Prakash Gaba of prakashgaba.com recommends buying Escorts with target at Rs 640 and stop loss at Rs 580 and HDFC Bank with target at Rs 1280 and stop loss at Rs 1230.
The Sensex closed 362 points, or 0.94 percent, down at 38,305.41, with 23 stocks in the red and only seven in the green, while the Nifty pack fell 115 points, or 1 percent, to 11,359.90 on October 1. As many as 39 stocks ended in the red in the 50-share index.
On the technical front, Nifty formed a large bearish candle on the daily charts after closing below 11,400 levels for the first time since September 20, 2019.
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