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After a boom in the beginning of this week, the stock market closed with a slight decline on Wednesday. Even today, a mixed response is expected from the market
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After witnessing a rise for two days this week, the stock market closed with a slight decline on the third day i.e. Wednesday. The BSE Sensex came down by 17.15 points and closed at 60,910.28 points. At one time it went down to 213.66 points during trading, but later it made some recovery. Similarly, the NSE Nifty closed at 18,122.50, down 9.80 points. Even today, a mixed response is expected from the market.
Stocks That May Be High Today
There are some stocks which are expected to accelerate today. Momentum indicator MACD has shown bullish signals in Southern Petrochemical Industries Corp Ltd and Kalyan Jewellers. Shares of Southern Petrochemicals closed yesterday at Rs.83.80 with a bang. It saw a rise of 2.26%. While this stock has gained 20.32% in the last five days. Talking about Kalyan Jewellers, it is trading at Rs 132.50 with an increase. At the same time, some stocks may witness a slump today. These include V-Guard Industries and Parsvnath Developers Limited.
Keep An Eye On These Stocks As Well
Apart from these, shares of Bank of India, Wipro, Tata Power, Sheela Foam, JSW Energy and Gujarat Gas can also be in the news today. Bank of India has invested Rs 1.13 crore in PSB Alliance and with this, the bank’s stake in the company has increased from 7.14 per cent to 8.33 per cent. Its effect can be seen on the shares of the bank. Wipro’s shares have been gping through a period of ups and downs for some time now. However, now there is hope of a boom in the stocks of this IT company.
These Stocks Will Add To The Drama
Tata Power Renewable Energy, a subsidiary of TATA Power, has bagged the contract for a hybrid power project in Karnataka. This will strengthen the economic condition of the company and this strength can also be seen in its shares. According to media reports, Sheela Foam, the maker of Sleepwell Mattress, is preparing to acquire its rival Kurlon. This deal will help Sheela Foam to expand its business. Similarly, Ashoka Buildcon has got three projects worth Rs 754.57 crore in Madhya Pradesh, due to which the company’s shares can also be on a high.
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