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Market Analysis Today

Market Analysis today

Feb 28 2024

Stock to buy today

VODA IDEA
Board approves fund raise of 20,000 Cr
Nomura report, Reduce Call, Target Rs 6.5

SJVN
Subsidiary SJVN Green Energy commissions 100 MW Raghanesda Solar Power Project located in district Banaskantha, Gujarat.

SALASAR TECH
Receives order worth 200cr from M/s ZETWERK Businesses Pvt Ltd for supply of 25,000 MT of Solar Structures

Stocks in News

TEXMACO RAIL
To Raise Up To Rs 150 Cr Via Issuance Of Convertible Warrants To Promoter(s) / Promoter Group

GE T&D INDIA
Secured orders worth approximately Rs 370 crores from Power Grid Corporation of India

BHARTI AIRTEL
Sunil Bharti Mittal To Mint: Turn Into A Digital Entity, Plan To Exit Non-Core Biz

HIND ZINC
Incorporates Subsidiary To Explore, Discover, Develop & Tap Mineral Resources

TANLA
Extends Exclusive Partnership With Truecaller For Business Messaging

UPL & SHRIRAM FINANCE
Index review meet today
Shriram Fin appears most likely to enter the Nifty 50, with UPL exiting

Securities in Ban For Trade Date 28-FEB-2024:  
1 ABFRL
2 CANBK
3 INDUSTOWER
4 SAIL
5 ZEEL

Market Action  – Wednesday, February 28th 2024**

Wall Street ends mixed in a choppy Tuesday’s session. 

Investors look ahead to this Thursday`s key inflation update and the impact it may or may not have on the Fed`s plans for interest rates. 

Gift Nifty is above dotted lines indicating a positive session for our stock markets.

GLOBAL UPDATE:

GIFT Nifty (+53, 22246)
Dow Future (-29, 38944)

Nikkei (-109, 39133)
Hang Seng (+43, 16834)

Dow Jones (-96, 38972)
Nasdaq (+59, 16035)
Bovespa (+2080, 131689).

WHAT HAPPENED AT WALL STREET IN YESTERDAY’S TRADE:

# Overnight at Wall Street, the Dow Jones Industrial Average was down nearly 100 points, or 0.3%. The S&P 500 was up 0.2%. The Nasdaq Composite was up 0.4%, snapping a two-trading day losing streak.

The 10-year Treasury yield rose to 4.309%.

Consumer confidence and durable goods data both came in weaker than expected, but the numbers Wall Street is itching for won’t come until Thursday.

# WTI crude oil prices is seen trading range bound at $78.59 per barrel.

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