Vinay Rajani of HDFC Sec suggests L&T Finance, Welspun Enterprises shares to buy in near-term

Vinay Rajani of HDFC Securities recommends buying L&T Finance and Welspun Enterprises in the near-term based on technical breakouts, rising volumes, and stocks trading above key moving averages with RSI sustaining above 50. Broader markets remained under pressure as Nifty 50 declined around 115 points and Sensex fell over 400 points amid renewed US-Iran geopolitical tensions, with the index consolidating in the 23,800-24,200 range.