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A great recovery has been seen in the stock market today. Today the market changed its entire trend in just 10 minutes. After which the market closed near the upper levels of the day with the recovery. However, market experts are not particularly impressed with this recovery. According to them, there is nothing in the market right now that can build confidence in the market. Read the index movement and experts' opinion in the last hour of the market

What are the market minutes?

Today's important market minutes started after 2 pm. When HDFC Bank's results came at around 2:10 pm. Before the HDFC Bank results were announced, Nifty Bank was trading at around 48100, down more than 600 points from its upper levels. At the same time, the Nifty 50 index had seen a decline of more than 140 points from its upper levels. The Sensex had fallen by more than 400 points from its upper levels. With the quarterly figures coming around 2.10, there was a sharp buying in HDFC Bank's stock and its benefit was recorded on the major index and Bank Nifty. And within an hour of the results being announced, the Sensex and Nifty reached new highs of the day. Along with this, a sharp recovery was also seen in Bank Nifty and the index reached back above the 48700 level. HDFC Bank, which was facing pressure in the beginning, closed with a gain of about 2 percent at the end of the market. HDFC Bank along with IT stocks supported the entire market and today the Sensex closed at 76405 with a gain of 567 points, while the Nifty 50 index closed at 23155 with a gain of 131 points. What is the opinion of experts? According to market expert Meherbun Irani, at present the most important thing for the market is corporate results, after the results of the previous quarter came out, for the first time the market felt that the signs regarding growth are not good. According to him, the correction in the stocks was seen due to the business figures of the September quarter. According to him, the companies are earning but the growth is not that much, so the stock prices have corrected on the basis of the earnings of the companies. According to Meherbun Irani, the results that have come so far are not strong. Today's rise in HDFC Bank is because there was pressure in these stocks earlier and today after the results, the rise has been seen due to this reason. He clearly said that in this budget, the government will have to take some big steps and act with speed. He clearly said that there will be a recovery in the market and the market will once again reach a high but the current conditions are not good and the future results and the steps to be taken will determine the direction of recovery. What should be the strategy? CNBC Awaaz Managing Editor Anuj Singhal said that the real pain of the market is not known by looking at the Nifty index. At present, investors are suffering heavy losses in midcap and smallcap stocks. Today, even amidst the recovery in the major index, the Midcap 50 and Smallcap 50 indexes have closed with a decline of more than 1-1 percent. Anuj Singhal's advice is to go home with a neutral position. At present, this market is such where the strategy of earn daily and eat daily is working, while in every rally, get out of the stuck position, short covering rally will keep coming. 
 

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