Top News

• The Gift Nifty is trading at a premium of around 216 points, indicating that the market will open with a gap-up.
• Sensex and Nifty closed lower on Tuesday, but today is likely to be bullish.
• Experts have suggested many stocks to buy including VTL, REC, M&M, ABB.

India Share Market Update: Major indices of the Indian stock market, Sensex and Nifty 50, are likely to open on a positive note today on May 6. This claim has been made considering the positive signals in the global market. Trends in the Gift Nifty are also signaling a gap-up opening for the Indian benchmark index. Gift Nifty was trading at 24,322, at a premium of nearly 216 points over the previous close of Nifty futures.

Today’s Gold-Silver Price: Gold rates fall again, silver rates steady; Know the latest rates in major cities including Mumbai

Indian stock markets closed lower on Tuesday, with the Nifty 50 falling below the 24,100 level. The Sensex closed down 251.61 points, or 0.33 percent, at 77,017.79, while the Nifty 50 settled down 86.50 points, or 0.36 percent, at 24,032.80. The Bank Nifty index closed down 331.45 points, or 0.60 per cent, at 54,547.05 on Tuesday. (Photo Courtesy – Pinterest)

Sumeet Bagdia of Choice Broking, Ganesh Dongre, Senior Manager, Technical Research at Anand Rathi and Shiju Kuthupalakkal, Senior Manager, Technical Research at Prabhudas Lilladhar have recommended eight stocks for investors to buy in today’s trade. These shares include VTL, RR Cable, Ambuja Cements, REC, IRFC, ABB, M&M, and Apollo Micro Systems. In today’s trading, Indian stock market investors can focus on shares such as Bajaj Auto, Meesho, Paytm, KPIT Technologies, Shree Cements, Radico Khaitan, Larsen & Toubro, Marico, Poonwala Fincorp, Hero Motocorp, KEC International, Biocon, Koforge, Vikran Engineering, United Breweries.

DA Hike: Bank employees salary will increase! Big increase in inflation allowance; How much rupees will be deposited in whose account?

NeoTrader co-founder and stock research platform MarketSmith India’s Raja Venkataraman today recommended five stocks for investors to buy: Aditya Birla Capital Ltd, Aurobindo Pharma Ltd, Finolex Cables Ltd, Netweb Technologies India Ltd and Lloyds Engineering Works Ltd.

Vaishali Parekh, vice president of technical research at Prabhudas Lilladhar, recommends three stocks for investors to buy and sell. These shares include Rites, Thirumalai Chemicals and TBZ. Investors may consider buying shares of Manorama Industries, Aditya Birla Capital, Apollo Micro Systems, Sirma SGS Technology and Gravita India Limited today, advised Sumeet Bagdia, Executive Director, Choice Broking.

(Note: The information in the above article is based on individual analysts and experts. Navarashtra.com does not make any claim. We advise investors to consult certified experts about stocks before taking any investment decision.)