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Indian markets experienced a sharp selloff with 769 stocks down more than 4.5% on Monday due to escalating geopolitical tensions in the Middle East. This turmoil prompted a wave of selling activity, with investors shedding their equity holdings.
On Wednesday, 1225 stocks advanced, 2462 declined and 108 remained unchanged, with an advance decline ratio of 0.49 on the Bombay Stock Exchange (BSE), indicating negative closing of stocks in broader markets.
We had mentioned in Tuesday’s closing report that Nifty and Sensex may try to rally. On Wednesday, the indices opened gap down, tried to rally and ended with loss.
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
SW Steel, Kesoram Industries, TCS, UltraTech Cement and Wipro are the stocks to watch today, even as the benchmark Nifty 50 is set for a positive start.