Stock Market Today: US-Iran tensions ease; Indian stock market is likely to rise today

  • Indian stock markets are likely to open with a gap-up today on the prospect of US-Iran talks and positive global cues.
  • Gift Nifty is trading at a premium of around 370 points, indicating a bullish market.
  • Experts recommend investing in several stocks including Dixon Technologies, Infosys, L&T, Vedanta and Adani Power.

India Share Market Update: US-Iran talks are likely to resume and there are early signs of easing tensions in the Middle East conflict. Due to this, the positive signals in the global market are also affecting the Indian stock market. On the back of positive cues from global markets, major indices of the Indian stock market, Sensex and Nifty 50, are likely to open higher on Wednesday. Trends in the Gift Nifty are also signaling a gap-up opening for the Indian benchmark index. Gift Nifty was trading at 24,229, at a premium of nearly 370 points over the previous close of Nifty futures.

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On Tuesday, April 14, Dr. BSE and NSE are closed for trading on the occasion of Babasaheb Ambedkar Jayanti. The Indian stock market fell sharply on Monday with the benchmark Nifty 50 closing below the 23,900 level. The Sensex closed down 702.68 points, or 0.91 per cent, at 76,847.57, while the Nifty 50 shed 207.95 points, or 0.86 per cent, at 23,842.65. Bank Nifty closed down 307.70 points, or 0.55%, at 55,605.05 on Monday. (Photo Courtesy – Pinterest)

Rahul Ghosh, founder and CEO of Octanom Tech and Hedged.in, has selected 10 stocks to invest in for the long term. The stocks selected by Rahul Ghosh include Dixon Technologies, Infosys, Eternal, Sun Pharmaceutical Industries, Larsen & Toubro (L&T), Hindustan Aeronautics (HAL), ICICI Bank, SBI Life Insurance Company, Bharti Airtel, Titan Company. Raja Venkataraman, co-founder of NeoTrader and stock research platform MarketSmith India, has recommended five stocks for investors to buy in today’s trade. Shares recommended by experts include Indian Bank, EPL Ltd, Vedanta Ltd, Welspun Corp Ltd and Adani Power Ltd by Raja Venkataraman, co-founder of NeoTrader and stock research platform MarketSmith India.

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In today’s trade, investors can focus their attention on the shares of Life Insurance Corporation of India, Hindustan Aeronautics, State Gas Company GAIL (India) Limited, ICICI Prudential AMC, Anand Rathi Share, Hindustan Zinc, Railtel Corp, Bharatiya Pardeshi Bank, Minda Corporation, HG Infra Engineering. Sumeet Bagdia, Executive Director, Choice Broking has recommended five stocks to buy for Indian stock market investors today, namely Accums Drugs & Pharmaceuticals, HBL Engineering, Sona BLW Precision Forgings, Mcure Pharmaceuticals and NLC India.

(Note: The information in the above article is based on individual analysts and experts. Navarashtra.com does not make any claim. We advise investors to consult certified experts about stocks before taking any investment decision.)

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