GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a lacklustre opening on Thursday. Here’s a look at the key stocks to watch in trade.
GIFT Nifty is trading down by just 12 points or 0.05% at 23,659.50 indicating a lacklustre opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Tuesday the NSE Nifty 50 ended up by 64.70. points or 0.28% to settle at 23,518.50 while the BSE Sensex jumped 239.38 points or 0.31% to 77,578.39.
“Markets experienced a volatile session on Tuesday and ended marginally higher, pausing after the recent decline. Despite an initial uptick and a positive move in the first half, a sharp sell-off in the latter half erased all gains. Sectoral trends remained mixed, with realty, auto, and pharma leading the gainers, while metal and energy ended in the red. Broader indices outperformed amidst the choppiness, closing with gains of nearly half a percent each,” said Ajit Mishra – SVP, Research, Religare Broking.
Also Read Stocks To Watch: Vodafone Idea, Cipla, PN Gadgil, Finolex Cables, Swiggy, Thermax, Kalyan Jewellers Stocks To Watch: Britannia Industries, Nykaa, Tata Chemicals, Reliance Industries, Larsen & Toubro, IOC, Medplus Health Services Stocks To Watch: Cochin Shipyard, Lupin, India Hotels, Rail Vikas Nigam, NHPC, SAIL, SBI, Tata Motors Stocks To Watch: Tata Steel, Power Grid Corp, Chambal Fertilisers, Gujarat Gas, Apollo Hospitals, Polycab, Mahindra & Mahindra, Lupin
Also ReadFPI selling slows down in November
Mishra also added that the The Nifty’s movement reflects that bears are firmly in control, using every rebound as an opportunity to short. We maintain our “sell on rise” stance for the index until a decisive reversal is evident, while emphasizing a selective approach for stock-specific trades.
Stocks to Watch on November 21, 2024
Adani Group
Dollar bond prices of Adani Group companies saw a sharp decline in early Asian trading on Thursday, November 21, following the indictment of the conglomerate’s billionaire chairman, Gautam Adani, in New York on charges of bribery and fraud, according to Reuters.
Debt issued by Adani Port and Special Economic Zone, maturing in August 2027, dropped by more than five cents on the dollar, based on LSEG data. Bonds of Adani Electricity Mumbai, maturing in February 2030,
» Read More
