Market Trading Guide: HFCL, TVS Motor among top stock recommendations for Friday

Indian benchmark equity indices fell on Thursday, logging their worst monthly performance since March 2020, as record monthly foreign outflows and lacklustre corporate earnings pummelled investor sentiment.They were dragged most by IT stocks with support from FMCG and bank stocks. While Nifty finished at 24,205.35, going down by 135.50 points or 0.56%, the 30-stock S&P BSE Sensex settled at 79,389.06, lower by 553.12 points or 0.69%.Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said sentiment may continue to remain weak as long as Nifty stays below 24,500. The Nifty index on Thursday remained volatile before closing on a negative note and on the hourly chart, it encountered resistance around the 21 EMA, leading to a pullback toward 24,200, De said. "Sentiment may continue to remain weak as long as Nifty stays below 24,500, with any rise toward this level likely facing selling pressure. On the downside, support is placed at 24,000, while resistance levels are seen at 24,500 and 24,750," De added.Here are 3 stock recommendations for Friday: Stock Ideas