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

Things That Will Decide The Market Today

GIFT NIFTY opened 12 points higher at 22,385 signalling that the Indian stock market is headed for a positive start today.

The S&P 500, Nasdaq, and Dow Jones indexes all reached record highs due to optimism about potential interest rate cuts by the Federal Reserve, driven by lower-than-expected consumer inflation. Technology stocks led the surge, with the Dow nearing the 40,000 mark.

The volatility index - India VIX advances by 0.38% to the levels of 20.27 indicating increased volatility in the market.


Motilal Oswal's Daily Fundamental and Technical Picks

Fundamental Picks (for more than a year)

1) L&T - Target - 4400 (29%)
2) Cipla - Target - 1720 (22%)
3) Polycab - Target - 7500 (16%)
4) Dmart - Target - 5310 (14%)
5) SBI - Target- 925 (13%)


Technical Pick (for 2-3 days)

BPCL

Previous Close - 625
Target - 660
Potential Upside - 6%