GENERAL17 Sept 2026
Nifty 50's structure remains weak; PVR INOX among top picks: Ajit Mishra
Indian markets bounced back on Wednesday, with the Nifty closing 0.43% higher at 23,217.60 and the Sensex at 74,336.45. The recovery gives some relief, but experts say the overall trend is still weak. If you invest in stocks, expect choppy moves while crude stays near $108 and foreign selling continues. Stick to a hedged, selective approach.
Key Statutory Highlights
- The Nifty settled at 23,217.60, up 0.43 per cent, while the Sensex closed at 74,336.45, higher by around 0.45 per cent.
- Brent crude stayed elevated near $108 per barrel and the rupee remained under pressure near ₹95.95 per dollar, with FII selling continuing.
- Ajit Mishra of Religare Broking lists PB Fintech with a target of ₹1,960 and PVR INOX with a target of ₹1,365 as his top buy picks.
Actionable Advice for Taxpayers / Founders:Stay cautious and avoid aggressive bets for now. Keep a hedged, selective approach and wait for the Nifty to move and hold above 23,600 before adding fresh risk to your portfolio.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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