Share Market Today: Sensex-Nifty likely to open in the red; Experts have given ‘these’ shares buy signals
- The market is likely to open in the red today due to the fall in Gift Nifty.
- Experts have suggested buying many stocks including DLF, BEL, NTPC.
- Indian Oil, Ola Electric and Tata Steel shares will be the focus of investors today.
India Share Market Update: On May 18, it is predicted that the Indian stock market will start the week in the red today. Major indices of the Indian stock market, Sensex and Nifty 50, are likely to open lower on Monday due to weak cues in global markets. Trends in Gift Nifty are also signaling a negative opening for the Indian benchmark index. The Gift Nifty was trading at 23,539, at a discount of nearly 105 points to the previous close of Nifty futures.
Today’s Gold-Silver Price: Gold and silver prices fall again; So much money to pay for 10 grams
On Friday, the Indian stock market closed lower on profit-taking and the Nifty 50 settled below the 23,650 level. The Sensex closed down 160.73 points, or 0.21 percent, at 75,237.99, while the Nifty 50 fell 46.10 points, or 0.19 percent, to 23,643.50. The Bank Nifty index closed down 418.60 points, or 0.77 per cent, at 53,710.35 points on Friday. Bank Nifty index fell by 2.89 percent during the week. (Photo Courtesy – Pinterest)
Master Capital Services Chief Research Officer, Ravi Singh recommends investors to buy 10 shares for long-term investment. Which includes shares of DLF, Koforge, Bharat Electronics (BEL), SRF, Apollo Hospitals Enterprise, NTPC, Aurobindo Pharma, Coal India, Hindustan Zinc, Multi Commodity Exchange of India (MCX). Investors can buy shares of Latent View Analytics Ltd., Amber Enterprises India Ltd., Graphite India Ltd. and Shreeji Shipping Global Ltd. in today’s trade, advises NeoTrader co-founder and stock research platform MarketSmith India’s Raja Venkataraman.
Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladhar today advised investors to buy and sell AstraZeneca Pharma, Suzlon Energy and Prism Johnson. Jigar S., Senior Manager, Equity Technical Research at Anand Rathi Share & Stock Brokers. Patel has picked stocks like Kotak Mahindra Bank, Ashok Leyland and Bikaji Foods International to buy for the next 1-2 weeks.
Market Outlook : Depreciation of rupee, sale of shares by foreign investors… Will the market decline continue in the new week?
Investors in the Indian stock market today can focus on Indian Oil, Ola Electric, JSW Cement, Vodafone Idea, Hindustan Copper, Tata Steel, Power Finance, Steel Authority of India, Power Grid Corporation of India, Cochin Shipyard, Premier Energies, Bajaj Electricals, Delhivari, Mcure Pharma, NCC. Sumeet Bagdia, Executive Director, Choice Broking, today recommended shares of Conservation Motherson International, Indo Count Industries, Healthcare Global Enterprises, Grindwell Norton and Hindustan Oil Exploration Company to buy for investors.
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