Things That Will Decide The Market Today GIFT NIFTY opene | Motilal Oswal - Official📈💸

Things That Will Decide The Market Today

GIFT NIFTY opened 16 points lower at 22,441 signalling that the Indian stock market is headed for a negative start today.

The stock market rebounded after recent losses, followed by investors' focus on upcoming corporate earnings reports offering insight into the U.S. economy's status. The S&P 500 and Nasdaq rose following a six-session downturn, influenced by reassessments of interest rate expectations amidst robust economic data, geopolitical concerns, inflation, and Federal Reserve comments.

The volatility index - India VIX went up by 5.63% to the levels of 12.70 indicating increasing volatility in the market.


Motilal Oswal's Daily Fundamental and Technical Picks

Fundamental Picks (for more than a year)

1) HUL - Target - 2900 (29%)
2) HDFC Bank - Target - 1950 (29%)
3) Dalmia Bharat- Target - 2500 (28%)
4) Max Healthcare- Target - 950 (25%)
5) Adani Ports - Target- 1590 (20%)


Technical Pick (for 2-3 days)

Canara Bank

Previous Close - 600
Target - 635
Potential Upside - 6%