Share Market Today: Gift Nifty Negative Signals; These stocks are recommended by experts for intraday trading

  • The stock market is likely to start with a decline today due to the negative signals of Gift Nifty.
  • Experts have recommended many breakout and intraday stocks for today’s trading.
  • Investors will keep an eye on several stocks including Adani Group, JSW, Nestle, Wipro and HCL Tech.

India Share Market Update: Despite buoyancy in global markets, major indices of the Indian stock market, Sensex and Nifty 50, are expected to open lower today. Trends in Gift Nifty are also signaling a negative opening for the Indian benchmark index. Gift Nifty was trading at 24,109, at a discount of nearly 72 points to the previous close of Nifty futures.

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On Tuesday, the Indian stock market fell for the second straight session and the benchmark Nifty 50 closed below the 24,200 level. The Sensex closed down 238.41 points, or 0.31 percent, at 77,470.11, while the Nifty 50 fell 50.80 points, or 0.21 percent, to settle at 24,187.70. The Bank Nifty index closed down 109.65 points, or 0.19 per cent, at 57,835.35 on Tuesday. (Photo Courtesy – AI Created)

Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladhar, recommends three stocks for investors to buy and sell today. These include Cummins India, Hubtown and Spandana Spurti Financial.

Investors in today’s transactions include Eternal, Adani Power, Nestlé India, Adani Green Energy, Bharat Petroleum Corporation, JSW Energy, Dr. Stocks to focus on include Reddy’s Laboratories, Hindustan Petroleum Corporation, Adani Total Gas, Bharatiya Hotels, Adani Energy Solutions, Bank, Maruti Suzuki, Scient DLM, TVS Holdings, JSW Infrastructure. Sumeet Bagdia, Executive Director, Choice Broking, has picked shares of Rain Industries, Chennai Petroleum Corporation, Balaji Amines, Saint DLM and Inox India to buy for investors today.

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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 and sell during intraday trading today. Stocks picked by experts include Automotive Stampings & Assemblies Ltd, MM Forgings Ltd, Jindal Steel Ltd, Wipro Ltd, HCL Technologies Ltd, Hindustan Zinc Ltd, Shriram Finance Ltd and Sirma SGS Technology Ltd.

(Note: The information in the above article is based on individual analysts and experts. Navarashtra.com does not make any claim. We advise investors to consult certified experts about stocks before taking any investment decision.)

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