Share Market Today: Impact of Global Cues on Indian Markets; Likely to have a flat start, keep an eye on ‘these’ stocks
- Gift Nifty sees a premium of 22 points and the market is likely to open flat.
- Vaishali Parekh recommends stocks like Angel One, ICICI Bank and ABB India.
- Investors can keep an eye on shares of BEL, BPCL, Indian Oil, Lupine and Adani Group in today’s trade.
India Share Market Update: The Indian stock market saw a boom on Monday, May 18. The stock market closed higher on Monday. But all investors are paying attention to what will happen today. The mixed cues in global markets are predicting that major Indian stock market indices, Sensex and Nifty 50, are likely to open on a sluggish note on Tuesday, May 19. Trends in Gift Nifty also point to a flat start for the Indian benchmark index. Gift Nifty was trading at a level of around 23,680, at a premium of nearly 22 points over the previous close of Nifty futures.
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On Monday, the Indian stock market recovered sharply from the day’s lows and settled with a positive trend. The Sensex closed up 77.05 points, or 0.10 percent, at 75,315.04, while the Nifty 50 gained 6.45 points, or 0.03 percent, at 23,649.95. The Bank Nifty index closed down 173.35 points, or 0.32 per cent, at 53,537.00 on Monday. (Photo Courtesy – Pinterest)
Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladhar, has recommended three stocks for investors to buy and sell in today’s trade. Shares recommended by Vaishali Parekh include Angel One, ICICI Bank and ABB India. Investors in the Indian stock market today can focus their attention on the stocks of Bharat Electronics, Bharat Petroleum Corporation, Mankind Pharma and Zydus Lifesciences, Lupine, Indian Oil Corporation, Eicher Motors, Adani Group, Astral, Afcons Infrastructure, Apollo Micro Systems, Domes Industries, Vascon Engineers.
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Sumeet Bagdia, Executive Director, Choice Broking, today on Tuesday invited investors to buy Knowledge Marine and Engineering Works, Shipping Corporation of India, PB Fintech, Kingfa Science and Technology (India) and Dr. Lal Path Labs has selected these 5 stocks. Investors may consider buying shares of Sun Pharmaceutical Industries (BSE) and PB Fintech today, advises Chandan Taparia, Head, Derivatives & Technicals, Wealth Management, Motilal Oswal Financial Services Ltd.
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