Stock Market Today : Tata Motors, Lupin, IGL To Keep The Market Happy In Dull Times

As expected in the current wave, Tuesday proved to be a dull day for the stock market. Selling by foreign investors saw the market coming under pressure and it closed with a red mark. The Sensex saw a decline of 631 points and closed at 60,115, whereas the Nifty too fell by 187 points to close at 17,914. Experts say that Wednesday too would be a day of ups and downs in the market.

Tata Motors, Lupin Show Bullish Signs

The Momentum Indicator Moving Average Convergence Divergence (MACD) has given bullish signals in some stocks. This includes Tata Motors, Jain Irrigation, Lupin, UPL and IGL.

Tata Motors has registered an increase of 15 per cent in the sale of Jaguar Land Rover, year on year. Since then, there has been a rise in the stocks of this company. On Tuesday, it closed at Rs 412.50, up by 5.92 per cent. In the last five days, this share has given a return of 5.61 per cent and will continue going strong.

Similarly, Lupin also closed on a green mark on Tuesday. Closing at Rs 759.00, it jumped 1.22 per cent yesterday and has gained 2.99 per cent in the last 5 days. The Mumbai based drug maker has received approval from the US Food and Drug Administration to market Fesoterodine Fumarate extended-release tablets and this has strengthened its position.

Indraprastha Gas Limited (IGL) closed at Rs 427.50 with a gain of 1.16% on the previous trading day. There is a boom in it for the last 5 days and the stock has seen a jump of 2.38 per cent. It is steadily moving towards its 52-week high of Rs 471.

The shares of Jain Irrigation Systems Limited also closed on a high on Tuesday, even on a dull day for the market. This stock is currently trading at Rs 32.65 and saw an increase of 1.71 per cent.

These Stocks May Gain Momentum

UPL saw a decline yesterday and closed at Rs 723.95 yesterday, with a fall of 1.40 per cent. However, experts say that the company recently stated that the promoters stake in UPL has crossed 30 per cent and this can surely affect its stock prices. So keep a watch on this one.

Keep an eye on the stocks of Tata Power, Ashoka Buildcon, Tata Steel and JSW Energy. These shares are trending in the news at the moment. Ashoka Buildcon has bagged another project in Madhya Pradesh and is trading at Rs 91.50 with a jump of 3.27 per cent. Tata Power closed at Rs 206.40 with a jump of 0.097 per cent. Tata Steel saw a rise of 0.98 per cent to close at Rs 118.70.