Share Market Today: Investors beware! The market will start in the red color… experts have indicated
- Sensex and Nifty may start gap-down today as indicated by Gift Nifty.
- Experts suggest several stocks to buy, including Saregama India, Tech Mahindra, NMDC and Koforge.
- Investors can keep an eye on Ola Electric, Wipro, Axis Bank and NHPC stocks in today’s trade.
India Share Market Update: It is predicted that the Indian stock market will open in the red today on June 2. The Indian stock market’s major indices, Sensex and Nifty 50, are likely to open lower on Tuesday, according to expert forecasts. Trends in Gift Nifty are also signaling the beginning of a gap-down for the Indian benchmark index. Gift Nifty was trading at 23,262, at a discount of nearly 200 points from the previous close of Nifty futures.
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The Indian stock market fell sharply on Monday and the benchmark Nifty 50 closed below the 23,400 level. The Sensex closed down 508.40 points, or 0.68 percent, at 74,267.34, while the Nifty 50 fell 165.15 points, or 0.70 percent, to settle at 23,382.60. The Bank Nifty index closed down 596.10 points, or 1.10%, at 53,643.10 on Monday. (Photo Courtesy – Pinterest)
NeoTrader co-founder and Raja Venkataraman of stock research platform MarketSmith India has recommended four stocks for investors to buy today. These include Saregama India Limited, Tech Mahindra Limited, National Aluminum Company Limited and Happy Forgings Limited. Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladhar, picked stocks for investors to buy today, including NMDC, IGL and Coforge.
In today’s trade, investors can focus their attention on stocks like Ola Electric Mobility, Wipro, NHPC, Anant Raj, Axis Bank, Eicher Motors, Equitas Small Finance Bank, ACME Solar Holdings, PNC Infratech, Fino Payments Bank. Sumeet Bagdia, Executive Director, Choice Broking, has recommended five stocks namely Rategen Travel Technologies, Chennai Petroleum Corporation, NBCC (India), Redington and LTM for investors investing in the Indian stock market in today’s trade.
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Vishnukant Upadhyay of Master Capital Services and Akash Shah of Choice Broking recommend the following five stocks to buy for the next 1-2 weeks. Which includes Aegis Logistics, CG Power & Industrial Solutions, NBCC (India), Shelley Engineering Plastics, JBM Auto, Aegis Logistics.
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