Rudra Investment Market Research – SEBI Registered Investment advisory Company In India. Our experts provide trading recommendations in Stock, Commodity and Currency Market.
Nifty looks shaky ahead of Budget; here are 3 stocks that can return up to 26%
Nifty rises 9 out of 11 indicators
On the Nifty 9 out of 11 indicators are increasing. All indexes except metal and pharma index are visible in the green mark. PSU is the fastest in the index and the realty index. PSU Bank Index is trading 067 percent and Realty Index is up 0.59 percent. Shares of L & T, Hindustan Petroleum, HCL Tech and Mahindra and Mahindra are bullish. On the other hand, shares of NTPC, Infosys, Dr Reddy and Vedanta Limited are witnessing a decline.
Banking Sector Increases in Budget Expectations
Get Rudra Investment Stock Tips Before the budget, the government banks are looking for good growth. All public sector banks including PNB, SBI and Indian Bank have increased. In Indian Bank 3.05%, SBI has 1.35%, Bank of India is 1.05% and PNB is growing 1.55%. IndusInd Bank's rise in private banks is 25 percent.
Midcap stocks fall
There is little pressure in the mid-cap stocks, but smallcap stocks are showing a buy. BSE's mid-cap index has dropped 0.2 percent, while the mid-cap index of the Nifty has dropped 0.1 percent. BSE's small-cap index has grown 0.5 percent.
Exide, Reliance Communications, TVS Motor, Aditya Birla Fashion and Castrol have fallen 2.5-0.9 percent in mid-cap stocks. However, in the midcap stocks, CG Consumer, Indian Hotels, SJVN and GMR Infra have increased by 3.1-1.8 percent.
US market closed with edge
After two consecutive days of decline, the US markets gained on Wednesday. Dow Jones closed 72 points higher at 26,149 points. Nasdaq index climbed 9 points to 7,411 points. The S & P 500 index closed at 2,824 points, with a slight margin of 0.05 percent.
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