Stock Market Today: Today’s stock market will open in the red, experts warn to be cautious
- War has a big impact on the market! Sensex-Nifty likely to open in the red today
- Investors worried about rising crude oil prices; Bearish signals in the market today
- US-Iran tensions hit the stock market; Big fall in Gift Nifty
India Share Market Update: The ongoing US-Iran war in the Middle East and the rise in crude oil prices are having a negative impact on the stock market. Major indices of the Indian stock market, Sensex and Nifty 50, are likely to open lower and in the red today on March 30. Which will add to last week’s losses. Trends in Gift Nifty are also signaling the beginning of a gap-down for the Indian benchmark index. Gift Nifty was trading at 22,551, at a discount of nearly 266 points from the previous close of Nifty futures.
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The Indian stock market took a hit on Friday with the benchmark Nifty 50 falling below the 23,000 level. The Sensex closed down 1,690.23 points, or 2.25 percent, at 73,583.22, while the Nifty 50 was down 486.85 points, or 2.09 percent, at 22,819.60. After a recent pullback attempt, the Bank Nifty index closed down 1,433.50 points, or 2.67%, at 52,274.60 on Friday. (Photo Courtesy – Pinterest)
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Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladhar, recommends three intraday stocks for investors to buy or sell in today’s trade. Shares recommended by Vaishali Parekh include ONGC, Aster DM Healthcare, Nalco. Sumeet Bagdia, Executive Director, Choice Broking, has recommended five stocks for investors to buy in today’s trade. Shares recommended by Sumit Bagdia to investors today include National Aluminum Company, NLC India, Honasa Consumer, Aether Energy and Aurobindo Pharma.
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