Share Market Today: Investors beware! The market may start in the red; Read expert advice before trading
- Indian stock markets are likely to open lower today due to US-Iran tensions and rising crude oil prices.
- Gift Nifty is trading at a discount of 234 points indicating a gap-down opening for Sensex-Nifty.
- Experts suggest stocks to watch today are Sona BLW, Havells India, Gland Pharma, LTM and India Nippon Electricals.
India Share Market Update: Rising tensions between the US and Iran and rising crude oil prices are affecting the stock market. The Indian stock market’s leading indices, Sensex and Nifty 50, are likely to open lower today on Wednesday amid global market volatility. Trends in Gift Nifty are also signaling the beginning of a gap-down for the Indian benchmark index. Gift Nifty was trading at 24225, at a discount of nearly 234 points to the previous close of Nifty futures.
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On Tuesday, the Indian stock market ended its four-day rally and closed lower. The Sensex closed down 104.35 points, or 0.13 percent, at 78,180.72, while the Nifty 50 fell 31.65 points, or 0.13 percent, to settle at 24,398.70. The Bank Nifty index closed down 90.80 points, or 0.16 per cent, at 58,200.70 on Tuesday. (Photo Courtesy: Pinterest)
Investors in the Indian stock market today can focus on Cochin Shipyard, Poonwala Fincorp, Premier Energies, IdeaForge Technology, HCL Technologies, Seagull India, Uno Minda, Glenmark Pharma, Silver Touch Technologies. Sumeet Bagdia, Executive Director, Choice Broking, has recommended five stocks for investors to buy today. Stocks picked by Sumit Bagdia include Sona BLW Precision Forgings, Havells India, Gland Pharma, LTM and India Nippon Electricals.
Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladhar today advised investors to buy and sell three stocks. These include Sagility, Marico and Rashtriya Chemicals and Fertilizers.
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Stock market experts 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 today. Stocks picked by experts include JB Chemicals & Pharmaceuticals Limited, IndusInd Bank Limited, Federal Bank Limited, Swiggy Limited, RBL Bank Limited, ITC Hotels Limited, SBI Life Insurance Company Limited and Rain Industries Limited.
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