Market Outlook: Three Stocks Recommended for Purchase Amid Economic Concerns
Shares to buy or sell: Chandan Taparia of Motilal Oswal recommends three stocks to buy today - 12 May 2026
Mint
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Despite a negative opening expected for the Indian stock market due to rising crude oil prices and geopolitical tensions, analyst Chandan Taparia from Motilal Oswal Financial Services recommends buying shares of Sun Pharmaceutical Industries, Fortis Healthcare, and Grasim Industries, with target prices of ₹1,980, ₹1,030, and ₹3,160 respectively.
- 01Indian stock market is expected to open lower due to rising crude oil prices and US-Iran tensions.
- 02Nifty 50 closed at 23,815.85, down 360.30 points.
- 03Chandan Taparia recommends buying shares of Sun Pharma, Fortis Healthcare, and Grasim Industries.
- 04Target prices set at ₹1,980, ₹1,030, and ₹3,160 respectively for the recommended stocks.
- 05Market analysts suggest a broader trading range between 23,300 to 24,300.
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The Indian stock market is anticipated to open lower on May 12, 2026, influenced by concerns over rising crude oil prices and geopolitical tensions stemming from the US-Iran conflict. The Nifty 50 index closed down 360.30 points at 23,815.85, while the Sensex dropped 1,312.91 points to 76,015.28. Analyst Chandan Taparia from Motilal Oswal Financial Services provided insights on market trends, indicating that the Nifty 50 has formed a bearish candle and may face further weakness if it remains below 23,950. He identified a broader trading range for the Nifty between 23,300 and 24,300. Taparia recommended three stocks for purchase: Sun Pharmaceutical Industries with a target price of ₹1,980 and a stop loss at ₹1,815; Fortis Healthcare with a target of ₹1,030 and a stop loss at ₹944; and Grasim Industries, targeting ₹3,160 with a stop loss of ₹2,890. Investors are advised to consult certified experts before making any investment decisions.
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Investors may see fluctuations in their portfolios as the market reacts to rising crude oil prices and geopolitical tensions. Those considering investments in the recommended stocks should evaluate their risk tolerance and consult with financial advisors.
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