According to the SGX Nifty, Indian stock markets are projected to start lower today. The Nasdaq and S&P 500 both finished lower on Friday, down 0.3% and 0.2%, respectively. On Friday, the Dow Jones fell 143 points, or 0.4%.
The Sensex and Nifty extended their upward trend on Thursday, finishing higher for the ninth consecutive day. The Sensex finished the day up 38 points at 60,431. The Nifty concluded the day at 17,828, up 15 points from the previous day. The Nifty Bank gained 574 points to close at 42,132. “Nifty made a marginally higher top on April 13 compared to the previous day and managed to close higher. It could make some more attempts to rise in the coming sessions, however profit taking after such a relentless rise may be expected. Nifty could face resistance in the 17884-17925 band while 17717 could offer support for the near term,” said Deepak Jasani of HDFC Securities.
For the tenth consecutive session, foreign institutional investors continued to purchase. According to preliminary data from exchanges, FIIs purchased shares worth Rs. 221 crore in the cash market on Thursday. DIIs, on the other hand, continued to sell shares worth Rs 274 crore, according to preliminary data from exchanges.
Today’s top stocks to watch are Infosys, HDFC Bank, Zed Entertainment, GTPL Hathway, and Max Health, among others.