Raja Venkatraman, MarketSmith India recommends five stocks for 17 March
Analysis of this story by livemint_markets · 17 Mar 2026, 7:44 AM IST (about 2 months ago)
AI Analysis
The banking sector is experiencing a rebound after recent significant losses, driven by value buying. Easing crude oil prices also provide a tailwind for the broader market.
Trading Insight
Look for accumulation in fundamentally strong banking stocks that have corrected recently, with a focus on improving NIM and asset quality outlooks.
Quick check: JINDALSAW bullish bias (+3.3% 1d), SBIN bearish bias (oversold).
Key Evidence
- •Sensex and Nifty 50 surged over 1% on March 16 due to value-driven buying in banking stocks.
- •Experts expect positive openings, supported by global cues and easing crude oil prices.
- •Raja Venkatraman, MarketSmith India, recommends buying select stocks including Jindal SAW and SBI.
- •Risk flag: Potential for profit booking after the initial surge.
- •Risk flag: Any sudden negative shift in global cues or crude oil prices could reverse sentiment.
Affected Stocks
JINDALSAWJindal SAW Ltd
Positive
Recommended for purchase by MarketSmith India expert.
SBINState Bank of India
Positive
Recommended for purchase by MarketSmith India expert and part of the banking sector seeing value buying.
HDFCBANKHDFC Bank Ltd
Positive
Part of the banking sector experiencing value-driven buying after recent pressures, suggesting a potential rebound.
IDBIIDBI Bank Ltd
Positive
Part of the banking sector experiencing value-driven buying after recent pressures, suggesting a potential rebound.
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Sources and updates
Original source: livemint_markets
Published: 17 Mar 2026, 7:44 AM IST
Last updated on Anadi News: 17 Mar 2026, 9:00 AM IST
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