US stock markets continued their early gains at the end of the session on Tuesday. The US index fell for the second consecutive session. This was a result of alarming economic data on the forecasts for quarterly results of listed companies.
The Asian index started trading on Wednesday expressing concern over the unclear economic outlook. To deal with the rising inflation around the world, the credit policy is getting stricter. The Nifty finally recovered from its losses on Tuesday morning following positive global cues. The Nifty 50 index closed 0.11% or 18.2 points higher at 15,850.
trending stocks; Auto industry shares rise in the automotive sector
Nifty 50 index stabilized after day’s movement. It was successful in filling the gap-up opening on the daily table created on 28 June. This gave some strength to the market. It will be necessary for Nifty to cross the level of 16,200 to 16,400 in the near term. 15,450 to 15,700 could be the base for a fall.
This article has been produced through Dalal Street Investment Journal, India’s No. 1 investment magazine. Click here to join and receive recommendations on regular stock and growth.
The following is a list of some of the stocks that have recorded a price volume breakout. Investors should keep an eye on-
|share||current price||price change||number of shares|
|Orient Bell Ltd.||669.40||15.40||2,90,132|
|Reliance Industries Infrastructure||917.70||9.00||21,45,815|
|Kiri Industries Limited||477.80||5.70||1,08,466|
|Nazra Technologies||703.00||4.30 pm||8,42,935|
|Fiam Industries||1,346.50||3.30 pm||1,68,823|
Disclaimer: The above is third party material and TIL hereby disclaims any and all warranties, express or implied, relating thereto. TIL does not guarantee, confirm or endorse any of the above content or its accuracy, nor is it responsible in any way for the same. The content does not constitute any investment advice or solicitation of any kind. Users are advised to check with certified experts before making any investment decision and take all necessary steps to ensure that any information and material provided is correct, updated and verified.