Overnight Digest: Stocks likely to be in focus on October 11
Watch out for these stocks for Tuesday's trading session.
In a highly volatile session on Monday, the benchmark indices ended lower. Sensex slipped 200.18 points or 0.34 per cent and closed at 57,991.11 while Nifty fell 73.70 points or 0.43 per cent to 17,241.
The stocks of Tata Motors, Tata Consumer Products, Hero MotoCorp, Asian Paints, and ITC made up the top Nifty losers while Axis Bank, TCS, HDFC Life, Eicher Motors & Maruti Suzuki were the Top Gainers.
Watch out for these stocks for Tuesday's trading session -
FSN E-commerce Ventures - Nykaa Fashion has partnered with ‘Revolve’, the world-renowned celebrity-approved fashion e-tailer. In this partnership with Revolve, the multi-brand shopping platforms come together to offer access to a whole new range of the hottest fashion labels from across the world. With the launch of Revolve on its own platform, Nykaa Fashion opens doors to a seamless international shopping experience in India. Owing to the positive news, the shares of Nykaa are likely to be eyed for the upcoming trading sessions.
Tata Motors - The shares of Tata Motors tanked over 4 per cent during Monday's trading session after informing that Jaguar Land Rover sold 88,121 vehicles in the quarter that ended FY23, zooming 11.8 per cent over the previous quarter but contracting 4.9 per cent YoY. The company also informed that in H1FY23, the company recorded a 23.2 per cent decline in sales volume, standing at 1.66 lakh vehicles on a YoY basis. The total order book in Q2FY23 has advanced by 5,000 vehicles to 2.05 lakh vehicles as compared to the previous quarter.
Defence shipbuilding stocks - The shares of shipbuilding & allied services companies were seen trading in an upward direction, gaining up to 11 per cent in an otherwise weak market, owing to predictions of robust earnings tracing to an expected healthy order book position. Among the stocks, the shares of Garden Reach Shipbuilders & Engineers Limited soared 11 per cent to Rs 434.15, followed by Mazagon Dock Shipbuilders Ltd (MDL), surging 6 per cent to Rs 434.15 and hitting respective record highs on an intraday basis.
Price volume breakout stocks - In a volatile market today, which ended on a red note, some of the shares that showed a price volume breakout and caught investors' eyes include Krishna Institute of Medical Sciences, Sun Pharma Advanced Research Company, Shree Renuka Sugars, Vardhman Textiles, and Aegis Logistics.