Sudarshan Sukhani of s2analytics.com recommends buying ICICI Prudential Life Insurance with stop loss at Rs 425 and target of Rs 455 and GAIL India with stop loss at Rs 132 and target of Rs 142.
Sensex broke the winning streak of the last three consecutive sessions, falling 504 points, or 1.29 percent, to 38,593.52. Only six stocks in the 30- share pack managed to settle in the green.
The Nifty index fell for the second consecutive day, ending the day at 11,440.20, down 148 points or 1.28 percent. This was the second biggest single-day fall this month for the index. Among the 50 stocks in the index, 37 suffered losses.
The overall market capitalisation of BSE-listed firms dropped to Rs 1.47 lakh crore from Rs 1.49 lakh crore in the previous session, making investors poorer by about Rs 2 lakh crore in a single day. Nifty closed well below 11,500 level and formed bearish belt hold pattern on daily charts.
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