Indian equity benchmarks ended sharply lower on Thursday, with both the Sensex and Nifty slipping to one-week lows as selling pressure intensified. According to market reports, the Nifty 50 fell 117 points to close at 24,091, while the Sensex dropped 539 points to settle at 76,933. The weakness was broad-based, with the Nifty Bank declining 274 points to 57,510 and the Midcap index losing 66 points to 64,035, as market breadth remained negative throughout the session.
Market expert Raja Venkatraman from NeoTrader recommends Zydus Lifesciences Limited as a buy opportunity. The stock is currently trading at ₹1,189.20 with a P/E ratio of 33.74 and has shown a 52-week high of ₹1,205.65 with volume of 3.17M. According to Venkatraman's analysis, the stock has been making a slow and steady upward trajectory since May 2026, with prices taking support at the Kijun Sen lines. The surprise in Q1 numbers has triggered a new wave of upward trajectory, with the long-body candle thrust seen in the last two trading sessions attracting attention.
Venkatraman also recommends Kalyan Jewellers India Limited at the current price of ₹629.30 with a P/E ratio of 47.89 and 52-week high of ₹649 with volume of 14.63M. The company operates as a major international jewellery retail chain designing, manufacturing, and selling gold, diamond, and precious stone jewellery. As reported by Venkatraman, the recent surge since Q1 numbers has resulted in prices treading into an important zone, with strong body candle formation indicating a strong thrust higher. The combination of strong deal flow and recent revival in the pharma sector has helped upside aspirations.
Uno Minda Limited is recommended at ₹1,280 with a P/E ratio of 78.14 and 52-week high of ₹1,381.95 with volume of 778.53K. According to Venkatraman's analysis, the stock has shown strong thrust in July but slipped into sideways consolidation, holding the Tenkan Sen and Kijun Sen lines. The strong thrust with volumes pushed prices above important resistance zones around ₹1,200, with prices finally giving a closing above it with a long body candle, suggesting strong bullish bias. The defence sector showing strong resilience supports the investment case.
