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Stock to Buy: The Nifty saw a decline of 573 points last week and has moved below its 21-day moving average. The range of 23,200 to 23,300 is a strong support level for Nifty. If this breaks, the index could touch 22,900. Amid market weakness, brokerage firm ICICI Direct has recommended investing in fundamentally strong stocks and has identified four stock picks, including one PSU stock. Just Dial Share Target: ₹1,360 Brokerage firm ICICI Direct has recommended buying shares of Just Dial, with a target price of ₹1,360 per share. The current price of the stock is ₹1,034.60, offering a potential return of more than 31% over the next 6-12 months. Just Dial leads the local search engine segment in India, and with the expected long-term growth from its B2B platform JDMart, there is optim...

Global brokerage firm Goldman Sachs has revised its outlook on banks from a 'Goldilocks period' to a 'muddle-through scenario,' expecting further earnings-per-share cuts. Goldman Sachs sees multiple trends playing out for the sector including: 1) Consolidation of credit growth especially consumer retail for households due to higher leverage, 2) Higher credit costs as various loan segments face a credit downcycle, 3) Weaker PPOP-ROA driven by subdued net interest margins (NIMs) and rising operational expenses. The brokerage firm has lowered its earnings per share estimates by 1.5% for FY25, 4.8% for FY26, and 5.6% for FY27. The foreign brokerage advises a selective approach, downgrading IndusInd Bank to 'Neutral' and reducing its target price to ₹1,090. 2. Goldman S...

Over the last 3-4 months, FII sellling pressure is continuing. Since Sep 2024 till 10 Jan 2025, FIIs have sold approx Rs 2 lakh crores. At the same time DII boughts Rs 2.2 lakh crores