Monday Stock Market Update Mahindra CIE Spicejet Sail Shine In The Gloom Beware IEX ICICI Bank

The stock market continues to wait for the light at the end of a dark tunnel. There is a steady decline in the market and last week the market closed at the red mark. Also on Friday, the market plunged with the BSE Sensex closing at 59,463.93, down 141.87 and the NSE Nifty closing at 17,465.80, down 45.45. Market experts say this market fluctuation will continue, so double check before investing.

The big winners

Even as the market closed with a decline on Friday, some stocks managed to sail through. Olectra Greentech traded at Rs 482.75 with a gain of 20 percent. In the past five days, it saw a jump of 14.90 percent.

Mahindra CIE Automotive also won by 15.65 percent to be available for Rs 448.20. In the past month, it is up 24.28 percent. The high in 52 weeks is Rs 462.40. SpiceJet rose by 12.99 percent and is trading at Rs 40. It has also seen a gain of 13.64 percent in the past month.

Trust infrastructure saw a jump of 9.97 per cent to close at Rs 127.35. This stock has returned 2.70 percent in the past 5 days.

Boom expected in these stocks

According to the Momentum Indicator Moving Average Convergence Divergence (MACD), Indian Power Exchange, ICICI And Deepak Nitrite stocks are expected to rise today.

ICICI Banks the stock closed last week at Rs 839.95 with a slight gain of 0.024 percent. It’s been fluctuating for a while, but it’s returned a 2.78 percent return over the past month. The part of Indian power exchange is currently trading at Rs 143.95. It closed sharply on Friday. It has returned 6.31 percent in the past five days.

Shares of Deepak Nitrite closed on Friday at Rs 1,812.95, up more than one percent. The highest level of 52 weeks is Rs 2,391. It is up 1.38 percent in the past five days.

Keep an eye on these

Today there are investor meetings of HCL Technologies, Cipla, UltraTech Cement, FSN E-Commerce Ventures and Medplus Health Services. So keep an eye on their stocks as well. At the same time, Adani Group will hold a roadshow in Singapore, Malaysia from today, February 27. This three-day roadshow aims to gain the confidence of major investors.