Indian benchmark indices gave up most of their intraday gains on Thursday, June 26, as profit booking in the second half of the session dragged the markets off their highs.
Trading remained subdued as investors locked in returns following a period of modest gains earlier in the week.
The selling pressure comes after Indian indices closed modestly higher on Monday, June 22, buoyed by improving investor sentiment.
That earlier rally was supported by reports of progress in US-Iran peace negotiations, which helped ease concerns over geopolitical risks and energy supply disruptions.
Amid the volatility, Choice Broking analyst Sumeet Bagadia highlighted three stocks for potential accumulation: Dr Reddy's Labs, Mahindra & Mahindra (M&M), and Tata Consumer.
These recommendations suggest a shift toward selective positioning in pharmaceuticals, automotive, and consumer staples as market breadth narrows.