Share Market Today: Slow start for Sensex-Nifty? Pay special attention to these shares today
- Gift Nifty is trading at 24,032 level and Sensex and Nifty are likely to start flat today.
- On Tuesday, the Sensex fell by 561.46 points and the Nifty by 158.95 points to close at 77,054.94 and 24,052.05 respectively.
- Experts have said that there are buying and selling opportunities in many stocks including National Aluminium, Oil India, Acme Solar today.
India Share Market Update: Major indices of the Indian stock market, Sensex and Nifty 50, are expected to open flat today on Wednesday, July 15. However, experts have advised that investors should be careful while trading. Trends in Gift Nifty also indicate a slow start for the Indian benchmark index. Gift Nifty was trading at 24,032, at a premium of nearly 8 points over the previous close of Nifty futures.
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Indian stock markets closed lower on Tuesday, with the benchmark Nifty 50 settling below the 24,100 level. The Sensex closed down 561.46 points, or 0.72 percent, at 77,054.94, while the Nifty 50 fell 158.95 points, or 0.66 percent, to settle at 24,052.05. On Tuesday, the Bank Nifty index closed down 669.15 points, or 1.15 per cent, at 57,462.30. (Photo Courtesy – AI Created)
Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladhar, has selected shares of National Aluminium, Oil India and Acme Solar Holdings for investors to buy and sell today. In today’s trade, investors can focus on stocks such as Union Bank of India, Grove, HDFC Life Insurance Company, HDFC Asset Management Company, ICICI Prudential Life Insurance Company, Tata Elxy, L&T Technology Services, Delhivari, Jammu and Kashmir Bank, Hero Motocorp, Sope Pravas Niojak, NBCC (India), Kirloskar Brothers.
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 seven stocks for investors to buy and sell today. These include JB Chemicals and Pharmaceuticals Limited, Adani Green Energy Limited, Root Mobile Limited, Bank of Baroda, Varun Beverages Limited, ABB India Limited and Ather Energy Limited. Sumeet Bagdia, Executive Director, Choice Broking, has picked shares of JNK India, DEE Development Engineers, Cantabile Retail, Aarti Drugs and Sudarshan Chemical Industries for investors to buy today.
Vikram Kassat’s opinion on pre-market opening
Vikram Kassat, Head of Advisory, PL Capital opined in the pre-market opening that on Tuesday, the US stock market was bullish on the back of excellent earnings by banks, while on the other hand, a disappointing performance led to a sharp drop in IBM shares. These conflicting developments saw the Dow Jones index struggle throughout the day, but the index eventually registered a marginal gain. The Dow closed with a slight gain of 0.02%.
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The Nasdaq gained 0.9% and the S&P 500 gained 0.4%. Banks such as JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and Goldman Sachs all posted better-than-expected earnings and strong revenues from equity trading. On the other hand, shares of IBM fell more than 25% after announcing preliminary financial results that were well below expectations. Oil prices rose sharply in the opening session, but prices came off their highs after President Donald Trump scrapped plans to impose a 20% tariff on ships sailing through the Strait of Hormuz.
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