Buy or sell: Osho Krishan of Angel One recommends buying Samvardhana Motherson and Hindustan Unilever stock today
Stock Market News: Domestic benchmark equity indices, the Sensex and the Nifty 50, began Thursday's session on a flat note amid mixed global cues. BSE Sensex opened lower by 84.31 points or 0.12% at 72,220.57 level while the Nifty 50 opened at 21,935.20 level, down 16 points or 0.07%. “The market has suddenly turned unpredictable amidst high volatility.
Resistance has become strong at Nifty 22,200 level. The cut in Nifty 50 by more than 1% yesterday despite the foreign institutional investor (FII) selling getting neutralised by domestic institutional investors (DII) buying is significant. Also Read: Indian stock market: 8 key things that changed for market overnight - Gift Nifty, US GDP to Bitcoin price rally This is due to rebalancing of the positions a day ahead of the monthly expiry.
The volatility will continue today, too, being the last day of the monthly expiry. Investors may wait for the volatility to subside," said Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
The Sensex and the Nifty 50, ended Wednesday's session lower on the backdrop of a lack of direction and led by heaving selling in PSU bank, realty, auto, oil, and gas stocks. Also Read: Nifty 50, Sensex today: What to expect from Indian stock market in trade on February 29 The 30-share BSE Sensex ended lower by 790.34 points or 1.08% at 72,304.88 level while the Nifty 50 closed at 21,951.15 level, down 247.20 points or 1.11%. On the broader market front, the Nifty Small Cap 100 dropped 1.87% and the Nifty Midcap 100 indexes was down by 1.94%.
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