Share Market Today: Sensex-Nifty likely to remain under pressure, experts advise investing in ‘these’ stocks
- US-Iran talks are predicting volatility and gap-down onset in Indian stock markets today on May 29.
- Experts have suggested many stocks to buy including IDFC First Bank, Indian Hotels, Ola Electric, GMR Power.
- Investors are advised to keep an eye on stocks like Reliance, IREDA, Asian Paints, Indigo and Glenmark Pharma today.
India Share Market Update: Investors have taken a cautious stance due to the ongoing talks on the US-Iran peace deal. Considering this scenario, the major indices of the Indian stock market, Sensex and Nifty 50, are likely to remain volatile today, Friday, May 29. Trends in Gift Nifty are also signaling the beginning of a gap-down for the Indian benchmark index. Gift Nifty was trading at around 23,887, at a discount of nearly 109 points from the previous close of Nifty futures.
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Stock markets were closed on Thursday due to Bakri Eid and BSE and NSE were closed. On Wednesday, the Indian stock market fell for the second straight session, but the benchmark Nifty 50 held above the 23,900 level. The Sensex closed down 141.90 points, or 0.19 percent, at 75,867.80, while the Nifty 50 was down 6.55 points, or 0.03 percent, at 23,907.15. Bank Nifty closed down 239.05 points, or 0.43%, at 54,853.85 on Wednesday. (Photo Courtesy – Pinterest)
NeoTrader co-founder and Raja Venkataraman of stock research platform MarketSmith India recommends five stocks for investors to buy today. These include IDFC First Bank Limited, Computer Edge Management Services Limited, Indian Hotels Company Limited, Netweb Technologies India Limited and Premier Energies Limited. Vaishali Parekh, vice-president of technical research at Prabhudas Lilladhar, picked stocks for investors to buy today including GMR Power, Pine Labs and BF Utilities.
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Sumeet Bagdia, Executive Director, Choice Broking has picked Welspun Corp, Ola Electric Mobility, Granules India, Chennai Petroleum Corporation and IDFC First Bank as stocks to buy for investors today. In today’s trade, investors can keep an eye on Asian Paints, Indigo, Glenmark Pharma, NMDC, IREDA, Reliance Industries, Zydus Lifesciences, Oil India, Ashok Leyland, Godfrey Phillips India, Patanjali Foods, GMR Airports, Physixwala, Bharat Dynamics.
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