Buy or sell: Vaishali Parekh recommends 2 stocks to buy today — December 5
- The Nifty index has the immediate support zone of 18500 levels and can expect some consolidation as of now, said Vaishali Parekh
Benchmark indices Sensex and Nifty snapped an eight-session winning streak on Friday, but held on to weekly gains. The S&P BSE Sensex closed 0.66% down at 62,868.5, while the Nifty 50 index settled 0.62% lower at 18,696 on Friday. For the week, the Sensex and Nifty rose 0.92% and 0.99%, respectively, boosted by expectations of smaller rate hikes by the Fed from its December policy meeting. The Nifty Midcap 100 outperformed its larger peers, climbing 4.5% in the last eight days.
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