Best 3 stocks to buy: Balrampur Chini, Bluestone, Kotak Bank by Vaishali Parekh | Target, stop-loss, Nifty prediction

What happened: Indian benchmarks opened lower and stayed under pressure after the RBI raised rates by 25 basis points and shifted its stance to "calibrated tightening." Vaishali Parekh of Prabhudas Lilladher listed Balrampur Chini, Bluestone, and Kotak Mahindra Bank as stocks to buy. Key numbers: Nifty 50 fell 0.76% to 22,603; Sensex fell 0.59% to Why it matters: Parekh said the market is biased toward caution, with Nifty 50 rangebound between 22,000 and 23,000 and Bank Nifty needing a move above 56,500 for conviction. She cited 22,200 as Nifty support and 53,000 as Bank Nifty support.

Indian benchmarks opened lower and stayed under pressure after the RBI raised rates by 25 basis points and shifted its stance to "calibrated tightening." Vaishali Parekh of Prabhudas Lilladher listed Balrampur Chini, Bluestone, and Kotak Mahindra Bank as stocks to buy.

Parekh said the market is biased toward caution, with Nifty 50 rangebound between 22,000 and 23,000 and Bank Nifty needing a move above 56,500 for conviction. She cited 22,200 as Nifty support and 53,000 as Bank Nifty support.