Stock Market Today:Easy Trip Makes It A Smooth Ride For Investors, Watch Out For Tata Metaliks, TV 18

After a green mark on Friday, the stock market closed with a decline on this week’s first trading day i.e. Monday. This can be largely contributed to the withdrawal of money from the market by the foreign institutional investors. Although, the market saw a boom in the beginning and it seemed that it would make up for the shortfall of the past days, but the boom could not be maintained till the end. The BSE Sensex fell 168.21 points to close at 60,092.97 and the NSE Nifty fell 61.75 to close at 17,894.85. There is a possibility of fluctuating trend in the market even today.

Bullish Signs In These Stocks Today

Momentum Indicator Moving Average Convergence Divergence (MACD) has given bullish signals in some stocks today. These include IndusInd Bank, Ambuja Cements, Easy Trip Planners and Lemon Tree Hotels. If we look at the past performance of these stocks, it will be easier to catch a profitable deal.

The shares of Easy Trip Planners gave a stupendous return of 8.83% yesterday. It is currently trading at Rs 56.05 and has shown a consistent rise in the last 5 days.

IndusInd Bank closed at Rs 1,237.45 on Monday with a slight gain. It has given a return of 2.36 per cent in last 5 days and 45.40 per cent in six months. It is moving towards its 52-week high level of Rs 1,275.80.

These Stocks May Jump Today

Shares of Ambuja Cement registered a decline on Monday and closed at Rs 516, down by 0.51 per cent. There is a slump in this stock in the last five days but experts feel that since it has given a return of 39.20 per cent in the last six months, it may see a boom.

Similarly, the shares of Lemon Tree Hotels also closed at Rs 78.80 yesterday, down by more than one per cent, but today it can register a strength.

Watch Out For These

Here’s a look at the stocks which might be in news today. ICICI Lombard General Insurance Company closed at Rs 476.55 yesterday with a rise of 1.49 per cent and experts say that it will see a boom today as well. Bank of India, trading at Rs 97.80, too closed with a jump of 1.45 per cent.

Newgen Software Technologies Ltd closed at Rs 405.85, up by 6.09 per cent and may continue to see a boom even today.

Also watch out for ICICI Prudential Life Insurance Company, Delta Corp, Eris Lifesciences, Hathway Cable & Datacom, Mastek, Metro Brands, Network18 Media & Investments, TV18 Broadcast, Shalby and Tata Investment Corporation.

The quarterly results of Tata Metaliks Limited are expected today and its effect will be seen on the shares of the companies. Apart from this, keep an eye on the shares of Siemens, NTPC, and Ashoka Buildcon today.