Analyst recommends three pharmaceutical stocks for short-term gains as markets rebound

Prashanth Tapse from Mehta Equities recommends buying three stocks for short-term gains: Syngene International, Sun Pharmaceutical Industries, and Cipla. These stocks are expected to perform well based on recent market trends. On November 29, 2024, the Nifty 50 and Sensex indices rebounded after a previous decline, driven by strong performances in the pharmaceutical sector and Reliance Industries. The Nifty 50 rose by 0.85% to 24,116.85 points. The National Stock Exchange will introduce futures and options contracts on 45 new stocks starting today. Despite recent market corrections, analysts see opportunities for stock selection amid ongoing economic concerns.