The domestic bourses surged gradually among strong buying seen in IT and automobile stocks giving rising as much as 1.96 per cent and 1.19 per cent, respectively. The Nifty FMCG and Nifty Consumer Durables slumped by 0.73 per cent and 0.71 per cent, respectively. Meanwhile, crude oil trading above USD 110 per barrel due to the Russia-Ukraine conflict. On the international front, U.S. Federal Reserve Chairman Jerome Powell hinted at a rate hike of 50 basis points. 

BSE Smallcap index underperformed broader markets, recoding gains of mere 0.15 per cent ending at 27,852.84. 

Going ahead, the theme of sector churning and stock-specific outperformance is likely to remain intact and hence, we have come out with a list of stocks that should be on your radar.  

On Tuesday, the core benchmark indices entered the positive zone in mid-noon deals and ended higher led by auto, bank, IT, oil & gas stocks. 

  Among the sectoral indices, Nifty IT, Nifty Auto & Nifty Bank witnessed strong recovery and closed about a per cent higher.

The brent and crude oil prices surge as supply risk mounts from the Russia-Ukraine war. RBI is going to execute a three-day meeting to discuss various factors before declaring the monetary policy next month. The Wall Street stocks declined as fed chairmen said “inflation is much too high” and pledged to take “necessary steps” to bring prices under control. Foreign investors (FII) sold shares worth Rs 2,962.12 crore and Domestic Investors (DII) bought shares of Rs 252.91 crore on March 21. 

Shares of Ratnamani Metals & Tubes Ltd, Chennai Petroleum Corporation Ltd and Gulshan Polyols Ltd have rallied in today’s trading session. While markets opened below their previous close, as of noon, BSE Sensex was down by 0.41 per cent.

Tata Motors Ltd, an Indian multinational automotive manufacturing company has given investors exceptional returns in the last 1.5 years.

Keep a watch on these stocks as well as on their volumes for potential breakout and consider hopping in for decent profits!  

List of the stocks where sell positions are being covered in the F&O segment.