The two day rally of the stock market ended with a fall on Thursday. The weak trends of the global market affected the Indian stock market as well, with the foreign institutional investors withdrawing money. The BSE Sensex came down by 187.31 points to close at 60,858.43 while the NSE Nifty closed at 18,107.85, down by 57.50 points.
Experts say that Friday too may be a day of ups and downs.
Bet On These Stocks Today
The Momentum Indicator Moving Average Convergence Divergence (MACD) has shown a bullish trend on Hindustan Zinc, HDFC Bank, ONGC and Usha Martin. Usha Martin is one of the leading players in the wire rope industry, founded in 1960 in Kolkata. The stocks of this company showed an impressive jump of 6.20 per cent to close at Rs 202.25 on Thursday. This stock has climbed 10.40 per cent in the last five days and 36.42 per cent in the last six months. It is slowly inching towards its 52 week high of Rs 204.85.
These Stocks Saw A Good Momentum
The stocks of Oil and Natural Gas Corporation (ONGC) also saw a boom on Thursday. It closed at Rs 151.40 with a gain of 1.44 per cent. In the last six months, ONGC has given a return of 14.22 per cent to its investors.
HDFC Bank also saw a gain on Thursday. It closed at Rs 1640.10 with a gain of 0.17 per cent. In the last five days it has shown an upward trend of 0.17 per cent.
The stock of Hindustan Zinc gained about 4.28 percent yesterday and closed at Rs 376.80. It is moving towards its 52 week high of 383.
Hindustan Unilever (HUL), PVR and Canfin Homes have registered profits and these stock prices can go up now.
Quarterly Results To Be Released Today
Meanwhile, the quarterly results of these companies are expected to be released today and that will affect their market position as well - Reliance Industries, HDFC Life Insurance Company, JSW Steel, LTIMindtree, Union Bank of India, Bandhan Bank, RBL Bank, Aether Industries, Atul, Coforge, DCM Shriram, Heritage Foods, Indian Energy Exchange, JSW Energy, NELCO, Petronet LNG, Ramkrishna Forgings, Shakti Pumps and Tanla Platforms.