Indian Stock Market

Indian stock market: Amid ongoing Middle East Tension, Ganesh Dongre of Anand Rathi recommends three stocks to buy on Monday. Check top stock picks by the market expert.

Indian stock market: On Friday, Nifty 50 rose 1.10% to end at 23,622.90, while the Sensex climbed 1.73% to close at 75,527.95. While some of the global triggers continue this week, read on to know what are the fresh factors to watch out for this week.

Sudarshan Pharma's share capital increased to ₹24.96 crore after allotting 90 lakh equity shares from warrant conversions. Promoter shareholding rose to 58.93%, while non-promoters hold 41.07%. The allotment enhances capital base and share value.

According to the GREED & Fear report, US Treasury bond yields are pivotal for market dynamics. While Indian stocks underperformed, Christopher Wood retains a strong belief in India’s potential, noting specific strong performers, despite concerns over concentrated risks in the AI sector.

Regarding stocks to buy under ₹100, Mehul Kothari recommended these three short-term picks: IRB Infrastructure Developers, Rattanindia Enterprises, and NHPC.

Sumeet Bagadia, Executive Director at Choice Broking, has recommended three stocks to buy on Monday, 15 June - L&T, Bajaj Finance, and IndiGo.

FPIs have taken out over ₹2.6 lakh crore from the Indian capital market till 12 June this year. Vishad Turakhia, MD and CEO of Equirus Securities, highlighted that aggregate foreign holdings in Indian equities have fallen to a 14-year low of 14.7%.

A-1 share price rose to ₹8.50 after securing ₹35 crore in orders from Solar Industries and Mahadhan Agritech. Despite recent declines, the stock has shown long-term gains of 247% and remains validated by significant contracts from reputable industry players.

BSE barometer Sensex added 1695.40 points or 2.30% to end at 75,527.95. Its NSE counterpart Nifty 50 settled the day at 23,622.90, higher by 461.30 points or 1.99%.