Stock Market Today: Signs of recovery after stock market decline, know which stocks will be profitable
- Indian stock markets are expected to start higher with a gap-up opening today as the global markets rally and gift Nifty trades around 23,900.
- Although there was a big drop in the market on Thursday, it is considered to be temporary and now there are signs of recovery after the pressure caused by the US-Iran tension.
- Experts have recommended many stocks for today’s trading and advised investors to invest in these stocks by finding the right opportunities, which can bring profits in the short term.
India Share Market Update: It is predicted that the Indian stock market will open on a positive level on April 10. Major indices of the Indian stock market, Sensex and Nifty 50, are likely to open higher on Friday amid a rally in global markets. Trends in Gift Nifty are also signaling a positive opening for the Indian benchmark index. Gift Nifty was trading at 23,942, at a premium of nearly 81 points over the previous close of Nifty futures.
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On Thursday, Indian stock markets fell sharply and the benchmark Nifty 50 closed below 23,800 as hopes of a longer US-Iran ceasefire faded. The Sensex closed down 931.25 points, or 1.20 percent, at 76,631.65, while the Nifty 50 fell 222.25 points, or 0.93 percent, to settle at 23,775.10. The Bank Nifty index closed down 882.20 points, or 1.58 per cent, at 54,821.70 on Thursday. (Photo Courtesy – Pinterest)
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 eight stocks for investors to buy today. These shares recommended by market experts include Belrise Industries, BSE, GAIL, Bank of Baroda (BOB), Dr. These include Reddy’s Laboratories, Cummins India, Thermax and Gujarat Alkalies. Raja Venkataraman, co-founder of NeoTrader and stock research platform MarketSmith India, recommends investors buy five stocks in today’s trade.
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Shares recommended by Raja Venkataraman include Kajaria Ceramics Limited, Bharat Heavy Electricals Limited (BHEL), KSB Limited, Lumax Auto Technologies Limited and Multi Commodity Exchange of India Limited (MCX). Sumeet Bagdia, Executive Director, Choice Broking, has recommended five stocks for investors to buy today. These include GE Vernova T&D India, Isaac Heavy Engineering, Vari Energies, Senores Pharmaceuticals and Power Finance Corporation.
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