Business Tips of the Day: Keep an eye on these stocks including Mankind Pharma today, signs of boom, bumper earning opportunity – business tips today 10th May 2023 shares to watch tata motors and ongc
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The 30-share BSE Sensex was in profit for most of the time during the trade. But before the end of the business, it closed at 61,761.33 points with a slight decline of 2.92 points amid fluctuations. During trading, it went up to 62,027.51 points in high and came down to 61,654.94 points in the bottom.
The National Stock Exchange’s Nifty closed at 18,265.95 points with a slight gain of 1.55 points, or 0.01 percent. ITC, State Bank of India, Bajaj Finance, NTPC, PowerGrid, ICICI Bank, Kotak Mahindra Bank and UltraTech Cement were major losers among Sensex companies.
On the other hand, gainers included IndusInd Bank, Tata Consultancy Services, Axis Bank, Mahindra & Mahindra, Tata Motors, HCL Technologies, Asian Paints, Wipro, HDFC and Maruti. In other markets in Asia, South Korea’s Cospi, China’s Shanghai Composite and Hong Kong’s Hangseng were in loss while Japan’s Nikkei was in profit.
Which stocks will remain volatile
According to the Momentum Indicator Moving Average Convergence Divergence (MACD), Axis Bank, NMDC, Orient Paper, Mahanagar Gas and Varun Beverages may see a boom on Wednesday. On the other hand, Indiabulls Real Estate, GMR Airports, Bank of India, Bank of Baroda and UCO Bank may decline. Explain that MACD is known for indicating trend reversal in traded securities or indices. When the MACD crosses the signal line, it indicates a bullish trend. This indicates that an upward movement can be seen in the share price. Similarly, it also indicates recession.
Strong buying seen in these stocks
The stocks which are seeing strong buying by investors include Mankind Pharma, Firstsource, Mahanagar Gas, KEI Industries and Varun Beverages. At the same time, selling pressure is being seen in many stocks. Shares under selling pressure include Sumitomo Chemical, TCNS Clothing and BEML Land Assets.
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talk to a financial advisor
It is not right to invest in the stock market without knowledge. Before investing in the shares of any company, do talk to your financial advisor once. If you do not do this, you may have to suffer financially.
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