The stock market witnessed a downturn on Thursday, ending a 7-day winning streak. The S&P BSE Sensex fell by over 100 points, while the Nifty50 closed above the 20,900 levels. Certain sectors such as utilities, power, consumer durables, and oil & gas experienced buying activity, while FMCG, metal, and IT stocks faced selling pressure. Notably, Tata Power, MRF, and Bajaj Holdings hit fresh all-time highs. An expert analyst, Riyank Arora from Mehta Equities, shared insights on these stocks. For Tata Power, he recommended buying on dips around Rs 310-315, with a stop loss at Rs 300 and targets of Rs 350 and Rs 400 in the near term. MRF, which gave a breakout above its parallel channel, is slightly overbought and may re-test its breakout level. Arora believes that any decline in MRF towards Rs 1,14,850 can be seen as a buying opportunity, with a stop loss below Rs 1,12,000 and a target of Rs 1,20,000 and above. Similarly, for Bajaj Holdings, which successfully closed above the 8,000 mark, Arora suggests a buy with a stop loss of around Rs 7,750 and targets of Rs 8,500 and Rs 8,750. It is important to note that the views and recommendations mentioned in the article are solely of the expert, and do not represent the views of the Economic Times.