NSE announces new expiry dates for Nifty Bank and monthly expiry
The National Stock Exchange (NSE) has announced a new rule that weekly expiry for Nifty Bank will now take place on Fridays instead of Thursdays. Additionally, monthly expiry will now occur on the last Friday of the month. The new policy will come into effect from July 7, as per the NSE circular. The rate-sensitive sector saw a boost ahead of the Thursday policy announcement with the auto and realty indexes trading up nearly one percent.
RBI’s MPC meeting begins today
The Reserve Bank of India’s Monetary Policy Committee (MPC) meeting began today. The market does not anticipate any change in interest rates this time around. Sushil Kedia, founder of Kedianomics, joined our partner channel CNBC-Awaaz and shared his top stock picks. He recommends purchasing GE T&D India, which he believes has the potential to generate a quick return of 30-40 percent. Additionally, Kedia suggests betting on Kirloskar Pneumatic’s stock for a good return.
Expert picks before the market closes flat
Experts have recommended four stocks to buy before the market closes flat. These include Glenmark Pharma, Eicher Motors, PVR, and Inox. Read more about these expert picks here.
Kopran and GE Power India stocks bullish, says Sushil Kedia
Sushil Kedia is very bullish on mid-cap stocks Kopran and GE Power India, believing that if their shares increase five times in the next 18 months, it would not be surprising. However, he suggests waiting for a slight dip or pullback before buying these stocks. Kedia also recommends waiting for HEG and Graphite India to correct after their recent 30-40 percent gains before making a purchase, as they could potentially see a 200 percent return.
Maruti Suzuki not a good investment, says Kedia
Kedia advises against investing in Maruti Suzuki at this time, as the stock has already experienced a 30 percent correction. He believes that the only strong stock in the large-cap auto sector is Hero MotoCorp. Lastly, Kedia suggests buying Infosys’ stock if it dips.
Disclaimer: The views and investment advice expressed by experts on Moneycontrol are their own and not the website’s. Moneycontrol recommends seeking the advice of a certified expert before making any investment decisions.
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