Intraday stocks for a buy at NSE today
Based on the latest information available as of today, June 11, 2024, here are some intraday stock picks for buying at NSE:
Intraday Stock Picks
- State Bank of India (SBI)
- Reason: SBI is among the top picks of brokerage firms due to its strong performance and potential benefits from higher private capital expenditure 1.
- Bank of Baroda (BOB)
- Reason: Similar to SBI, Bank of Baroda is expected to benefit from improved corporate balance sheets and banking system strength 1.
- REC Limited
- Reason: REC is highlighted as a top pick due to its strong performance and potential for double-digit returns in Indian equities over the next two to three years 1.
- NTPC Limited
- Reason: NTPC is another top pick, expected to benefit from policy continuity and higher private capital expenditure 1.
- Adani Energy Solutions
- Reason: Adani Energy Solutions recently approved a significant fundraise, indicating potential growth and investment opportunities 2.
Market Context
- Election Results Impact: Indian shares are likely to open higher as vote counting begins, with banks and infrastructure stocks expected to benefit if Prime Minister Narendra Modi returns to power 1.
- Foreign Investments: Foreign investors have shown strong interest, net buying shares worth 68.51 billion rupees on June 4, 2024 1.
- Sector Performance: Public sector enterprises, state-run banks, infrastructure stocks, and realty stocks surged between 5%-8% on hopes of policy continuity 1.
Conclusion
These stocks are recommended based on their recent performance, market conditions, and potential for growth. Always consider market volatility and perform your due diligence before making any investment decisions.
References: