HighNegative
Announced Sat, 25 Jul · 10:49 IST
Stocks to buy under ₹200: Amid escalation in US-Iran war, Mehul Kothari of Anand Rathi recommends three shares to buy
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Indian equities fell for a fifth straight session on Friday, with the Nifty 50 declining 0.43% to 23,767 and the Sensex dropping 0.43% to 76,408. Both indices lost over 2.5% for the week, marking their worst weekly performance in four months, driven by escalating US-Iran tensions, surging crude oil prices (up nearly 15% last week), continued FII outflows, a weaker rupee and mixed quarterly earnings. Anand Rathi technical analyst Mehul Kothari maintained a Buy on Dips strategy, noting the Nifty held the 23,600–23,650 support zone before recovering, with 23,900–24,100 seen as immediate resistance.