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Sensex rose 230 points. Adani Ports, Nalco, and NTPC saw price movements. Analyst Riyank Arora suggests buying opportunities. He recommends Adani Ports with a stop loss of 990. Nalco is a buy with a stop loss of 215. NTPC is also a buy, with a stop loss of 340.
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News and Media
Shares in Japan swung between gains and losses while those in Australia climbed alongside Hong Kong equity futures. Contracts for US stocks edged up after the S&P 500 fell 0.4% Wednesday, retreating from a record high in the prior session. The Nasdaq 100 dropped 0.9% as tech stocks weighed on the US market. Nvidia Corp. and Tesla Inc. were among the hardest hit big-tech companies.
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"Investors should look at the US market for portfolio diversification. An ideal balanced or moderate investor should look at a portfolio allocation of 50:50 equity and debt and within the equity allocation have 30% equity in US stocks (15% overall)," said Ashish Ranawade, head of products at Emkay Wealth Management.
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News and Media
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