DSIJ Mindshare

The stocks that are likely to witness significant movement on the bourses on Monday, June 11, 2018 are Kesoram Industries Limited, Monsanto India Limited, The Karnataka Bank Limited, Natco Pharma Limited and Tata Motors Limited.     

The World Bank forecasted that the Indian economy will grow as the fastest economy in the world surpassing, China the largest economy in the world. It expects India to grow by 7.3 per cent in FY19 and 7.5 per cent in the next two years.

Sugar stocks across the board witnessed sharp correction in the past few months. The major reason was substantial drop in sugar prices domestically and globally too. Government’s efforts are not showing signs of recovery in the near-term.

Automobile giant Tata Motors shot up by over 2 per cent in Friday’s intraday trade session on the back of the company’s fund raise plans. The company announced on Thursday evening that it has proposed to raise funds worth USD 250-500 million via external commercial borrowing.

PSU Bank index posted a Doji and bounced back from 50 per cent retracement of the prior upward rally from 2,645 to 3,055. Thereafter, it has given three consecutive daily upbeats till date. Volumes are rising and 14-period RSI is nearing 60 which suggests momentum.