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Stock Market: Market is still under pressure but investors’ sentiment is positive, which stocks to bet on?

Highlights

The Sensex closed at 60,836, down 70 points in the last trading session.
Nifty had come down to 18,053 with a loss of 30 points.
Bet on Whirlpool, PI Industries, HDFC, Larsen & Toubro and TCS.

New Delhi. The Indian stock market has suffered losses in two consecutive trading sessions this week and even today the pressure of the global market is visible. However, the sentiment of domestic investors is looking positive, which is also indicating a recovery after the initial decline of the market today. In today’s business also the market can come out of the initial pressure.

The Sensex had closed 70 points down at 60,836 in the last trading session, while the Nifty had lost 30 points to 18,053. Experts say that even in today’s business, investors will be under pressure from the global market in the beginning, but if their sentiment is positive, then it may increase later. The same thing happened in the last trading session, when the market opened with a fall of about 400 points, but finally closed with a big correction at a loss of only 70 points.

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US and European markets
The effect of raising interest rates by the US central bank Federal Reserve is still visible on investors and this is the reason that the market closed on a decline for the fourth consecutive day in the last trading session. NASDAQ, which is included in the major US stock markets, had seen a big fall of 1.73 percent during the last session.

On the lines of America, most of the stock markets of Europe were also closed on losses during the last trading session. Germany’s stock exchange, one of Europe’s major stock exchanges, was down 0.95 per cent in the previous session, while the French stock market closed down 0.54 per cent. However, there is a gain of 0.64 percent on the London Stock Exchange.

Asian markets mixed trend
Asia markets are showing a mixed trend today. While there is a jump of 0.04 percent on the Singapore Stock Exchange, Japan’s Nikkei is trading down 2.03 percent. There is a tremendous jump of 4.16 percent in Hong Kong, while there is a decline of 0.18 percent in Taiwan. South Korea’s Cospi is also trading at a gain of 0.05 percent. China’s Shanghai Composite is also seeing a big rally of 1.39 percent.

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Keep an eye on these stocks
Despite the pressure today, there are many such stocks which can give profits to investors. Experts say that stocks with high delivery percentage remain in the eyes of investors even under pressure and betting on them can be a good deal. Today’s high delivery percentage includes companies like Whirlpool, PI Industries, HDFC, Larsen & Toubro, and TCS.

Tags: BSE Sensex, Business news in hindi, Nifty50, Share market, stock market today

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