Last trading week saw the Indian stock markets closing in red. The NSE Nifty was down 7.30 points and closed at 19,794.70, and the BSE Sensex was down 47.77 points and closed at 65,970.04. As the markets open for trading after a three day holiday, experts say the opening is likely to be firm.
Bullish Signs In These Stocks
As per the momentum indicator MACD, there are some stocks which are showing bullish signs for the market today. These include Edelweiss Financial Services, SJVN, Zomato and NMDC.
Edelweiss Financial Services is trading at Rs 70.80 following a jump of 12.65 per cent. SJVN gained 1.05 per cent and is trading at Rs 82.10.
Zomato has gained 0.40 per cent and is available at Rs 113.40, and NMDC is up by 0.90 per cent and is trading at Rs 173.95.
Top Gainers Of Last Trading Session
Here are some of the top gainers during Friday’s trading session that gave good returns to investors. These included New India Assurance Company, Life Insurance Corporation of India, Bharat Heavy Electricals and GMR Airports Infrastructure.
New India Assurance Company saw a gain of 19.98 per cent and is trading at Rs 209. In the last five days, it has gained 39.15 per cent. Life Insurance Corporation of India was up by 9.71 per cent and is available at Rs 677.70. In the last one month, it has gained 12.16 per cent.
Bharat Heavy Electricals gained 6.30 per cent, trading at Rs 151.75. In the last five days, it has gained 7.24 per cent. GMR Airports Infrastructure jumped 5.69 per cent and is trading at Rs 60.35. The 52-week high for this one is Rs 66.75.
Gold And Silver Prices For The Day
22k gold is priced at Rs 57,360 per 10 grams
24k gold is priced at Rs 62,570 per 10 grams
Silver is priced at Rs 78,500 per kilogram.
Stock Expert Speaks
Prashanth Tapse, Senior VP (Research), Mehta Equities
Markets are likely to see a firm opening on the back of sharp gains in the Gift Nifty index, although Asian indices are exhibiting a mixed trend. The two positive catalysts likely to aid sentiment are sluggish crude oil prices at USD 74.50 a barrel and both FIIs and DIIs turning net buyers of local stocks in Friday’s session. Investors are likely to maintain caution ahead of the exit polls of five state elections on 30 November.
Also, monthly F&O expiry this week will see investors covering their positions. Technically, if Nifty moves above the 19889 mark then it’s safe to assume that Christmas has come early to Dalal Street and stock markets across the globe.
