Market Trading Guide: Infosys, Emami among 5 Stock Picks for Thursday – Stock Ideas

Benchmark Sensex rose 267 points and Nifty closed higher for the fifth straight day on Wednesday amid buying in blue chips Reliance Industries and Infosys amid mixed signals from global markets.

The 30-share BSE Sensex rose 267.75 points, or 0.36 per cent, to 74,221.06. NSE Nifty continued its upward trend for the fifth straight day and closed 68.75 points (0.31%) higher at 22,597.80. FMCG and real estate stocks supported gains, while banking and metal stocks declined.

“Nifty continues to strengthen and has found support at 22,500. The index is moving higher within the rising channel. The trend is likely to remain strong as long as it holds above 22,500. On the higher side, the index is likely to move towards 22,800. In the near term, there is immediate support at 22,600 and if it falls below 22,600, the index may go towards 22,500 for a while,” said Rupak De of LKP Securities.

Here are five stock picks for Thursday.