Market Trading Guide: HDFC Life, Grasim Industries are stock recommendations for Friday

The Indian frontline indices closed in the green on the monthly expiry day helped by gains in banks and financial stocks. Individually HDFC Bank and Larsen & Toubro (L&T) contributed the most. The BSE Sensex surged 317.93 points or 0.41% to 77,606.43, while the Nifty gained 105.10 points or 0.45% to end the day at 23,591.95.Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that Nifty remained sideways throughout the day after a strong opening. Meanwhile, the option position build-up also indicated an expiry around 23,600. "On the daily chart, the index found support near the 100 EMA. The short-term sentiment may remain positive, with a potential move toward 23,800 if it sustains above 23,600. On the downside, support is placed at 23,400," De said.Here are 2 stock recommendations for Friday: Stock Ideas