Stock Market Today: Signs of a negative start in the stock market! Experts warned, investors should be careful
- The market may start with a decline today
- A weak opening of the stock market is possible
- A shock may come as soon as the stock market opens
India Share Market Update: Weak signals were seen in the world market today on Tuesday. The effect of this will also be seen on the Indian stock market. Today, Tuesday, the Indian stock market’s benchmark indices, Sensex and Nifty 50, are likely to open at negative levels. Trends on Gift Nifty also indicate a negative start for the Indian benchmark index. Gift Nifty was trading around 25,637, almost 80 points lower than the previous close of Nifty futures.
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On Monday, Indian stock market indices snapped their two-day losses, with the benchmark Nifty 50 closing above 25,600. The Sensex closed up 650.39 points, or 0.79%, at 83,277.15, while the Nifty 50 gained 211.65 points, or 0.83%, at 25,682.75. On Monday, the Bank Nifty index rose 762.45 points or 1.27% to close at 60,949.10. (Photo Courtesy – Pinterest)
Sumit Bagadia, Executive Director, Choice Broking, Ganesh Dongre, Senior Manager, Technical Research, Anand Rathi, and Shiju Kuthupalakkal, Senior Manager, Technical Research, Prabhudas Lilladhar have recommended eight intraday stocks for investors to buy in today’s trade. Stocks recommended by stock market experts include Bank, Tata Steel, Canara Bank, BDL, Coal India, Siemens, TD Power Systems and JSW Energy.
In today’s trade, investors can focus on shares such as Cochin Shipyard, Lupin, Delhiwari, Texmaco Rail, Reliance Industries, JSW Infrastructure, Highway Infrastructure, iFinance, Embassy Development, TVS Supply Chain Solutions. Chandan Taparia, Head of Derivatives and Technicals, Wealth Management, MOFSL, has recommended three stocks for investors to buy today. Shares recommended by Taparia include Union Bank of India, HDFC Asset Management Company and Power Grid Corporation of India.
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Many major stock exchanges in Asia will be closed for trading on Tuesday, February 17 for the Lunar New Year or Chinese New Year. In mainland China, the Shanghai Stock Exchange and Shenzhen Stock Exchange will be closed from February 16 to February 23, while trading will resume on February 24.
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