Stock Market Today Live Updates: Market froth is getting extreme. Just look at meme stocks.
As the stock market continues to see high levels of volatility, investors are keeping a close eye on meme stocks and other speculative investments. With a lot of money flowing into the economy, new ideas are attracting speculative money, some of which may not be the most sound investments.
In today’s market wrap-up, financial expert Vaishali Parekh has recommended three stocks to buy: Grasim Industries Ltd, Paras Defence and Space Technologies Ltd, and IRB Infrastructure Developers Ltd. These stocks are expected to perform well in the current market conditions.
On the Nifty 50 and Sensex front, the Indian stock market is showing signs of a bullish trend, with the formation of a bullish Piercing line candle pattern on the weekly chart. This indicates a potential further upside in the short term.
In other news, the Nifty closed higher at 22,551, with a premium of nearly 50 points from the Nifty futures’ previous close. Stocks to watch today include JSW Steel, Delhivery, IOC, Bandhan Bank, and Zee. Nuvama analysis suggests that Trent Ltd and Bharat Electronics could replace LTI Mindtree and Divi’s Labs in the Nifty 50 by the end of September.
Additionally, there will be a special live trading session on the Indian stock market today to test preparedness for disasters. The session will have two trading phases from 9:15 AM to 10:00 AM and 11:30 AM to 12:30 PM.
In a recent report, Nomura has suggested that Trent and Bharat Electronics may get entry into the Nifty 50 index, replacing LTI Mindtree and Divi’s Laboratories in the upcoming reconstitution in end-September.
Stay tuned to Mint’s market blog for real-time updates on all things Dalal Street and global markets. Follow along for the latest news on stock movements, top gainers and losers, and sector performance.
