Top News

• Sensex and Nifty may open lower today as Gift Nifty trades weaker by 87 points.
• Experts have advised several stocks to watch for today’s trade including Bharat Dynamics, CG Power, RBL Bank and Paytm.
• Sensex fell 114 points on profit-taking in the previous session while Nifty remained above 24,300.

India Share Market Update: In light of weak global market cues today, May 8, major indices of the Indian stock market, Sensex and Nifty 50, are likely to open lower on Friday. Trends in Gift Nifty are also signaling a negative opening for the Indian benchmark index. Gift Nifty was trading at a level of 24,295, at a discount of nearly 87 points to the previous close of Nifty futures.

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On Thursday, the Indian stock market closed lower on profit-taking, but the Nifty 50 held above the 24,300 level. The Sensex closed down 114.00 points, or 0.15%, at 77,844.52, while the Nifty 50 was down 4.30 points, or 0.02%, at 24,326.65. Investors have expressed concern that they will see a fall in the stock market today as well. (Photo Courtesy – Pinterest)

Chandan Taparia, head of wealth management, derivatives and technicals at Motilal Oswal Financial Services, has recommended three stocks for investors to buy today. Which includes shares of Bharat Dynamics, CG Power and Industrial Solutions and RBL Bank. NeoTrader co-founder and Raja Venkataraman of stock research platform MarketSmith India picks some stocks for investors today. These include Sun Pharma Advanced Research Company Limited, Lakshmi Organic Industries Limited, One97 Communications Limited (Paytm), Bharat Forge Limited and Radico Khaitan Limited.

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Sumeet Bagdia of Choice Broking, Ganesh Dongre, Sr. Manager, Technical Research at Anand Rathi and Shiju Kuthupalakkal, Sr. Manager, Technical Research at Prabhudas Lilladhar have recommended eight stocks to buy and sell in today’s trade. Investors can buy and sell shares of BSE, CG Power, Mcure Pharma, Caffeine Tech, IRFC, GE Vernova, DFCX Systems and Nelco in today’s trades with expert advice. Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladhar, today recommended three stocks for investors to buy and sell: IEX, KEC International and Sula Vineyards.

(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.)