Top-5 stocks to buy: The possibility of a fresh tariff war in the world deepened in the world after the news of US President Donold Trump imposing tariffs on China, I Kasico, Canada. However, after postponing the tariff rate on I Kasico, Canada for the next 30 days, a strong sentiment was seen in the stock market. The Indian stock market jumped 1.8 per cent on Tuesday (4 February). Due to global and domestic sentiments, a long-term attitude between market fluctuations can make good profits.
Brokerage firm Mirae Asset Sharekhan on Tuesday advised to buy on selected stocks in its fundamental updates. Also, these stocks have been done till the target price for more than 12 months. Here we have taken 5 shares. These include Tata Consumer Products, Tata Power, Tata Motors, Indusind Bank and HDFC Bank. These shares can give up to 55 per cent returns to investors by the next budget.
Sharekhan Top Pick: Buy’s advice in these 5 stocks
Rating: Buy
Target: ₹ 1234
CMP: ₹ 1032
Estimated Return: 19%
Rating: Buy
Target: ₹ 540
CMP: ₹ 361
Estimated return: 50%
Rating: Buy
Target: ₹ 1099
CMP: ₹ 709
Estimated return: 55%
Rating: Buy
Target: ₹ 1200
CMP: ₹ 1050
Estimated Return: 14%
Rating: Buy
Target: ₹ 2100
CMP: ₹ 1716
Estimated Return: 23%
(Note: CMP 4 February 2025 at the closing price)
Investors gain ₹ 5 lakh crore in market rapidly
The domestic stock market closed up on Tuesday (February 4) amid positive stance from global markets. The stock market was shocked by US President Donald Trump’s decision to stop the proposed tariff fee on Mexico and Canada for 30 days. The major benchmark index BSE Sensex and Nifty climbed around 2% on Tuesday. This is the biggest one -day rally of both benchmarks in the last one month.
BSE Sensex, with thirty -share BSE Sensex, climbed 500 points on Tuesday to 77,687. During the trading, it went up to an intra-day high of 78,658 points. Finally, the Sensex climbed 1397.07 points or 1.81% to close at 78,583.81. Similarly, the Nifty 50 of the National Stock Exchange (NSE) also saw strong strength. It closes at 23,739.25 with a brilliant strength of 378.20 points or 1.62%.
The market cap (MCAP) of the companies listed in BSE increased by more than Rs 5 lakh crore to Rs 425,04,589 crore. It was Rs 420,31,299 crore on Monday (3 February). Accordingly, the market cap of all companies listed in BSE has increased by Rs 4.73 lakh crore.