The Market Today 📈
🔴 GIFT NIFTY traded 4 points higher at 21,146 signalling that the Indian stock market is headed for a positive start today.
🔴 U.S. stocks fell on Friday, with the Nasdaq showing the largest decline after a hotter-than-expected producer prices report eroded hopes for imminent interest rate cuts by the Federal Reserve, ending at 0.82%. A Labor Department report showed producer prices increased more than expected in January, feeding fears that inflation was picking up after months of cooling. The S&P 500 and Dow Jones fell by 0.48% and 0.38%, respectively.
🔴 India VIX declined slightly by 0.016% to the levels of 15.22, yet hovering above the crucial levels
Motilal Oswal’s Daily Fundamental and
Technical Picks
Fundamental Picks (for more than a year)
1) HDFC Bank – Target – 1,950 (38%)
2) Siemens – Target- 4950 (30%)
3) HCL Tech – Target- 1880 (13%)
4) Apollo Hospital – Target- 7400 (12%)
5) GAIL – Target – 200 (10%)
Technical Pick (for 2-3 days)
TVS Motor
Previous Close – 2138
Target – 2250
Potential Upside – 5%
