Benchmark indices ended lower as they remained volatile throughout the day amid tension on LoC. The S&P BSE Sensex ended at 35,905, down 68 points, while the broader Nifty50 index settled at 10,807, down 29 points.
Talking about investment opportunities, stock market guru Jai Bala suggests looking at the auto sector.
"Some auto stocks are doing pretty well and have even picked up like Hero Motocorp. However, for Maruti Suzuki, another low, like it witnessed recently, will make the stock more attractive. The stock should move towards Rs 6,500 initially and then move up. "
Another stock the expert preferred in the auto space was Motherson Sumi. "Motherson Sumi has been on a downward trend, but the stock has also reach record highs from Rs 5. It was correcting the long term bull run and now is going to restart moving towards Rs 190, if not record highs. So if it gets passed Rs 190 swiftly, hold on to some positions for record highs.”Disclaimer
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