Stock Market Prediction: Stay away from these stocks including Maruti Suzuki and Hindustan Aeronautics today, there may be a fall

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Highlights

  • Moody’s estimates of strong economic growth will have a positive impact on the market
  • On Thursday, the shares of Maruti, ICICI Bank, IndusInd Bank, HUL, L&T were down.
  • Hero MotoCorp, Colgate India, Johnson Controls may bear the sell-off

New Delhi
On Thursday, there was a strong rally in the stock market. The BSE Sensex jumped 454 points to close at 58,795.09 and the NSE Nifty jumped 121.20 points to close at 17,536.25. According to Narendra Solanki, Head of Equity Research (Fundamentals), Anand Rathi Firm, Moody’s’s estimate of India’s economic growth to be strong had a positive effect on the market. The rating agency has projected a growth rate of 9.3 percent in the financial year 2021-2 and 7.9 percent in 2022-23.

On Thursday, Reliance Industries was the biggest gainer in the Sensex shares, up by more than six percent. ITC, Infosys, Tech Mahindra, Titan, Bharti Airtel and Power Grid were also the major gainers. On the other hand, shares of Maruti, ICICI Bank, IndusInd Bank, HUL and L&T saw a decline.

Which stocks can remain bullish today?
On Friday, the shares of Zee Entertainment, Alok Industries, Indian Overseas Bank, Central Bank and HFCL can see a rise. On the other hand, the shares of Maruti Suzuki India, Hindustan Aeronautics, McLeod Russell, Sterlite Technology and MOIL may face decline.

What are the indications for buying and selling
Today, the shares of Latent View, GSK Pharma, MTAR Technologies, FSN E-Commerce, Home First and TCI Express can be heavily buying. The reason for this is that in the previous trade, they had reached a high of 52 weeks. On the other hand, Hero MotoCorp, Colgate India and Johnson Controls could face selling pressure as they fell to 52-week lows in the previous trade.

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