These 5 stocks can see a boom in the stock market next week, keep an eye to earn profits

These 5 stocks can see a boom in the stock market next week, keep an eye to earn profits

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New Delhi: Markets were down on Friday due to weak opening in European markets and selling in stocks of companies making daily consumption goods, information technology and technology companies. Weakness was seen in the major stock indices Sensex and Nifty for the second consecutive day. According to traders, the selling pressure in the shares of major companies like Reliance Industries also led to weakness in the market. During this period, the BSE’s 30-share index Sensex fell 223.01 points, or 0.35 percent, to close at 62,625.63. At one point in the day’s trade, it fell 253.9 points, or 0.40 percent, to 62,594.74. Similarly, the NSE index Nifty also fell 71.15 points, or 0.38 percent, to close at 18,563.40.

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These stocks closed with gains

Among the Sensex group stocks, Tata Steel lost the most by 2 per cent. Apart from this, SBI, Hindustan Unilever, HCL Technologies, Infosys, ITC, Asian Paints, Mahindra & Mahindra, Tech Mahindra, Tata Consultancy Services and Reliance Industries also closed with losses. On the other hand, gains in IndusInd Bank, Axis Bank, Larsen & Toubro, Power Grid, UltraTech Cement and Tata Motors were recorded. Other major Asian bourses closed with gains on South Korea’s Cospi, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hangseng.

European markets were trading with a fall in the afternoon session. US markets registered gains on Thursday. On Thursday, the BSE Sensex closed 294.32 points, or 0.47 percent, down at 62,848.64, while the NSE Nifty was down 91.85 points, or 0.49 percent, at 18,634.55. Let us know which stocks can rise in the stock market next week.

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keep an eye on these stocks

The stock market may see a boom in many stocks next week. According to experts, Tata Power shares may see a rally. It has been advised to buy for a target of Rs 260. The company is the largest integrated power company in the country. The company’s focus has increased on solar solutions and EV charging. The company has about 1.4 crore customers. Experts have a buy recommendation on RITES with a target of Rs 476. The company is associated with Transport and Infra. The order book of the company is Rs 5870 crore. The company is working on about 700 projects. Ship builders Garden Reach Shipbuilders may see a target of Rs 700. The company has a strong order book of 24 thousand crores. Apart from this, experts have also advised to buy shares of UPL and Aditya Birla Sun Life.

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