India Share Market Update: This is a very important update for investors in the Indian stock market. According to the forecast of stock market experts, the major indices of the Indian stock market, Sensex and Nifty 50, are likely to open at weak levels today, August 7. The trend of GIFT Nifty also indicated a negative start for the Indian benchmark index. GIFT Nifty was trading at around 24,651.5 points, down 88 points from the previous closing price of Nifty Futures.
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The Indian stock market closed in a positive position on Thursday, the benchmark Nifty 50 closed above 24,630. The Sensex closed 373.76 points, or 0.48 per cent, higher at 78,954.76, while the Nifty50 rose 11.35 points, or 0.05 per cent, to settle at 24,636. (Photo courtesy – AI Created)
Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladhar, has recommended three stocks for investors to buy and sell in today’s trading. The stocks selected by Vaishali Parekh include Shriram Finance, BEL and Bharat Dynamics. In today’s trading, investors in the Indian stock market can focus on SBI, Titan Company, Ola Electric, Hindalco Industries, Oil India, Life Insurance Corporation of India, Trent, Apollo Tyres, Britannia Industries, TVS Motor Company, Indian Shipping Corporation, Dabur, Alkem Labs, etc.
According to the advice given by Sumit Bagdia, Executive Director of Choice Broking, investors can consider buying 5 breakout stocks today – Kalyan Jewellers India, Bharat Dynamics, Union Bank of India, Garden Reach Shipbuilders and Engineers and Biocon.
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Sumit Bagdia, Ganesh Dongre and Anand Rathi, Senior Managers at Choice Broking, have recommended eight stocks for investors in the Indian stock market to buy and sell while trading today. The stocks recommended by the experts include Sai Life Sciences Ltd., Exide Industries Ltd., BEML Ltd., Wipro Ltd., Bharat Electronics Ltd. (BEL), City Union Bank Ltd., Triveni Turbine Ltd. and Himadri Specialty Chemical Ltd.