On Tuesday, the stock market had a good day. The Sensex, which is like a report card for the overall market, went up by 0.32%, closing at 71,336.80. The Nifty, which focuses on 50 major companies, also rose by 0.43%, closing at 21,441.35. The Nifty Midcap, covering medium-sized companies, gained 0.65%, and the Nifty Smallcap, including smaller companies, increased by 0.14%.
The India VIX, a measure of market volatility or how much prices are swinging, went up by 6.80%, showing that the market had more ups and downs than usual.
In terms of sectors, industries like energy, metal, pharmaceuticals, and auto did well (gainers), while media, IT, and PSU banks didn’t perform as well (losers).
Some individual stocks that stood out were Divi’s Laboratories, Hero Motocorp, and NTPC, as they did really well. On the flip side, Bajaj Finance, Bajaj Finserv, and Infosys didn’t have a great day among the top 50 stocks.
Looking at a broader picture, the Nifty Midcap Index went up by 0.65%, indicating positive movement in medium-sized companies, and the Nifty Smallcap Index had a nearly flat closing, increasing by 0.14% from the previous closing.
Solara Active Pharma Sciences Ltd is in the business of producing and selling active pharmaceutical ingredients (APIs). Today, the stock experienced a significant surge in trading volume, surpassing its weekly average by more than 54 times. Notably, the stock closed the day with a gain of 14.25%. Given these positive indicators, it’s worth considering adding this stock to your watchlist.
Gallantt Ispat Limited, a prominent iron and steel manufacturing company based in Eastern Uttar Pradesh, operates in various sectors including iron and steel, agro, power, and real estate. Notably, the stock hit the upper circuit of 20% today, indicating a significant surge in buying interest. Considering this positive momentum, it might be a good idea to include this stock in your watchlist.
DTL is engaged in the production of hydraulic gear pumps and automotive turbochargers, catering to clients in the aerospace, automotive, and hydraulic industries. Recently, the stock hit a new high for the year, reaching Rs 5,190. Impressively, it has yielded Year-to-Date (YTD) Returns of 112.56%, suggesting it might be a strong candidate for inclusion in your watchlist.
Network People Services Technologies Ltd specialises in offering digital payment solutions to banks, financial institutions, and merchants. The company’s board has given the green light and suggested a bonus issue of equity shares in the ratio of 2:1. It might be a good idea to consider adding this stock to your watchlist.
Crompton Greaves Consumer Electricals Ltd is a major player in the consumer goods sector in India, boasting a brand legacy of over 75 years. Today, the company shared exciting news that its Fan’s Division in Goa has secured the “National Safety Award” in the Large Enterprises category within the Electrical Consumer Durables Sector at the 11th Global Safety Summit (GSS). This positive development could make the stock worth considering for your watchlist.
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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