On the first trading day of 2024, the Benchmark indices ended the day with little change. Sensex, one of the key indices, closed slightly up by 0.04% at 72,271.94, and Nifty, another important index, also closed a bit higher by 0.05% at 21,741.90.
Market volatility, measured by India VIX, increased by 1.71%, showing a small rise in market unpredictability.
Nestle India, Adani Enterprises, and Adani Ports were among the top gainers, while Eicher Motors, Bharti Airtel, and M&M were among the top losers in the Nifty 50 stocks.
Gaining sectors included Nifty Media, Nifty PSU Bank, Nifty FMCG, and Nifty IT, while losing sectors were Nifty Financial Services, Nifty Auto, and Nifty Bank.
In broader indices, Nifty Midcap increased by 0.63%, and Nifty Smallcap went up by 0.54%.
Shivalik Bimetal Controls Ltd. is a company specialized in the joining of material through various methods such as Diffusion Bonding / Cladding, Electron Beam Welding, Solder Reflow and Resistance Welding. The stock experienced a significant surge in trading volume today, surpassing its weekly average by over 18 times. Notably, it closed the day with an impressive 8.4% gain. Considering these positive signals, it’s advisable to consider adding this stock to your watchlist.
Apollo Micro Systems Ltd is a pioneer in design, development, assembly and testing of electronic and electro mechanical solutions. Today, the company’s shares witnessed a substantial surge, reaching the upper circuit of 5%, indicating a noteworthy uptick in buyer interest. It is advisable for investors to consider adding this stock to their watchlist.
Today, Affle India Ltd witnessed a surge, reaching a new 52-week high of Rs 1,336.9, signaling a bullish trend. Incorporated in 1994, Affle is a global technology company with a proprietary consumer intelligence platform that transforms ads into recommendations helping marketers to effectively identify, engage, acquire and drive transactions with their potential and existing users.
In a recent announcement, Surya Roshni Ltd, India’s leading exporter of ERW Pipes and the largest producer of GI Pipes, revealed that its Lighting and Consumer Durable business is now debt-free, marking it as a segment completely free from borrowing as of December 31, 2023. This encouraging development positions the company’s stock as a strong contender for inclusion in your watchlist.
G R Infraprojects Ltd functions as an integrated road (EPC) Engineering, Procurement, Construction company. Notably, the company has secured success as a bidder and recently obtained a Letter of Intent from REC Power Development and Consultancy Limited on December 31, 2023. This letter pertains to the establishment of a “Transmission system for Evacuation of Power from RE Projects in Rajgarh (1000 MW) SEZ in Madhya Pradesh‐Phase II.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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