Stocks to Buy Today: Last Day of the Year Offers Opportunities with These 5 Breakout Stocks!

As the year comes to a close, experts recommend keeping a close watch on breakout stocks for potential profits. This article highlights key stocks to consider for today, alongside the latest updates from the stock market.

Market Overview

The domestic stock markets ended the previous trading session in the red. The BSE Sensex dropped by 451 points, closing at 78,248, while the Nifty50 lost 168 points, finishing at 23,645. However, the Bank Nifty gained 358 points, reaching 50,953.

Foreign and Domestic Institutional Investments

On Monday, foreign institutional investors (FIIs) sold shares worth ₹1,893.16 crore, while domestic institutional investors (DIIs) purchased shares totaling ₹2,173.86 crore. For December, FIIs have offloaded shares worth ₹12,337.26 crore, whereas DIIs have bought ₹29,648.14 crore in the same period.

Looking ahead, the domestic markets are anticipated to begin Tuesday's trading session significantly lower, with the GIFT Nifty down nearly 160 points.

US Market Insights

US stock markets saw declines in the last trading session, with the Dow Jones Industrial Average falling by 0.97%, the S&P 500 dropping by 1.07%, and the tech-heavy Nasdaq decreasing by 1.19%. Meanwhile, Asian markets continued to trend downward in Friday’s session.

Top Stocks to Buy Today

Lloyd Metals

Buy at ₹1,215.15

Stop Loss: ₹1,174

Target: ₹1,300

Caffeine Technologies

Buy at ₹1,582.80

Stop Loss: ₹1,530

Target: ₹1,700

Jindal Steel and Power

Buy at ₹918

Stop Loss: ₹905

Target: ₹940

Macro Developers

Buy at ₹1,420

Stop Loss: ₹1,380

Target: ₹1,475

Federal Bank

Buy at ₹200

Stop Loss: ₹195

Target: ₹207

Breakout Stocks to Consider

KNR Constructions

Buy at ₹340.40

Target: ₹365

Stop Loss: ₹330

Universal Cables

Buy at ₹838

Target: ₹900

Stop Loss: ₹810

Ashoka Buildcon

Buy at ₹313.20

Target: ₹333

Stop Loss: ₹303

Bajaj Healthcare

Buy at ₹587.80

Target: ₹630

Stop Loss: ₹565

Piramal Pharma

Buy at ₹265.30

Target: ₹285

Stop Loss: ₹255

With these insights, traders can strategically approach the last trading day of the year, identifying opportunities for profits with recommended breakout stocks.