Latest Stock Market News

Rate this item

(1 Vote)

Swaying with the pendulum of market mood can compel the investor to buy during a bubble and sell during a crash. But it is important to understand that such behavior will not lead to superior returns.

Blue-chip indices Sensex and Nifty50 opened lower for the fifth straight session, dragged down by weak global cues and declining financial stocks.

Rate this item

(1 Vote)

In early trading on Friday, the Indian rupee steadied at 83.96 against the US dollar, bolstered by falling crude oil prices and a weaker dollar against major Asian currencies. However, subdued domestic equity markets and significant foreign fund outflows hindered its recovery. The local stock indices saw minimal movement, while FIIs continued their selling spree amid positive Chinese market developments.

Indian market may consolidate on Friday influenced by mixed global cues. Nifty futures closed at 25,478 on Thursday with a loss of 1.89%. Experts recommend short-term buys in stocks like Dalmia Bharat, Angel One, Granules India, Cipla, TCS, Jubilant Pharmova, HDFC Bank, and Vijaya Diagnostic Centre with specified targets and stop losses.

Motilal Oswal Financial Services has sell call on Fine Organic Industries with a target price of Rs 4,095. The current market price of Fine Organic Industries is Rs 5,117.4.

The Nifty Pharma index was trading 0.3 per cent up at 23248.3.

Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.