On Friday, the major stock indices ended the trading day positively, with the Sensex gaining 0.7% to close at 71,683.23, and the Nifty rising by 0.67% to reach 21,606.35.
Market volatility, measured by the India VIX, saw a modest decrease of 1.37%, indicating a reduction in overall market volatility.
Key sectoral gainers included Nifty Metal, Nifty FMCG, Nifty Energy, and Nifty PSU Bank, while Nifty Media and Nifty Bank experienced losses.
Among the top gainers in the Nifty 50 were ONGC, Bharti Airtel, and NTPC, while IndusInd Bank, HDFC Bank, and Kotak Bank were among the leading losers.
The broader market saw the Nifty Midcap surging by 1.15% and the Nifty Smallcap rising by 0.96%.
Tatva Chintan Pharma Chem Limited was incorporated in 1996 and it is a manufacturer of a diverse portfolio of structure Directing Agents, Phase Transfer Catalysts, electrolyte salts for batteries, Pharmaceutical and Agrochemical Intermediates and other speciality chemicals. The company is set to release its Q3FY2024 results on January 20. Thus, it is advisable to add this stock to the watchlist.
HP Adhesives Limited manufactures a wide range of consumer adhesives and sealants. The stock experienced a significant surge in trading volume today, surpassing its weekly average by over 23 times and the shares closed up by 17.8% for the day. Considering these positive signals, it’s advisable to consider adding this stock to your watchlist.
Sterling and Wilson Solar Ltd is one of the leading end-to-end solar engineering, procurement and construction (EPC) solutions providers globally and is also engaged in the operation and maintenance (O&M) of solar power projects. The company is backed by the strong parentage of Reliance Industries. Today, the shares of the company were locked in an upper circuit of 5% signalling bullish momentum. Thus, it is advisable to add this stock to your watchlist.
Today Action Construction Equipment Ltd shares achieved a new 52-week high price of Rs 943.45 signalling bullish momentum. Thus, it is advisable to add this stock to your watchlist. The company is engaged in the business of manufacturing and marketing hydraulic mobile cranes, mobile tower cranes, material handling equipment like forklifts, road construction equipment like backhoe loaders, compactors, motor graders and agriculture equipment like tractors, harvesters, rotavators, etc.
Can Fin Homes Ltd is set to release its Q3FY2024 results on January 19. Thus, it is advisable to add this stock to the watchlist. It is a public deposit-taking housing finance company promoted by Canara Bank in 1987, It focuses on funding to low & middle-income group individuals & first-time homebuyers preferably salaried or professional.
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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