Today’s stock market is behind the Sensex and the Nifty for this last week, due to the Lok Sabha election results on 4 June. During the last week, the NSE Nifty moved up and touched at 2,3000. But, today we hit a new summit at 23,026. In fact, the S&P BSE Sensex also created a new summit at 75,636. In the morning, GIFT Nifty is around 23,026. This is likely to be a good start for GIFT Nifty.
Comment on FII Trading Activity: VK Vijaykumar
In spite of being a seller for a long time in May, FII changed to buyers of stocks at ₹1,166 Crore in the last week.
V K Vijay kumar, Chief investment strategist, Geojit Financial Services said, the aggressive selling turned to the buyers because of the outstanding performance of Chinese trade.
Due to the fall of PE with multiple of 9 , The Hang Seng brought FII. “Sell India, Buy China Trade”.
One of the reasons for being sellers to buyers is elections. However, now it is clearly visible that the votes are in favor of BJP/NDA. FII’s selling has come to an end, and they have to be the buyers possibly. Going forward, Indian Stocks are likely to be low on Monday due to an expanding rally in financial stocks on the Central Bank’s record dividend during the last week.
Will the US Stock Market remain open for Memorial Day 2024?
On 27 May 2024, as on Memorial Day, investors are curious to know about whether the stock market is open or closed.
Memorial Day is the most important holiday in the United States. This day contributed to all the women and men who have died in the US Military. In the US, this day is commonly known as “Decoration Day”. The date holds several military men’s or women’s sacrifices for the country.
The United States stock market will be closed on this day with respect to “Memorial Day”.
Trade found for Sensex and the GIFT Nifty: Eight top stocks to buy and sell for today
With the positive start in the early morning, the Indian Stock Market settled even for Friday last week. The GIFT Nifty index settled at 22957 and rose up to ₹23,026,Gift Nifty. The BSE Sensex went off and ended at 75,410. Even so, the bank GIFT Nifty index ended with 203 points at 48,971. This implies a good and stable market for investors and traders. After studying, the market for today is going to be positive as there is no sign of losses.
Here are some stocks to buy or sell for today according to the BSE Sensex and NSE GIFT Nifty.
Tata Steel : it offers buying rates at ₹175 and stop loss will be at ₹169 and also the target goes up to ₹185.
TARC : Recently, this company started to buy at the rate of ₹184 and stop loss will be at ₹177. Also, the target must be at ₹195.
HDFC Bank: the main focus was on buying the shares at 1520 and noting the stop loss at 1480. Even so, the target price is also, in the nearest terms, at ₹1570.
TCS Tata Consultancy Service aimed to be a bullish trader at ₹3850 with a stop loss of ₹3800. The estimated target is at ₹3940.
Federal Bank buying at ₹163 and selling at ₹158.The target for this stock is at ₹173.
M&M Finance indicates the formation of a bullish candle at ₹271.40 and a bearish ₹266. This stock increases at the initial time, so it’s better to buy at ₹285.
BASF shows the buying rate at ₹4430 and with the stop loss at ₹4345. Also, the target was ₹4850.
Kabra Extrusion offers buying rates at ₹394.60 with stop loss at ₹386.
