Stock Market LIVE: Yesterday Sensex closed down 311 points at 60,691.54 and Nifty closed down 97 points at 17,847.05. Banking and financial shares had been at the forefront of the market decline.
Stock Market LIVE:
There are mixed signals from the global market. In the Asian markets, Japan’s Nikkei and Kospi are trading in the green mark with slight strength. While there is a selloff in the US futures markets. Dow FUT, NASDAQ FUT are trading down. At the same time, there was sluggishness in the prices of crude oil and gold. SGX Nifty has also started with a decline. In such a situation, the beginning of the Indian stock market is expected to remain flat.
Earlier on Monday, there were ups and downs in the Indian stock market. The flat open market finally closed with a sharp decline. In this, the Sensex closed down 311 points at 60,691.54 and the Nifty closed down 97 points at 17,847.05. Banking and financial shares had been at the forefront of the market decline. The biggest loser in the Nifty was Adani Ent’s share, which lost 6%.
Stock Market LIVE: Brokerage’s radar stocks
JP Morgan on Power Grid
Rating – Overweight
Target – Rs 250
Stock Market LIVE: Action will be seen on the basis of news
Supreme Court stayed the order of NCLAT
CCI’s recovery proceedings also stayed
Company to deposit additional 10% penalty amount for complying with the instructions
Where will be the earnings in the commodity market
Stock Market LIVE: Where will be the earnings in the commodity market
SELL GOLD APR @ 56400 STOPLOSS 56600 TGT 56000
SELL SILVER MAR @ 66000 STOPLOSS 66500 TGT 65200
BUY CRUDE FEB @ 6380 STOPLOSS 6280 TGT 6550
BUY COPPER FEB @ 776 STOPLOSS 772 TGT 785
BUY ZINC FEB @ 274 STOPLOSS 270 TGT 278
Stock Market LIVE: Stocks in focus
Cummins India: Interim dividend of Rs 12 per share
MRF: Rs 3 per share
Stock Market LIVE: Brokerage’s radar stock
Rating – Buy
Target – Rs 3300
Stock Market LIVE: Action possible due to news
Promoter Shobha Gangwal PAC sold 4.05% stake
stake reduced from 7.04% to 2.99%
Stake was sold on February 16 through a block deal
Stock Market LIVE: Shares in focus due to news
Company signs MoU with DMRC led SPV for Bahrain Metro
BEML will do the manufacturing and supply of Metro Rolling Stock
DMRC will provide expertise for many works including project development under MoU
Stock Market LIVE: Shares with news
Subsidiary signed MoU with Government of Gujarat
MoU signed for manufacturing plant of VAE, VAM at Dahej
Stock Market LIVE: Brokerage rating on Bharti Airtel
Rating – Overweight
Target – Rs 860
Stock Market LIVE: The condition of the global commodity market
Brent $84 and WTI crude futures flat below $78
Record breaking oil demand expected from China this year
Strong dollar index curbs rise in commodities
Gold flat at 6-week low, silver near 2.5-month low
All LME metals closed with a gain of 1.5 to 5%.