2024-05-08 06:31:08
Things That Will Decide The Market Today GIFT NIFTY opened 9 points lower at 22,396 signalling that the Indian stock market is headed for a negative start today.
The S&P 500 and Dow Jones ended slightly higher on Tuesday, continuing recent gains driven by expectations of Federal Reserve interest rate cuts. The S&P 500 marked its fourth consecutive higher close, while the Dow is on the longest positive run since December, 2023, gaining for the fifth session in a row.
The volatility index - India VIX increased by 2.45% to the levels of 17.01 indicating increased volatility in the market.
Motilal Oswal's Daily Fundamental and Technical Picks
Fundamental Picks (for more than a year)1) KEI Ind - Target - 5000 (30%)
2) L&T - Target - 4400 (28%)
3) ICICI Lombard - Target - 2100 (25%)
4) JSW Infra - Target - 300 (23%)
5) Bharti Airtel - Target- 1570 (22%)
Technical Pick (for 2-3 days)TCS
Previous Close - 3978
Target - 4150
Potential Upside - 4%
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