Indian Markets Slide for 2nd Day as Banking, Financial Stocks Weigh; Experts Recommend Buying Avenue Supermarts, Edelweiss Financial, Suzlon Energy, TCS, HDFC Bank

Indian markets closed lower for 2nd day in a row on Wednesday, dragged by banking, financial and auto stocks. Sensex fell 0.44% to 65,226, Nifty ended below 19,450.

Crucial support zone for Nifty is 19,330 - 19,300; immediate hurdle at 19,520 - 19,560 as per Jatin Gedia, Sharekhan BNP Paribas.

Recommend buying Avenue Supermarts, Edelweiss Financial Services, Suzlon Energy, TCS, and HDFC Bank for targets of Rs 4050, Rs 73, Rs 30-32, Rs 3800, and Rs 1650 respectively.

Avenue Supermarts breached bullish pattern on weekly charts with bullish candlestick and above average volumes.

HDFC Bank showed strong upward move, rebounding from day's low. Level of Rs 1515 likely to provide support.