Mumbai: The markets on Wednesday faced a tough session with benchmark indices sliding sharply tween weak global sign and selling pressure. Traders and analysts are reviewing the whoopee and offering ideas on where the market might throne next.
Why Did Market Fall?
According to the mart data, the Nifty 50 alphabetize sealed 1.38 per cent lower at 25,232.50 points without Tuesday's market session and the BSE Sensex alphabetize sealed 1.28 per cent lower at 82,180.47 points, compared to the previous market close.
"There's strong downside pressure and the overall market bias remains negative. A sustained move unelevated key moving averages could unshut the door for remoter weakness,” said one market watcher.
What are Gold and Silver price?
According to the Multi-Commodity Mart data, the gold prices sealed 3.37 per cent or Rs 4,921 per 10 grams higher at Rs 150,560 per 10 grams without Tuesday's trading session.
MCX official data show that silver rates on the market surged 4.16 per cent or Rs 12,925 per kg to tropical at Rs 323,200 per kg without Tuesday evening's thingamabob market session.
Which Stocks Are Experts Backing?
Despite the weak alphabetize trend, market strategists have suggested a handful of stocks that could present opportunities:
Hindustan Zinc Ltd: Buy at Rs 681; Target Price at Rs 730; Stop Loss at Rs 657.
VRL Logistics Ltd (VRLLOG): Buy at Rs 248; Target Price at Rs 266; Stop Loss at Rs 239.
Tata Consumer Products Ltd (TATACONSUM): Buy at Rs 1,185; Target Price at Rs 1,230; Stop Loss at Rs 1,170.
Bharti Airtel Ltd (BHARTIARTL): Buy at Rs 1,995; Target Price at Rs 2,050; Stop Loss at Rs 1,975.
What can investors do?
As volatility remains high, Market experts stress caution. Prices could swing sharply in either direction and global developments as trade tensions are subtracting to risk. Before making fresh bets, traders are well-considered to use disciplined stop orders and to consider broader market trends.
