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Stock Market Today : Watch Out For Everest Industries, HDFC Life

Even as the stock market opened with a boom in the new year, Wednesday saw a speed breaker with both Sensex and Nifty witnessing decline. Today also experts say that the market will see ups and downs

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After a two day shine, the share market witnessed a decline on Wednesday. Market experts had already expressed apprehensions about volatility and the same happened. Selling was seen in almost all the sectors. The Sensex fell 636.75 points to 60,657.45 and the Nifty also registered a decline of 189.50 points. Today i.e. on Thursday, the market is expected to witness ups and downs. However, the shares of some companies are expected to emerge strongly.

Everest, HDFC, May Show Bullish Signs 

Everest Industries and HDFC Life can see a boom today. A look at their previous performance in the market can surely confirm this trend. On a bad day like Wednesday, the share of Everest Industry registered a gain of 6.55 per cent. It is trading at Rs 824.40 and has given a return of 58.29% in the last six months. HDFC Life also closed at Rs 597.90 with an increase yesterday. It is believed that today this stock can cross the figure of 600.

Keep An Eye On Ambuja Cement, ICICI Prudential  

Wednesday was definitely a dull day for Ambuja Cement, which was down by 2.37 per cent. But today, it is showing signs of strength. This share is currently available at a price of Rs 518.35. ICICI Prudential Life also closed on red on Wednesday. This stock, priced at Rs 468.65, has gained 5.56% in the last 5 days and thus can be backed upon. Momentum Indicator Moving Average Convergence Divergence (MACD) has given bullish signals in all these stocks. So, keep an eye on them today.

These Stocks Can Also Shine 

Shares of Hindustan Unilever, Likhitha Infrastructure, SJVN and GR Infraprojects can also be in news today. Hindustan Unilever has bought 19.8 percent stake in Nutritionalab for Rs 70 crore. Likhitha Infrastructure has got an order worth Rs 457.39 crore, while government has agreed to invest in SJVN's 382 MW Sunni dam hydroelectric project in Himachal Pradesh. Similarly, GR Infraprojects is also in news for bagging a big project. The effect of all these developments can be seen on the shares of the companies.