Looking for undervalued growth stocks? Read this

A falling market frequently leads to lower valuations. This is an excellent chance for investors to purchase growth stocks at a discount. Continue reading to learn more.

Domestic benchmark indices rose in response to optimistic hints from Asian peers. Nifty 50 opened the day at the 16,300-mark fuelled by IT, banking, finance, and auto stocks.

At the time of writing, Nifty 50 was trading at 16,247, up 0.46 per cent (75 points). Broader market indices including as Nifty Mid-Cap and Nifty Small-Cap indices outpaced the frontline indices, trading at 0.86 and 0.76 per cent, respectively, to the north.

The most recent Fed meeting minutes soothed expectations that the American central bank would become more hawkish, reducing fears of aggressive rate-tightening policies by the US Fed.

After a favourable retail earnings outlook and fears about the Federal Reserve's aggressive interest rate rises began to evaporate, Wall Street closed significantly higher on Thursday.

China's authorities convened an unusual nationwide teleconference meeting on Wednesday to strengthen its economy, which has been harmed by Covid. Premier Li Keqiang cautioned that the hardships will be considerably larger than the tremendous shock of the pandemic seen in 2020.

Having said that, Nifty 50 has been trading in a specific range between 15,700 and 16,400 over the previous 14 trading sessions. As a result, it is evident that it is laying the groundwork for its next move. So, Nifty 50's immediate support and resistance levels are 15,850 and 16,400, respectively. In this post, we have listed the outstanding growth stocks from Nifty 500 universe that are now available at a bargain.