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Friday In Stock Market: CCL Gives A 'Caffeine Shot', Watch Out For Tata Power, Paytm Today
Fluctuations continued in the stock market even on Thursday and experts feel that it is the Adani effect. The last trading day of the week too will remain action packed for the market
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It was a day of fluctuations for the stock market on Thursday. While the BSE Sensex closed at 59,932.24 with a gain of 224 points, the NSE Nifty closed at 17,610.40 with a fall of 5.90 points. The Adani effect continues to cast its shadow on the market and the fluctuations would continue even on the last trading day of the week.
Big Gainers Of The Day
Welspun India was amongst the big gainers of the day on Thursday. It closed at Rs 70.15, with a gain of 9.01 per cent. Its gain in the last five days has been 0.14 per cent. Sterling Tools touched its 52-week high at Rs 377.00, up by 12.07 per cent. In the last one month, it has given 42.72 per cent returns.
InfoBeans Technologies too was in the big list. Trading at Rs 540.00, it jumped by 11.18 per cent on Thursday and has seen a gain of 6.22 per cent in the last 5 days.
Signs Of Strength In These Stocks
The Momentum Indicator Moving Average Convergence Divergence (MACD) has shown signs of strength in some stocks for Friday. These includes Wipro, Sun Pharma and CCL Products.
The stocks of CCL Products got a ‘caffeine shot’ yesterday. This coffee maker’s share saw a gain of 4.73 per cent and is available at Rs 560.90. It has gained 5.71 per cent in the last 5 days.
The shares of IT company Wipro closed at Rs 409.95 on Thursday, up by 1.88 per cent. It has given a return of 2.09 per cent in the last five days. This stock has been quite volatile recently.
Shares of Sun Pharma closed on the red mark yesterday. At one point, this share touched Rs 995, but by the closing bell, it recovered to Rs 1,005.20. The news of a new Covid wave was signalling a boom for the pharma stocks, but it has slowed down now. Sun Pharma’s 52-week high is Rs 1,072.15 hence experts are hopeful of its gain.
Q3 Results Expected
Today, Q3 results of the following companies are expecting, which will definitely have an impact on their share positioning for the next week too -
ITC, State Bank of India, Divi's Labs, Bank of Baroda, Tata Power, InterGlobe Aviation, One 97 Communications (Paytm), Marico, Mahindra & Mahindra Financial Services, Zydus Lifesciences, Manappuram Finance, Aarti Industries, Borosil, Clariant Chemicals, Elgi Equipments, Emami, Engineers India, India Cements, Intellect Design Arena, JK Tire & Industries, Jubilant Pharmova, Kansai Nerolac Paints, Nava, Praj Industries, Quess Corp, Shipping Corporation of India, Sun TV Network and Tube Investments of India.