On Tuesday, the main stock market indices ended the day on a negative note. The Sensex closed slightly lower by 0.53% at the level of 71,892.48, while the Nifty also concluded with a 0.36% decrease at 21,663.60.
Market volatility, measured by India VIX, showed a slight decrease of 0.68%, indicating a small drop in market volatility.
Top gainers in individual stocks included Adani Ports, Divi’s Laboratories, and Sun Pharma, whereas Eicher Motors, M&M, and Ultratech Cement were among the top losers in the Nifty 50.
In terms of sector-wise performance, Nifty Pharma, Nifty Energy, Nifty Media, and Nifty Metal were among the top gainers, while Nifty Auto, Nifty Realty, Nifty IT, and Nifty Bank faced losses.
The broader market indices, Nifty Midcap and Nifty Smallcap, also saw moderate declines, falling by 0.18% and 0.26%, respectively.
Arihant Superstructures Ltd (ASL), one of the Largest Real Estate Developers in the MMR Region announces the signing of a new Low-rise township project spread across 118 acres at Chowk, Off Old Mumbai-Pune Highway near Panvel, Navi Mumbai. It falls under the Navi Mumbai Airport region of “Mumbai 3.0” and is a 25-minute drive from the upcoming Navi Mumbai International Airport & MTHL Sea Link which connects to South Mumbai.
Alembic Pharmaceuticals is in the business of development, manufacturing, and marketing of pharmaceuticals products i.e. Formulations and Active Pharmaceutical Ingredients. The stock experienced a significant surge in trading volume today, surpassing its weekly average by over 32 times. Considering these positive signals, it’s advisable to consider adding this stock to your watchlist.
Alok Industries is a textile company with a presence in the cotton and polyester segments. Today, the company’s shares witnessed a substantial surge, reaching the upper circuit of 20%, amid the receipt of subscription money of Rs 3,300 crore from Reliance Industries Limited. Investors should consider adding this stock to their watchlist.
Today, Subros Ltd witnessed a surge, reaching a new 52-week high of Rs 636, signalling a bullish momentum. It is engaged in the business of manufacturing and supplying Auto Air Conditioning products for all major Automakers in Passenger and Commercial Vehicle Space. It has a technical collaboration with Denso Corporation.
Hi-Tech Pipes Limited, a prominent steel processing company in India, has reported its Sales Volume Performance for the third quarter of fiscal year 2024 and the nine months ending December 31, 2023. The company achieved a total sales volume of 283,426 metric tons in the nine months of fiscal year 2024, compared to 248,089 metric tons in the same period of the previous fiscal year, marking a growth of 14.25% year-over-year. This development positions the stock as a potential candidate to watch.
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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