HighPositive
Announced Thu, 18 Jun · 08:48 IST

Buy or sell: Gift Nifty flat, Vaishali Parekh recommends three stocks to buy as Trump signs US-Iran deal

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Indian markets are expected to open on a cautiously positive note as US President Trump signed a preliminary US-Iran peace deal, easing geopolitical tensions and supporting the reopening of the Strait of Hormuz. Crude oil remains subdued at 74 to 76 dollars per barrel, while the US Federal Reserve kept interest rates unchanged at 3.50 to 3.75 percent for a fourth consecutive meeting, with foreign investors turning marginal net buyers. Analyst Vaishali Parekh of Prabhudas Lilladher expects Nifty 50 to face resistance at the 24,350 to 24,400 zone with targets of 25,000 and 25,700, and has recommended buying BEL at around 418, NALCO at around 370, and IRFC at around 100.