Day trading guide for today: Seven stocks to buy or sell on Thursday — March 28

livemint.com:

Day trading guide for today: Frontline indices Sensex and Nifty 50 settled higher on Wednesday led by heavyweights including Reliance Industries along with oil marketing companies (OMCs). Buying interest in auto, banking, and realty stocks on positive macro data also aided sentiment. A decline in global crude oil prices supported hopes for refining margins among Indian OMCs.

The 30-share BSE Sensex ended higher by 526.01 points or 0.73 per cent at 72,996.31 level while the Nifty 50 closed at 22,123.65 level, up 118.95 points or 0.54 per cent. Analysts said that the recent upward revision in India’s GDP growth forecast by both Moody’s and S&P Global rating agencies uplifted the sentiments. Inflows amounting to ₹50,000 crore by domestic institutional investors (DIIs) in March added to the positivity.

Also Read: NSE T+0 settlement: SBI, Vedanta, MRF among 25 stocks to have new settlement timeline from March 28 In the broader market, while the Nifty Smallcap 100 outperformed the benchmark indices, rising 0.96 per cent, the Nifty Midcap 100 underperformed, ending 0.06 per cent higher. However, these broader indices have dropped 4.46 per cent and 1.03 per cent, respectively, so far in March, while the Nifty 50 has risen 0.64 per cent. "Stock-specific actions and positive undercurrents due to a healthy economic growth forecast led the market towards a positive closure.