Investor Suggests ABB India, TVS Motor, and Apollo Hospitals as Attractive Equity Picks

Market Update - March 10, 2026

The domestic benchmark indices, Nifty 50 and Sensex, experienced a significant recovery on Tuesday, March 10, following a decline in crude oil prices due to the Middle East conflict resolution prospects suggested by U.S. President Donald Trump.

Key Indicators

• Nifty 50 rose by 0.7% to reach 24,195 as of 9:15 IST.
• Sensex gained 0.8% to climb to 78,149.59.
• The broader indices for small caps and mid caps both rose by 1.5%.

Read also: Expert Portfolio Manager Raja Venkatraman Names Top Investment Picks for June 4

Market Outlook

Following a significant decline in the previous session, the market is expected to experience a wide range between 23,700 and 24,300 for the next 2 trading days, as suggested by India VIX.

Sectoral Performance

Fourteen out of the sixteen major sectors experienced gains, with the Bank Nifty underperforming Nifty 50 due to weight adjustments and panic profit taking in PSU names.

Read also: MarketSmith India's 4 June Stock Recommendations

Technical Analysis

• Nifty 50 has hit a fresh 10.5-month low, completing its initial target of 23,700.
• The overall target for this pattern continues to be seen at 23,250.
• Bank Nifty has slipped below its 200 DMA after a gap of 11 months, and a fresh swing low is expected to be printed on charts.

Stock Recommendations

• ABB India Ltd (BUY): Target price of ₹6,390 with a stop loss of ₹5,790.
• TVS Motor Company Ltd (SELL): Target price of ₹3,370 with a stop loss of ₹3,770.
• Apollo Hospitals Enterprise Ltd (BUY): Target price of ₹8,300 with a stop loss of ₹7,550.