2024-04-30 06:30:06
Things That Will Decide The Market Today GIFT NIFTY opened 12 points higher at 22,797 signalling that the Indian stock market is headed for a positive start today.
On Monday, U.S. stocks ended higher, followed by significant gains from Tesla and Apple, as investors awaited the Federal Reserve's stance on interest rates following its upcoming policy meeting. Traders expected the Fed to maintain rates and adopt a hawkish tone. Tesla's stock soared by 15.3% due to advancements in securing regulatory approval for its driver-assistance program in China, a key market alongside the U.S.
The volatility index - India VIX increased by 11.99% to the levels of 12.24 indicating increased volatility in the market.
Motilal Oswal's Daily Fundamental and Technical Picks
Fundamental Picks (for more than a year)1) Bharti Airtel - Target - 1570 (18%)
2) ABB - Target - 7500 (17%)
3) Zomato - Target - 220 (17%)
4) Shriram Finance - Target - 2900 (16%)
5) Voltas - Target- 1650 (13%)
Technical Pick (for 2-3 days)TATA Power
Previous Close - 448
Target - 470
Potential Upside - 5%
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