Thursday, March 24, 2022

STOCK MARKET PREDICTION FOR TOMORROW 25 MAR 2022

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Today nifty started the day on a negative note on weak global cues and remained in negative territory for most of the session before closing with marginal losses. The Nifty witnessed swinging action on March 24 and ultimately posted a negative daily close. For the last few sessions, it is stuck in between the hourly Bollinger Bands, which are in contraction mode. Metal sector still has legs to move on because in the last 3-6 months the kind of cash flows these companies have generated, that is going to dramatically change the balance sheet. So from here on even if the earnings remains flat, just by the interest cost savings and better working capital management, these companies can still report positive earnings growth. So there is still steam left in these names to be invested.
Zee on Thursday said that it welcomes the decision by Invesco Developing Markets Fund and OFI Global China Fund LLC for its belief in the potential of the proposed merger with Sony Pictures.It remains focused on the completion of the proposed merger with Sony Pictures, which is in the best interest of all the stakeholders.

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