Indian Stock Market: These 5 Investment Options Are Shining Today!
The Indian stock market has been slumping lately but it seems that the situation is improving massively. This has been witnessed through the performance of both Nifty 50 and Sensex India, the two prominent stock market indices of the country. The Nifty 50 index was trading above its 50-day EMA of 17270.80, which indicates that the trend indeed is bullish.
However, most of the technical analysis providers suggested that a neutral or ‘hold’ trading activity should be practised in such volatile conditions. The Nifty 50 index was up by 0.79% and traded at 17,410.60 (gaining 136.30 points) at the time of writing on Thursday, October 6, 2022. In addition, BSE Sensex India was also in the ‘green’ today as the Indian stock market started recovering this week. Sensex India was up by 0.77% and traded at 58,511.79 (increasing by 446.32 points).
Indian Stock Market Gainers Today
The top Indian stocks that are gleaming in today’s trading session are listed below.
1. JSW Steel Limited
JSW Steel Limited (NSE: JSWSTEEL) saw its stock increase by 3.58% and trade at ₹666.20 (up by 23.00 points) at press time in the trading session today. The total trade volume was 10,67,456, which was worth ₹7,051.93 lakhs.
2. Hindalco Industries Limited
Hindalco Industries Limited (NSE: HINDALCO) saw its stock go up by 3.35% and trade at ₹407.25 (up by 13.20 points) at the time of writing in the trading session today. The total trade volume was 38,56,703, which was worth ₹15,611.16 lakhs.
3. Coal India Limited
Coal India Limited (NSE: COALINDIA) saw its stock increase by 3.20% and trade at ₹230.40 (up by 7.15 points) at the time of drafting this article in the trading session today. The total trade volume was 49,50,395, which was worth ₹11,331.45 lakhs.
4. Tata Steel Limited
Tata Steel Limited (NSE: TATASTEEL) saw its stock gain by 2.37% and trade at ₹103.55 (up by 2.40 points) at the time of writing in the trading session today. The total trade volume was 1,90,87,934, which was worth ₹19,651.03 lakhs.
5. Axis Bank Limited
Axis Bank Limited (NSE: AXISBANK) saw its stock rise by 2.14% and trade at ₹758.70 (up by 15.90 points) at the time of reporting in the trading session today. The total trade volume was 25,19,510, which was worth ₹18,942.18 lakhs.
The Indian stock market is recovering currently but it is difficult to ascertain whether it will maintain the gaining momentum. The performance has stayed volatile for a while so it’s better to take every decision of yours cautiously. Do check the stock options and use various tools and analyse data before making any crucial decision.