Share Market Live: On Thursday, markets opened cautiously amid negative global cues. The Sensex fell nearly 200 points in the morning, while the Nifty fell around 40 points. Asian markets are falling as traders weigh the possibility of a recession and additional rate hikes. today Sensex loses 179 point and Nifty trading at 17894 in Share Market today.
Stocks in Asia opened lower on Thursday as traders assessed the risk of a Chinese recession and the Fed’s minutes, which indicated that interest-rate hikes would continue but at a slower pace. Wall Street closed in the red, and Asian markets followed suit, falling in the morning session.
Reliance Securities Today’s Stock in Focus:
The stock has a BUY rating and a target price of Rs1,631.
Intraday Selections: Share Market Live
DABUR (PREVIOUS CLOSE: 585) BUY
For today’s trade, a long position can be initiated in the Rs582- 579 range with a strict stop loss of Rs572.
CIPLA (PREVIOUS CLOSE: 1,026) SELL
For today’s trade, a short position can be initiated in the range of Rs1,031-1,037 with a strict stop loss of Rs1,052.
ULTRACEMCO (PREVIOUS CLOSE: 6,610) SELL
For today’s trade, a short position can be initiated in the Rs6,640- 6,675 range with a strict stop loss of Rs6,745.
Syrma SGS Technologies IPO: What GMP signals as subscriptions expire today?
Today marks the end of the four-day subscription period for the 840 crore public issue in Share Market. The public offer has been subscribed 2.27 times, while the retail portion has been subscribed 2.66 times, according to Syrma SGS Technologies IPO subscription status after three days of bidding. Meanwhile, the share price of Syrma SGS Technologies has remained nearly constant in the grey market over the last 24 hours. According to market observers, Syrma SGS Technologies shares are available on the black market at a premium of 36.
ONGC, Gail India, M&M, Wipro, and Adani Green are stocks to watch.
Balrampur Chini Mills, Delta Corp, and Tata Chemicals securities are still in the F&O ban period because they have exceeded 95% of the market-wide position limit.