Multibagger Stock: The continued gains in the stock markets for the last four trading sessions came to a halt on Thursday and the BSE Sensex fell by 621 points. In the details of the meeting of the US Federal Reserve, there was a sell-off in the global markets with signs of an earlier hike in the policy rate, which also affected the domestic market.
The 30-share BSE Sensex closed at 59,601.84 points, down 621.31 points, or 1.03 per cent. Similarly, the Nifty of the National Stock Exchange lost 179.35 points, or one percent, to closed at 17,745.90. In other markets of Asia, Shanghai Composite Index in China, Kospi of South Korea and Nikkei of Japan were in losses. Hong Kong’s Hang Seng was in profit. There was selling pressure in the major European stock markets in afternoon trading. Meanwhile, international oil benchmark Brent crude rose 0.25 percent to $81 a barrel. The rupee slipped by four paise to close at 74.42 against the US dollar.
We are telling you which stocks to keep an eye on on Friday:-
- Gujarat Gas: Gujarat Gas stock has formed a long green candle on the chart and there has been a significant rise in volumes as compared to the previous trading sessions. RSI is likely to give a positive breakout while MACD has already given a crossover in the previous trading sessions. Keep an eye on this stock for further trading sessions.
- telecom stock: The BSE Telecom Index has risen 1.31 percent amid the red day for the stock markets. Shares of Tata Teleservices (Maharashtra), MTNL, GTL Infra, Indus Towers and HFCL were the top gainers in the BSE Telecom Index.
Upper Circuit Stocks – Jain Irrigation Systems, Shree Renuka Sugars, Suzlon Energy, MTNL and Bajaj Hindustan Sugar closed in the upper circuit in Thursday’s trading session.
Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)