March 9: Know about how the stock market will look with signs, keep an eye on these stocks #StockMarket

On March 8, the stock market closed in the green mark with a slight bounce. The BSE Sensex and NSE Nifty benchmark indices gained nearly 0.10%. Most of the trade between Volatility was stock-based. The BSE Sensex remained at around 50,400 while the NSE Nifty index remained close to 14,950.

Profit booking by foreign investors is going on. So far in March, FII has sold about 6000 crore shares in the Indian stock market on a net basis. Being careful, stock-based trading is a better option.

What is happening in foreign markets?

Most of Asia’s markets are showing declines in the morning. Markets in South Korea, Japan, Hong Kong, Taiwan and China are in the red mark. There is a good boom in Thailand’s stock market.

The S&P 500 weakened 0.54% in the US on the last trading day. The Dow Jones Industrial Average (DJIA) index rose 0.97%.

The SGX Nifty of Singapore is trading at 15,035.00 with a rise of 0.35% at 7:25 am, giving an early signal to the Indian stock market.

The impact of these factors on the market is also-

On March 8, in a bulk deal, KYB Corporation sold about 90 thousand shares of Gabriel India Limited for ₹ 120.64. In another deal, Jwalamukhi Investment Holding sold more than 13 lakh shares of Greenpanel Industries at a rate of ₹ 167.03.

Foreign Institutional Investors (FIIs) sold 1484 crore shares in the market on 8 March. In contrast, domestic institutional investors (DII) bought stocks worth 484 crore.

According to Moneycontrol, there are 14,880.33 and 14,804.47 support levels for the Nifty on March 9, which may break the index after going down. Similarly, 15,071.63 and 15,187.07 are resistance levels, so the Nifty can get a further bounce by reaching the top.

These stocks will be watched

BPCL: The company can sell 4% or 8.67 crore shares of the company with the help of block deal. The floor price for sale has been fixed at ₹ 435.

Coal India: The company approved an investment of ₹ 47,300 crores in 32 mining projects. This includes the expansion of 24 existing projects and 8 new projects.

Godrej Properties: The company approved raising 3750 crores.

Zodiac Clothing: Pari Washington India Master Fund sold an entire 2.3% stake in the company in open market transactions.

Dixon Technologies: A record date of March 19 has been set for the stock split in the ratio of 1: 5.

Board/Analyst/Investors Meeting-

In the coming days, CRISIL, HEG, Tata Motors, Indo Count Industries, Westlife Development, etc. are important in the list of companies holding investors, unlists or board meetings.