Sensex, Nifty likely to start in the red amid weak global cues, Fed’s 25 bps rate hike
Indian stock markets today are expected to start weaker taking cues from US markets post the US Fed’s announcement of a 25 bps rate hike.
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Indian stock markets today are expected to start weaker taking cues from US markets post the US Fed’s announcement of a 25 bps rate hike.
Top stocks to watch today are HAL, Reliance Industries, Hero Motocorp, Nazara Technologies, HG Infra, besides others.
Indian benchmark indices Sensex and Nifty today are expected to start flat with positive bias amid positive handover from US markets ahead of the Fed meet
Shares of HDFC AMC surge over 5% in trade today after multiple block deals in the counter on Monday.
CLSA believes that shares of Reliance can rally upto 35% from current levels and has a target of Rs 2,970 on the stock.
Indian markets today are expected to start in the green on the back of a positive global handover
Top stocks to watch today include shares of HDFC AMC, PVR, Indian Oil, NTPC, CEAT, Uno Minda, PNC Infratech besides others.
Foreign Institutional Investors (FIIs) net sold shares worth Rs 2,546 crore in the cash market on Monday, while DIIs bought shares worth Rs 2,876 crore, data from exchanges showed.
Sensex and Nifty ended lower on Monday, dragged by IT and banking names. However, markets today saw a sharp recovery in the last hour of trade.
Shares of Cochin Shipyard jumped over 5% intraday after the company bagged order worth Rs 550 crore.
The SGX Nifty suggests a favourable start for the BSE Sensex and NSE Nifty 50. Stocks to watch on Wednesday include Bharti Airtel, Adani Power, Adani Wilmar, and Shree Cement.
Stocks to watch today: On Thursday, the National Stock Exchange (NSE) moved Adani Enterprises, Adani Ports, and Ambuja Cements to a group of stocks that demand up to 100% trading margins.
3 Adani stocks were among the 134 that reached a 52-week low today.
Reliance Industries, owned by billionaire Mukesh Ambani, announced a 15% decline in net profit to Rs 15,792 crore for the December 2022 quarter, as increased financing expenses, the new windfall profit tax, and depreciation offset solid operating performance.
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