Market expert Raghvendra Singh on Tuesday shared his views on some stocks, including two recent entrants. Bajaj Housing Finance Ltd. And Hyundai Motor India Ltd.. Replying to a question on Bajaj Housing, Singh said the meter may see a reversal in some time. “Those who are holding can continue their positions with a stop loss placed at Rs 125. The stock may see a reversal in some time,” he said. Business Today TV. Shares of Bajaj Housing were last seen down 1.24 per cent at Rs 131.30. The scrip has corrected around 30 per cent from its all-time high of Rs 188.45.

When asked about Hyundai Motor, the market insider said, “The automaker is poised for further growth in the coming years. We can continue to keep the title. Investors should add more if it is available around Rs 1,600-1,700 levels. » Hyundai’s stock was down 1.50 per cent at Rs 1,794.95. At this price, it is down almost 9 percent from its all-time high of Rs 1,968.80.

At the same time, Indian stock indices fell sharply in recent trade, led by banking, financial services, consumer, auto and metals stocks. The broader markets (mid and small cap stocks) were also in the red.

14 out of 16 sectoral indicators – compiled by the NSE – were trading in negative territory. Sub-indexes Nifty Bank, Nifty Financial Services, Nifty FMCG, Nifty Consumer Durables, Nifty Auto and Nifty Metal underperformed the NSE platform by falling up to 1.31 per cent, 1.6 per cent, 1.3 percent, 1.03 percent, 1.4 percent. percent and 0.83 percent. On the other hand, Nifty IT and Nifty Realty rose by 0.47 percent and 0.80 percent, respectively.

On the stock-specific front, Britannia Industries was the top loser in the Nifty pack as the stock fell 7.06 per cent to trade at Rs 5,050.85. HDFC Bank, NTPC, Asian Paints and BEL fell to 2.72 per cent.

On the other hand, Trent, HCLTechnologies, Infosys, Sun Pharma and Reliance Industries were the top gainers in the Nifty50.

The overall market breadth was low as 2,570 stocks were down while 1,357 were up due to BSE.

Foreign institutional investors (FIIs) sold Rs 2,306.88 crore worth of shares on a net basis during the previous session, while domestic institutional investors (DIIs) bought Rs 2,026.63 crore worth of shares, according to exchange data.