Stocks to buy | Shares to buy | Sumeet Bagadia stock recommendations: The key benchmark indices of the Indian stock market caught their breath after last week's blistering rally, trading in a narrow range with a positive bias through a holiday-shortened week. Steady foreign inflows and better-than-expected Q2 earnings, which have raised hopes of upgrades to FY27 estimates, absorbed bouts of profit booking, and the benchmarks closed the week marginally higher. Inflation, however, returned to centre stage.
A hotter-than-expected U.S. CPI print cemented bets on a December Fed hike, while hawkish Fed remarks pushed global yields higher. At home, retail inflation jumped to a two-year high, breaching the RBI's upper tolerance limit as food prices surged. Fears of further tightening snapped a three-session winning run at the end of the week.
Sumeet Bagadia, Executive Director at Choice Broking believes the bias for the Indian stock market is positive, until the Nifty 50 index is above 25,000. The Choice Broking expert said that daily candle reflects profit booking near higher levels, but the 25,000 support for the Nifty 50 index may…