Shares to buy below £ 200: August was a painful month for the Indian stock market, as investors discussed profits amid the rates imposed by US President Donald Trump on India and a poor earnings momentum. BSE Sensex closed 1.7% lower for the month, while the NSE counterpart, Nifty 50, lost 1.4%. This was the second direct monthly loss for the benchmark indices after a 3% drop in July. The damage was even more sharp in the broader markets, as the small cap and mid-cap indices fell 4.1% and 2.9% respectively. The stock market next week Mehul Kothari, Deputy Vise -President -Technical Research at Anand Rathi, said August was very volatile for the domestic markets. “In the first week, Nifty slipped to the 24,350 point, but soon staged a recovery. Middle of the month, the Premier’s Independence Day speech and GST-related announcements caused a sharp rally, which lifted the index over the 25,000 milestone to test the 25,150 level. Kothari added. On the daily chart, it filled the void to 24.600 and now drove closer to the 24,400 point, ‘said Anand Rathi analyst. Extensive decline to the 24.200–24,000 band, which coincides with the placement of the 200 Dema and 200 DSMA. If 4% have fallen. of Mehul Kothari under £ 200 regarding shares to buy below £ 200, Mehul Kothari of Anand Rathi on Monday recommended to buy IOB, Yes Bank and Devyani International. A stop loss of £ 17.5 3. Devyani International: Buy between £ 165 for a target price of £ 195 for a stop loss of £ 165. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, and not from currency.
Shares to buy below £ 200: Mehul Kothari of Anand Rathi recommends three shares to buy or sell
