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Markets

Shares to buy in short term: Mehta Equities’ Riyank suggests Paytm, Motilal Oswal, KPIT Technologies stock to buy

Stock market today: The domestic stock market began the day on a weak note on Tuesday, with both major indices falling into the red, pressured by a declining rupee and ongoing outflows from foreign portfolio investors (FPIs). The Nifty 50 index started at 26,146.00, reflecting a drop of -29.75 points (-0.11%), while the BSE Sensex commenced the session at 85,523.17, decreasing by -118.73 points or -0.14%. Market analysts indicated that investor sentiment soured following the currency's depreciation and continued fund withdrawals by FPIs from Indian stocks.

Shares to buy in short term: Mehta Equities’ Riyank suggests Paytm, Motilal Oswal, KPIT Technologies stock to buy

Credit: Livemint

Key Highlights

  • Although markets reached new highs during Monday's opening, they were unable to maintain those levels.
  • The latest peak is now recorded at 26,325.80 for the Nifty 50 and 86,159.02 for the Sensex.
  • Nifty 50 witnessed renewed selling pressure at higher levels, with the index struggling to sustain above the 26,000 mark.
  • Profit-booking attempts were clearly visible as the index failed to test the immediate resistance at 26,300.
  • The broader sentiment remains mildly negative as long as the index trades below 26,300 on a closing basis.
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Sources

  1. Shares to buy in short term: Mehta Equities’ Riyank suggests Paytm, Motilal Oswal, KPIT Technologies stock to buy

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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