Stock Market Today: Indian equities indices continued their Friday gains and opened up higher on Monday, January 16. The NSE Nifty 50 increased 80.05 points or 0.45% to 18,036.65 while the 30-share BSE benchmark increased 260.42 points or 0.43% to 60,521.60. The top Nifty gainers were HDFC Bank, Bajaj Finserv, IndusInd Bank, Bajaj Finance, and HDFC Life, while the top Nifty losers were JSW Steel, BPCL, ONGC, Coal India, and Larsen & Toubro. On Friday, the NSE Nifty 50 increased by about 100 points to 17,957, while the BSE Sensex increased by 303 points to 60,261. As investor confidence increased in the region due to forecasts of reduced inflation in the US, markets in the Asia-Pacific region traded neutral. The Topix and Nikkei 225 in Japan both lost ground, each dropping 1%.
Stock Market Today: The UK’s November GDP growth was greater than expected, which was also beneficial
Experts in the stock market reported that data revealed that U.S. consumer inflation fell as anticipated in December, global stocks were generally up and at multi-month highs on the likelihood of a less hawkish Federal Reserve this year. It also helped that the UK’s November GDP growth was more than anticipated. As global demand continued to decline, China’s exports fell even lower in December, increasing to the burden on the economy as it makes a hurried, uncertain exit from Covid Zero.
Exports decreased by 9.9% in US dollars from a year earlier in December, exceeding economists’ expectations of a decline of 11.1%. Better than the median prediction of a 10% decline, imports decreased by 7.5%.
Stock trading day to purchase today
Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager – Technical Research at Anand Rathi; and Rajesh Bhosale, Technical Analyst, Angel One advised five stocks to buy or sell for intraday trading today.
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