The Indian stock market showed mixed trends on Wednesday, with Nifty 50 and BSE Sensex closing higher while Nifty Bank ended in the negative. Global markets were influenced by the cautious approach of the US Federal Reserve toward rate hikes.
The short-term outlook for Nifty remains range-bound with a positive bias, while Bank Nifty faced selling pressure but may find support at 43,259 levels.
Analysts recommend stocks like Power Grid, BPCL, SAIL, Torrent Pharmaceuticals, Hero MotoCorp, and HDFC Life for intraday trading, providing buy levels, targets, and stop-loss points.