Share Market Today: Will Sensex-Nifty open with a fall? Experts advised to keep an eye on ‘these’ shares
- Gift Nifty falling by 179 points has given negative signals for the market.
- Experts have advised several stocks to watch, including Canara Bank, Tata Consumer and Swiggy.
- The US-Iran tension has put pressure on the market by increasing crude oil prices.
India Share Market Update: Crude oil prices are seeing a rise after the US and Iran rejected the peace proposal. Experts say that this is having a negative effect on the stock market. Major indices of the Indian stock market, Sensex and Nifty 50, are expected to open lower today, Monday, May 11 due to mixed cues in global markets. Trends in Gift Nifty are also signaling a negative opening for the Indian benchmark index. Gift Nifty was trading at 24,055 level, at a discount of nearly 179 points from the previous close of Nifty futures.
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On Friday, the Indian stock market fell for the second straight session and the Nifty 50 closed below the 24,200 level. The Sensex closed down 516.33 points, or 0.66 percent, at 77,328.19, while the Nifty 50 fell 150.50 points, or 0.62 percent, to settle at 24,176.15. The Bank Nifty index closed down 736.85 points, or 1.31%, at 55,310.55 on Friday. Let’s know what will happen in the stock market on the first day of the week. (Photo Courtesy – Pinterest)
As advised by the experts, investors can focus their attention on shares of Canara Bank, Indian Hotels, JSW Energy, Swiggy, Multi Commodity Exchange, Urban Company, Tata Consumer Products, Hyundai Motor, Bank of Baroda, Bajaj Healthcare. NeoTrader co-founder and Raja Venkataraman of stock research platform MarketSmith India today recommended five stocks for investors to buy on Monday. The stocks picked by Venkataraman include Metropolis Healthcare Limited, Bharat Forge Limited, Timken India Limited, EClerks Services Limited and Action Construction Equipment Limited.
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Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladhar, has selected three stocks for investors to buy and sell in today’s trade. Accordingly, investors can also keep an eye on shares such as Morpain Laboratories, Reliance and AU Small Finance Bank today. Choice Broking Executive Director Sumeet Bagdia advised investors trading in the Indian stock market today to buy shares of Asian Paints, Kane’s Technology India, Tata Consumer Products, VST Industries and Radico Khaitan.
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