Stock Trading

Indian Markets Could Gain Strength as Trump goes soft on China Tariffs

Indian Markets Could Gain Strength as Trump goes soft on China Tariffs

Indian Markets had a mixed week as global cues were mixed. While Dow Jones declined during the last two trading sessions, change in attitude of the US President Donald Trump will help stock markets worldwide. Indian markets will mainly depend on global markets for direction in the upcoming weeks.

UJJIVAN, Balkrishna Industries Limited and Bajaj Finance Stock Recommendations by Epic Research

UJJIVAN, Balkrishna Industries Limited and Bajaj Finance Stock Recommendations by Epic Research

Stock Markets have recovered this week after facing declines for five weeks, following Union Budget. The results season has offered surprises for investors in many counters. As the stock markets were declining, many stocks are available at good valuations. Investors can consider some stocks suggested by Epic Research.

Short Covering helps Indian Stocks Markets close higher

Stock MarketsThe benchmark indices ended smartly with hefty gains after yesterday's steep fall on the back of positive global cues and short covering on the F&O expiry day. The Sensex closed at 11,403 up 402 points or 3.65% and the Nifty surged 3.32% or 112 points to settle at 3,474. Te BSE Midcap Index closed 63 points or 1.83% and the Smallcap Index went up 1.35% or 52.

All BSE sectoral indexes ended in green. Buying was across the board, IT, banking, oil & gas and capital goods let the rally today.

The Sensex ended the April series with 17.5% gain while the Nifty surged 15%.

Movers & Shakers

Sell Grasim Industries

Grasim IndustriesStock analysts are of the view that investors can sell Grasim Industries with a target price of Rs 1729-1720.

According to them, interested traders can sell the stock below Rs 1750, with a stop loss of Rs 1780.

Today (April 29), the stock opened at Rs 1,805 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 210.60 and 8.64 respectively. The share price has seen a 52-week high of Rs 1934 and a low of Rs 984.10 on BSE.

The analysts also suggested that if the stock fell below Rs 1712, it may see more weakness. So the investors must sell the stock.

Sell Axis Bank

Sell Axis BankStock market analysts have suggested investors to ‘sell’ Axis Bank stock as there are full chances of a downward trend in this stock in the coming days.

According to them, investors can sell the stock with a strict stop loss of Rs 536 to achieve a target that lies between Rs 520-516.

Today (April 29), the stock opened at Rs 548.95 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 50.56 and 10.65 respectively. The share price has seen a 52-week high of Rs 969.90 and a low of Rs 278.50 on BSE.

Bull Run halts on profit-booking; BSE-Sensex plunges 337 points

Bull Run halts on profit-booking; BSE-Sensex plunges 337 pointsSnapping its three-day rising streak, the BSE-benchmark Sensex on Tuesday, toppled by over 370 points, as major market players squared off pending positions ahead of the expiry of April contracts in derivatives.

The BSE Sensex closed today lower by 370.10 points at 11,001.75 while, NSE Nifty ended down by 107.65 points at 3,362.35. The Sensex touched intraday high of 11,375.97 and intraday low of 10,961.75.

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