Anand Rathi said that both the Nifty 50 and Bank Nifty index remain in a cautious technical phase. The…