Market Trading Guide: Praj Industries, Five-Star Business are stock recommendations for Wednesday

India's benchmark equity indices, Sensex and Nifty50, reversed early gains to close in the red on Tuesday, dragged by heavyweights like Reliance Industries (RIL), HDFC Bank and Bajaj Finance. The market was weighed down by a higher-than-expected September inflation report, dampening hopes for a rate cut this year and further souring investor sentiment. The BSE Sensex fell 153 points, or 0.19%, to close at 81,820, while the NSE Nifty dropped 70 points, or 0.28%, to end at 25,057.Commenting on the day's action, Rupak De, analyst at LKP Securities said that Nifty has sustained above the 21 EMA on the daily timeframe despite remaining volatile throughout the day. But a fall below this level could increase weakness, with the possibility of Nifty dropping below 24,900, he warned. "If Nifty falls below 24,900, it may trigger a further correction towards 24,700. On the higher side, resistance is seen at 25,200," De said.Here are 2 stock recommendations for Wednesday: Stock Ideas