Today in the stock market, including Ujjivan Small Finance, all the signs of boom are visible in these stocks
[ad_1]
The Nifty of the National Stock Exchange (NSE) also closed at 18,716.15 points with a gain of 114.65 points, or 0.62 percent. This was the second consecutive day of rally in the stock markets. Among the Sensex companies, ITC, Titan, Asian Paints, Reliance Industries, Tata Steel, Bajaj Finserv, Axis Bank, Hindustan Unilever, Infosys, Bajaj Finance, Nestle and ICICI Bank were among the gainers.
On the other hand, Kotak Mahindra Bank, Mahindra & Mahindra, HCL Technologies, State Bank of India, Bharti Airtel and Tata Motors suffered losses. In the broader markets, the BSE Midcap index was up 1.17 per cent and the Smallcap index was up 0.82 per cent.
The price of a share of tire company MRF Ltd had crossed Rs 1 lakh in the day’s trade. This is the first time that the share price of a company has crossed Rs 1 lakh. The company’s stock had closed at Rs 99,950.65 after reaching Rs 1,00,300.
According to analysts, domestic equity markets remained upbeat on positive macro-economic data released a day earlier. Retail inflation eased to a 25-month low of 4.25 per cent in May, while industrial production expanded by 4.2 per cent in April. These figures have given positive signals about the economy.
On the BSE, 2,117 scrips closed with gains, while 1,469 scrips declined. On the other hand, there was no change in the prices of 136 shares. South Korea’s Kospi, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hangseng closed with gains in other Asian markets. Most of the European markets were trading with gains in the afternoon session. A day earlier on Monday, an increase was also registered in the American markets. Let us know which stocks can remain in trend today.
There is a boom in these stocks
The Momentum Indicator Moving Average Convergence Divergence (MACD) is showing a bullish trend on Dish TV India, Ujjivan Small Finance, GAIL and Samvardhana Motherson. MACD is known to signal trend reversals 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.
signs of recession
MACD has indicated bearishness in the shares of Bharti Airtel, IOB, Maruti Suzuki, Ramco Cements and Action Construction. This means that now these stocks have started to decline.
Niveshek broke down to buy this stock, upper circuit continuously for a week, giving bumper profits
Buying seen in these stocks
The stocks which are seeing strong buying include Bombay Burmah, Macrotech Developers, Tata Communications and Olectra Greentech. The stock has crossed its 52-week high. This indicates an uptrend in the stock.
These shares are under selling pressure
Stocks showing selling pressure included Sahana System, Kshitij Polyline, GHCL Textiles and Jet Knitwears. There is a lot of selling in these stocks. These stocks have registered a 52-week low. This is a bearish signal for these stocks.
[ad_2]
Source link
