Coal India, National Aluminium Company Shares Receiving Buy Recommendations

Market Report: Thursday, March 5, 2026

Domestic Benchmark Indices Experience Uptick The Nifty 50 and Sensex indices saw an increase in morning trading on Thursday, driven by a resurgence in Reliance Industries and a global stock market rally. The uptick improved risk appetite after the conflict in the Middle East pulled shares down earlier in the week.

Key Figures:

• Nifty 50: 0.45% increase to 24,591.85
• Sensex: 0.45% increase to 79,469.17

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Sectoral Performance Fourteen out of 16 major sectors recorded gains, with small-cap and mid-cap stocks rising by approximately 1% each.

Stock Performance Reliance Industries increased by 3%, following a decline of approximately 4.5% over the previous three days.

Market Views Nagaraj Shetti, Senior Technical Research Analyst of HDFC Securities, noted that while there was a positive beginning, the general sentiment still leans towards caution due to worldwide uncertainties and rising geopolitical tensions.

Technical Analysis Nifty 50 held above the crucial support of around 24,300 levels, but the underlying trend remains weak. A sustainable move above 24,600 could confirm a bottom reversal in the market.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

Technical Picks Nagaraj Shetti recommends Coal India Ltd and National Aluminium Company Ltd as stocks to buy in the short-term.

Recommendations:

• Buy Coal India Ltd at ₹451.80, target at ₹475, stoploss at ₹435, timeframe 1 week
• Buy National Aluminium Company Ltd at ₹396.95, target at ₹420, stoploss at ₹383, timeframe 1 week