Despite the positive global market sentiments, both the Nifty 50 index and the BSE Sensex in the Indian stock market ended lower on Friday. The Nifty 50 index dropped 172 points after hitting a new high of 22,794, while the BSE Sensex fell 732 points from its peak of 75,124. Additionally, the Bank Nifty index saw a decrease of 307 points, closing at 48,923. In the broader market, the small-cap index finished 0.55 per cent lower after peaking at 47,678, and the mid-cap index ended 0.21 per cent lower after reaching 42,774.

Expert Stock Recommendations

Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher, pointed out that the Indian stock market's positive trend took a hit on Friday as the Nifty 50 index faced a decline after hitting a double top near 22,800, its current resistance level. Despite this setback, Parekh believes that the market trend on Dalal Street will likely remain bullish as long as the Nifty 50 index stays above the support level of 22,300. For today's stock recommendations, Parekh suggested considering three stocks — Torrent Pharma, BEML, and Bombay Dyeing.