The NSE Nifty 50 and BSE Sensex opened higher on Thursday. The Nifty 50 opened 0.29% higher at 24,825.10, after it ended in the red in the previous session, while the Sensex opened 0.34% up at 81,591.03.
"In the absence of any fresh triggers, the index is oscillating within the range of 24,730-24,960, and a breakout on either side is necessary for better clarity," said Aditya Gaggar, director of Progressive Shares.
Ajit Mishra, SVP-research, Religare Broking, recommends buying these stocks on Thursday:
HDFC Life Insurance Co.
Ajit Mishra recommends a 'buy' for HDFC Life. He suggested buying the stock at Rs 789.5, with a target price of Rs 815, and stop loss at Rs 778.
Out of 37 analysts tracking the company, 31 recommend buying the stock and six suggest holding it, as per Bloomberg data.
Central Depository Services Ltd.
He suggests 'buy' for the stock. Mishra advised buying the stock at Rs 1,519 with a target price of Rs 1,630 and stop loss at Rs 1,470.
Out of 10 analysts tracking the stock, three recommend 'buy', five suggest 'hold' and two suggest selling the stock.
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