Stock Market Today: Investors beware! Today’s stock market will open in the red? Experts warned
- Gap-down signs early for Indian benchmark indices
- The stock market is likely to open in the red
- On Friday, the Indian stock market rose on the back of short-covering
India Share Market Update: The war between the US and Iran continues in its fourth week. Looking at the weak cues in the global markets, major indices of the Indian stock market, Sensex and Nifty 50, are expected to open with major losses today on Monday. Trends in Gift Nifty are also signaling the beginning of a gap-down for the Indian benchmark index. Gift Nifty was trading at 22,825, at a discount of nearly 315 points from the previous close of Nifty futures. As today’s stock market will open in the red, it is very important for investors to be careful while trading today.
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On Friday, the Indian stock market closed higher on the back of short-covering, with the benchmark Nifty 50 closing above the 23,100 level. The Sensex closed up 325.72 points, or 0.44 percent, at 74,532.96, while the Nifty 50 rose 112.35 points, or 0.49 percent, to settle at 23,114.50. The Bank Nifty index closed down 23.95 points, or 0.04%, at 53,427.05 on Friday. (Photo Courtesy – Pinterest)
Sumeet Bagdia, Executive Director, Choice Broking has advised investors to buy five stocks in today’s trade. Shares recommended by Sumit Bagdia include Laurus Labs, Bank of India, APL Apollo Tubes, Delhiveri and Steel Authority of India. Jigar S., Senior Manager, Equity Technical Research at Anand Rathi Share & Stock Brokers. Patel recommends three stocks for investors to buy for the next one to two weeks. Jigar S. Shares recommended by Patel include Hindustan Copper, Gujarat Ambuja Exports, Britannia Industries.
Sumeet Bagdia of Choice Broking, Ganesh Dongre, Senior Manager, Technical Research at Anand Rathi and Shiju Kuthupalakkal, Senior Manager, Technical Research at Prabhudas Lilladhar have recommended eight stocks for investors to buy today on March 23. Investors can buy shares of GPIL, NTPC, Jio Financial Services, Eternal, ICICI Bank, Eicher Motors, Delhiveri and NTPC Green in today’s trade as per expert advice.
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NeoTrader co-founder and stock research platform MarketSmith India’s Raja Venkataraman recommends investors to buy four stocks in today’s trade: Fertilizers and Chemicals Travancore Ltd (FACT), Chambal Fertilizers and Chemicals Ltd, CCL Products (India) Ltd and Aurobindo Pharma Ltd.
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