Stock Market LIVE: The Sensex closed at 61,319 with a slight gain of 44 points, which also touched the highest level of 61,682 in intraday.
Stock Market LIVE:
Strong selling is being seen in the American markets. Market major indexes like Dow, NASDAQ and S&P broke up to 1.8%. The major reason for this decline is the possibility of increase in interest rates. Its effect is also on the Asian markets. Nikkei and Kospi have also softened by half a percent each. At the same time, the dollar index has also reached 104 with a height of 6 weeks.
Due to the fall in the global markets, there is a possibility of a weak start of the domestic market. Earlier on February 16, a sharp decline was recorded in the market from the upper levels. In the end, the Sensex closed at 61,319 with a slight gain of 44 points, which also touched the highest level of 61,682 in the intraday. Banking and financial stocks were at the forefront of the softening of the market.
Stock Market LIVE: Strong picks from experts
BUY NAVIN FLOURINE
TGT 4500
SL 4200
BUY COCHIN SHIPYARD
TGT 530
SL 485
Stock Market LIVE: Watch Adani Group shares
Adani-Hindenburg dispute will be heard in SC
Stock Market LIVE: Interest rates may increase further
The statement of FED members scares, Fed may increase interest rates more, concern due to increase in inflation in US, decrease in unemployment.
Stock Market LIVE: Brokerage’s view on L&T
Rating – Outperform
Target – Rs 2500
Stock Market LIVE: Brokerage’s view on HAL
Rating – Overweight
Target – Rs 3216
Stock Market LIVE: Strong earning stocks
Buy ABFRL
SL 253
TGT 273
Centrum Broking View
Buy GNFC
SL 543
TGT 564
Anandrathi Securities Picks
BUY CENTRAL BANK
SL 25
TGT 29
Stock Market LIVE: condition of US markets
Dowjones 1.3%
Nasdaq 1.8%
S&P500 1.4%
Stock Market LIVE: Brokerage’s view on Apollo Hospitals
Morgan Stanley on Apollo Hospitals Ent
Rating – Overweight
Target – Rs 5332
Credit Suisse on Apollo Hospitals Ent
Rating – Outperform
Target – Rs 5100
HSBC on Apollo Hospitals Ent
Rating – Buy
Target – Rs 5330
Stock Market LIVE: Condition of International Commodity Market
- Dollar index at 6-week high, near 104
- Dollar index rises on expectation of Fed rate hike
- Global gold below $1850, at 6-week low
- Silver near $21.50, at a 2.5 month low
- Pressure in crude oil, Brent below $85
Stock Market LIVE: Foreign investors’ buying continues
Foreign investors (FIIs) bought Rs 1,570.62 crore yesterday i.e. on 16 February. While domestic investors (DIIs) bought shares worth Rs 1,577.27 crore.