The Indian stock market clocked healthy gains for the third consecutive session on Tuesday, December 3, led by gains in shares of select heavyweights, including Reliance Industries, HDFC Bank and Larsen and Toubro. Benchmark index Nifty 50 jumped 0.85 per cent to the level of 24,481.35 in intraday trade, breaking above its 50 and 100-day exponential moving averages (DEMA).
The index finally closed 0.75 per cent higher at 24,457.15. The Sensex ended the day with a gain of 598 points, or 0.74 per cent, at 80,845.75.
In the current market scenario, domestic brokerage firm SMC Global Securities has released its top four stock picks for this week. The brokerage has selected the following stocks based on technical and fundamental parameters. According to the brokerage, the stocks have robust fundamentals and are well-placed to yield good returns for investors in the next one year.
