Stock Market LIVE: GIFT Nifty Implies Negative Open; Mphasis, Paytm, PTC Industries Shares In Focus
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Five Stocks To Buy: Airtel, HUDCO, KEI Industries, Marico, Siemens
NDTV Profit brings these five stocks for Tuesday's trading session from various analysts' recommendations. Traders choose from telecommunication, consumer, infrastructure, and electrical sectors.
Analysts projected the highest upside potential for the Housing and Urban Development Corp share price for Tuesday's close price.
Find out more details here.
Global Cues: Oil Steadies With Global Surplus and Russian Sanctions In Focus
Oil steadied as investors weighed the impact from an emerging surplus against US sanctions on Russia that have upended some crude flows.
West Texas Intermediate traded below $60 a barrel after a modest loss in the previous session. Brent closed near $64.
Read the full Bloomberg article here.
Gold, Silver Rally Driven By FOMO, Supply Squeeze: Prices To Normalise Post-December, Says Ajay Kedia
The record run in gold and silver prices, which saw them hit new highs not seen since 1980 or 2011, was primarily driven by a mix of market sentiment, tight supply and auspicious buying, according to Ajay Kedia, director of Kedia Advisories.
Kedia notes that while the initial price correction was expected, the subsequent upward movement was due to geopolitical pressure and supply-side constraints. "The prices had corrected but moved up because of pressure and tension. There was a supply squeeze for silver due to demand from various sectors," he said in a conversation with NDTV Profit on Monday.
Asia Markets LIVE: Japan's Nikkei 225 Plunges Over 2%
Markets across Asia logged steep losses as uncertainty looms. Market participants keenly await for Nvidia Corp's earnings reports and US jobs data, scheduled for release later this week.
The Nikkei 225 was trading 1.98% down and the KOSPI was 1.44% down at 7:06 a.m.
LIVE: GIFT Nifty Implies Negative Open; Mphasis, Paytm, PTC Industries Shares In Focus
The GIFT Nifty was trading 0.08% or 22 points down at 26,008, which hinted a negative open for the benchmark index NSE Nifty 50 index. Losses in Asian equities will also likely to weigh on Indian indices as well.
Mphasis Ltd., One 97 Communication Ltd., PTC Industries Ltd., JSW Infrastructure Ltd., Emcure Pharmaceuticals Ltd., and Tata Power Ltd. shares will likely to move because of overnight newsflow.
Indian benchmark indices ended on a firm positive note on Monday, with the Sensex advancing 388.17 points or 0.46% to end at 84,950.95, and the Nifty gaining 103.40 points or 0.40% to close at 26,013.45.
