Share Market LIVE: Sensex up 300 pts, Nifty near 16550 on F&O expiry, support at 16450; RIL top gainer, up 3%

Share Market LIVE: Sensex up 300 pts, Nifty near 16550 on F&O expiry, support at 16450; RIL top gainer, up 3%

Market news sharing today

Sensex, Nifty, Direct Stock Price: Indian equity market is opened with small cuts on the expiration day of F&O in the middle of a calm global sentiment. The two indexes then peel the loss and trade a little higher. BSE Sensex holds a light profit of around 100 points and NSE nifty is widely unchanged at 16,520. Sectorally, the automatic and financial indexes each decrease half percent while the purchase is seen in the name of oil & gas and metal. In a wider market, the BSE Midcap and Smallcap indexes are opened flat. Among the Sensex-30 shares, Hul, ITC, HDFC Twins, Nestle and NTPC are the top slow, down to 1.3 percent. Reliance, TCS, Tata Steel, while the top reinforcement.

The benchmark index was discussed in the morning loss in an afternoon agreement and traded green. Sensex rose 285.36 points or 0.52% at 55,666.53, and Nifty added 62.70 points or 0.38% at 16,585.50.

Sensex to reach fresh height, Nifty Mei Top 18700 in 12 months; Volatility offers an attractive opportunity
NSE NIFTY 50 and BSE Sensex can rise to the highest level of all time in the next year, supported by healthy income growth, analysts at ICICI Direct have been projected. The brokerage company has moved the 12 -month rolling target for Nifty 50 to 18,700 which is not only fresh all time but will be translated to 13% reversed for the benchmark index of the closing price on Wednesday. The appropriate target for Sensex is 62,300. However, the target is a downward revision by Icici Direct. Reports written by Pankaj Pandey – Head of Research, Icici Direct, noted that the company’s revenue, true economic health barometer, was quite tough. Nifty reached the highest of all 18,604 in October and Sensex touched 62,245 in the same month.

Nifty is expected to remain in the range, Bank Nifty may outperform

Today, we witnessed formations that have long been built in shares such as Crompton, Volta, Federal Bank, Cipla, Coalindia, Polycab, Hal etc. While short buildups are seen at counters such as Apollo Hosp, Hero Moto, UBL, Apollo Tire etc. Nifty is expected to remain within the while Bank Nifty might outperform. Traders are advised to implement a buying strategy to the decline in the support zone. At the current point, we suggest that with selective stocks and people can look for opportunities to buy in shares such as Reliance, Bajaj Finance, Voltas and Hal. “

Stock in the Highest Record at BSE

Raymond shares, Apcotex industry, creditacess grameen, good organic industry, HBl power system, TD power system, Kei and Mirza International industry from the Allcap S&P BSE index have reached their respective records in BSE in Thursday trading in the opposite range Bound.

Nifty can rise to 18400 by Mar’23, ‘Growth at a reasonable price’ may outperform; This big caps might collect 44%

BSE Sensex and NSE NIFTY 50 are very fluctuating in May behind a higher inflation mold in the US market and expectations of an increase in aggressive levels by the US federal reserve which produces weaker economic cues worldwide. In addition, RBI surprised the market with an increase in the 40bps repo tariff in an unjected MPC meeting, highlighting negative sentiment. Axis Securities rolled out its good target to Mar’23 to 18,400 by assessing 20x on the previous Fy24 vs 22x revenue

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