Buzzing Stocks: BPCL, Berger Paints, Mahindra Holidays and others that will be in focus today
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Market at pre-open: Benchmark indices are trading higher in the pre-opening session amid mixed global cues.
At 09:02 IST, the Sensex was up 295.32 points or 0.58% at 50932.85, and the Nifty was up 30.40 points or 0.20% at 15238.90.
FII and DII data
Foreign institutional investors (FIIs) net bought shares worth Rs 959.77 crore, while domestic institutional investors (DIIs) net sold shares worth Rs 563.59 crore in the Indian equity market on May 25, as per provisional data available on the NSE.
Hot Stocks | Can Bet On Zee Entertainment, Tech Mahindra, L&T For The Short Term
In the upcoming sessions, the bias is likely to remain in favour of bulls and we expect the market to rally towards its all-time highs. Read on to know why these 3 stocks are a buy in short term
Oil prices were steady on Wednesday as concerns a possible resumption in Iranian supply would cause a glut were offset by hopes for stronger US fuel demand after a drop in weekly inventory estimates by the American Petroleum Institute
Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services:
The overall structure of the market remains positive as many states are planning to ease restrictions in June which will help in revive economic activities. Stimulus if announced by government will further provide support to much needed sectors. Thus, as the 2nd Covid-19 wave recedes in India (active cases down ~1/3rd in 3 weeks from the recent peak) and pace of vaccination picks up in rest of the CY21, we hope and expect the journey will become little more smoother.
Easing of inflation worries by Fed further adds to the positivity. Investors this week would watch out for US GDP data on global front while monthly F&O expiry would keep markets volatile on domestic front.
Gold prices held firm near a 4-1/2-month high on Wednesday as a drop in US Treasury yields and a weaker dollar supported the safe-haven metal.
Trade Spotlight: What Should Investors Do With Panacea Biotech, Route Mobile & Finolex Cables?
Here’s what Mazhar Mohammad of Chartviewindia.in recommends investors should do with these stocks when the market resumes trading today:
Asian Markets trade firm:
SGX Nifty: Trends on SGX Nifty indicate a flat to negative start for the broader index in India, with a loss of 46.50 points or 0.30 percent. The Nifty futures were trading around 15,203 level on the Singaporean Exchange.
Wall Street ends lower:
US stocks closed slightly lower on Tuesday, and each of Wall Street’s main indexes failed to stray far from the unchanged mark following a rally in the prior session as investors continue to try and assess the route of inflation.
The Dow Jones Industrial Average fell 81.52 points, or 0.24%, to 34,312.46, the S&P 500 lost 8.92 points, or 0.21%, to 4,188.13 and the Nasdaq Composite dropped 4.00 points, or 0.03%, to 13,657.17.