Rajesh Palviya of Axis Sec suggests Paytm, Anand Rathi, Nykaa shares to buy today

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AI summary

Indian benchmark indices opened higher on Friday, with the Nifty 50 advancing 0.68 percent to 24,124.70 and the Sensex climbing 0.85 percent to 77,395.63, led by a 2.1 percent rally in the Nifty IT index after TCS reported better-than-expected June-quarter revenue. Softer crude oil prices at around 76.5 dollars per barrel and easing US-Iran tensions supported sentiment, with all 16 major sectoral indices trading in the green. Rajesh Palviya of Axis Securities has recommended buying Paytm, Anand Rathi, and Nykaa shares, citing bullish technical setups with upside targets of 1320-1350, 2150-2200, and 340-365 respectively.