Archive · 30 Jul 2026
Stock Market Update: Sumeet Bagadia Recommends Five Shares to Buy
The Indian stock market had a mixed day on July 28, 2026.
The Sensex and Nifty 50 indices ended slightly lower, while the Bank Nifty saw a decline.
Sumeet Bagadia from Choice Broking recommends buying five stocks: eClerx Services, Universal Cables, Five-Star Business Finance, Mankind Pharma, and Knowledge Marine & Engineering Works.
He suggests that the market is consolidating and could move higher if it breaks key resistance levels.
The market showed mixed sectoral performance, with IT, Realty, and Pharma doing well, while FMCG, Chemicals, and Banking faced selling pressure.
The Sensex slipped 70 points to 76,765.92, and the Nifty 50 fell 11 points to 23,985.35.
Bank Nifty closed at 56,755.60, down 331.60 points.
Sumeet Bagadia recommends buying eClerx Services, Universal Cables, Five-Star Business Finance, Mankind Pharma, and Knowledge Marine & Engineering Works.
The market is consolidating near the 24,000 mark with neutral momentum.
Sectoral performance was mixed, with IT, Realty, and Pharma performing well, while FMCG, Chemicals, and Banking faced selling pressure.
- Who
- Sumeet Bagadia, Executive Director at Choice Broking
- What
- Stock market update and recommendations for five shares to buy
- When
- 29 July 2026
- Where
- Indian stock market
- Why
- To provide insights into market trends and potential investment opportunities
Bullish View
Bearish View
Market Momentum
Bullish View
The market shows signs of consolidation with potential for a bullish breakout, especially in sectors like IT, Realty, and Pharma.
Bearish View
The market lacks strong directional momentum and remains in a range-bound movement, indicating caution.
Sector Performance
Bullish View
Sectors like IT, Realty, Pharma, Midcap IT, and Consumer Durables are performing well, reflecting buying interest.
Bearish View
Sectors like FMCG, Chemicals, PSU Banks, Banking, and Metal are under selling pressure, indicating profit booking.
- Sensex
- 76,765.92
- Nifty 50
- 23,985.35
- Bank Nifty
- 56,755.60
- RSI
- 49.55
- India VIX
- 12.56
- PCR
- 0.93
