Given the current market volatility, auto stocks seem to be a better bet for long side trades. Select stocks like M&M and TVS Motor can rally up to another 12 per cent.
The Indian Rupee opened weak against the US dollar as crude oil prices and the dollar reversed some of their recent declines, said Sriram Iyer, senior research analyst at Reliance Securities
Vedant Fashions makes decent debut, lists at 8% premium; Vijay Kedia-owned stock hits 10% upper circuit on order win; IDBI Bank gains 3% as govt set to begin investor outreach from Feb 25
The technical analyst expects the overall trend for the market to remain choppy, with the NSE Nifty likely to face resistance around 17,639 and 17,794.
FIIs have been on a selling spree across most EMs, including India where they have sold over $11 billion worth of equities since October 2021 when they started to unwind their position here
Nykaa slips 7.5% on 59% drop in Q3 net profit; Mahindra Lifespaces rallies 20% on plan to buy M&M land; Solara Active Pharma tanks 20% on weak Q3 results; Govt likely weighing 5% stake sale in LIC IPO
Adani Wilmar gains 15% over issue price after weak debut; Ugar Sugar Works zooms 40% in 2 days; Sansera Engineering hits new low; Vedant Fashions IPO sails through on final day
Nifty PSU Bank index outperforms benchmarks; SBI hits record high; IndiGo soars 10% on strong rebound in Q3 bottom line; Vedant Fashions IPO sees 20% subscription on day 2
Nifty Metal shines; Hindustan Copper gains 6%; Godrej Properties, Monte Carlo Fashions slump 10% each; Vedant Fashions IPO subscribed only 11% on day 1
Nifty Metal index soars 4%; Tata Steel, SAIL rally; ITC jumps to 7-week high as no tobacco tax relieves investors; Sun Pharma hits new 52-week high post Q3 results; Govt brings cryptos under tax net
Govt okays Neelachal Ispat sale to Tata Steel Long Products; stock rises 6%; Adani Wilmar IPO subscribed 17.36 times; GMP halves in a week; Hotel stocks rally on improved outlook after third wave
Bharti Airtel rises 6% on Google's $1-bn investment plan, erases gains later; PSE stocks surge ahead of Budget; CPSE index gains 1%; Adani Wilmar IPO subscribed 1.08 times on day 2
Zomato ends 9% down, slips below listing price; Supriya LifeScience tanks 18% on disappointing Q3 earnings; Adani Wilmar IPO to open on Jan 27; price band fixed at Rs 218-230 apiece
Bajaj Finance hits new high on Q3 results; falls on profit-booking later; Paytm hits new low; declines 26% in three weeks; AGS Transact Technologies IPO subscribed 85% on day 1