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Here’s The Daily Market Update To Tell You Which Stocks To Invest In Today
With both BSE and NSE closing with losses on Tuesday, it will be a roller coaster ride for the stock markets on Wednesday too
Photo Credit : stock
As expected, the Stock Market witnessed ups and downs on Tuesday. Both Bombay Stock Exchange and National Stock Exchange closed on the red mark. The 30-share BSE index closed at 61,702.29 points, down by 0.17 percent. At the same time, NSE's Nifty also declined by 0.19 percent and closed at 18,385.30 points.
In the middle of the trading day, this fall was very high, but then the market was able to recover its losses to a great extent by buying shares of companies like Reliance Industries and Tata Consultancy Services. Even today, a mixed reaction can be expected from the market.
Names to look out for
RHI Magnesita
Few stocks are showing signs of an upward trend today. Momentum indicator Moving Average Convergence Divergence (MACD) is showing bullish signals on RHI Magnesita. The stock of this company closed at Rs 847.90 with a gain of 3.83% on the last trading day. It has given a return of 8.29% in the last 5 days and 74.34% in one month. Apart from this, the shares of Wipro can also see a boom. It closed on Rs 389.90 on Tuesday
Axis Bank Ltd
At the same time, the shares of Axis Bank Ltd are also showing signs of rise. On Tuesday too, this stock closed sharply. Experts believe that due to the expectation of excellent results in the December quarter, this boom can be sustained. At present the bank's stock is trading at Rs 952.15 and it is expected to cross Rs 1195 mark. A report suggests that Axis Bank has made a lot of changes in the last few years. It has increased the investment in heavy tech by two and a half times, the effect of which is visible on its balance sheet.
PNB Housing
There can be an earning opportunity in PNB Housing and JK Paper as well. PNB Housing yesterday closed at Rs 525.90 with a gain of about 4%. It has given an impressive return of 17.64% in the last five days. Whereas in six months, this figure has reached 61.99%. If we talk about JK paper, it registered a gain of 4.41% on Tuesday. Presently this share is trading at Rs 443.85. It has given a bumper 52.50% return in the last six months.