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Markets Today-30 Dec 24
Last week we saw all colours of market… Starting nearly daily with flattish opening and then some Reds and Greens. Some experts says .. It’s signs of consolidation and recovery and some says “still some pains ahead”.
The fact is no one can predict or Time the market, but being hopeful , being positive is need of the day.
Today too market is likely to open Flat. Although US markets are down today but Asian markets are trading mixed.
Last trading on Friday, FII kept up to their pattern of heavy selling and they were net seller with minus Rs 1323 cr and it was DII who saved the day with net buy of plus Rs 2545 cr.
Levels to keep eye on, wrt market momentum today
Bullish above 23900 and Bearish below 23700.
Although market sentiment even today looks like SIDEWAYs but the swing margin on both sides (up/down) is very less.
Some stock news of last two days which will have impact in market today-
-Hero motors expands India Alliance with Harley
-Shareholders of vodafone can cheer as Vodafone has settled dues of over 11500 cr.
Other shares which may cheer investors are
IL&FS Engineering (penny stock to keep eye on)
JSW
Neogen chemical
Medplus health
So as the year ends ET wealth has declared its top stocks as per their key filter checks. Top 10 are listed here for your consideration for future
-Kotak Mahindra Bank(145 MF houses holds it
-Can Fin Homes( 38 MF houses owns it)
-Manappuram Finance(13 MF houses holds it)
-Bajaj Fin(125 MFH owns it)
-Aavas fin ( 34 MFH holds it)
-Indus Towers( 72 MFH holds it)
-PI industry (74 MFH holds it)
-REC (105 MFH owns it)
-AU small fin( 49 MFH owns it)
-Cholamadalam Inv(116 MFH holds it)
5 Stocks with Least PE to growth ratio
Ashoka Buildcon
Hindalco
Indus Towers
NALCO
Natco pharma
Gold lost some shine and was trading at 78900 and silver too had minor corrections.
So, expecting a range bound market move today unless some big players jumps in to buy/sell to change the momentum of markets.
Happy Investing!!
Note: All investments are subject to market risks. Please check the fundamentals and other stock market parameters carefully in detail before investing. Also, it is always good to consult a qualified financial advisor for stock market investments. Opinions and Recommendations above are Authors’ personal, you are should carry out your own checks & balances and due diligence before investment.
