Market Trading Guide: BSE among 5 stock recommendations for Friday
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almost 2 years ago
The Sensex plummeted 879 points to finish at 61,799.03 while the Nifty crashed below the 18,415 mark on Thursday, in tandem with a global sell-off after the US Federal Reserve increased the interest rate and signalled more hikes in its fight against inflation.“The Fed has startled the market by maintaining its hawkish tone, as investors were expecting a softer approach after the release of better-than-expected inflation numbers. IT stocks led to pessimism in the domestic market as recession fears grew in the global economies following the Fed’s comments. The market now awaits the BOE and ECB decisions, which are likely to follow a half-point hike,” said Vinod Nair, Head of Research at Geojit Financial.Here are 6 stock recommendations for Friday:
Economic Times