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Tuesday In Stock Market: Good News For Vodafone, Adani Ports, Watch Out For Bharti Airtel, Hero MotoCorp, Ambuja Cements Today
Monday saw both NSE and BSE closing on the red mark. Experts say that the market may see a roller coaster ride today as well
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The opening day of the week did not see much happiness in the stock market on Monday. Both Sensex and Nifty closed on the red mark, with the Bombay Stock Exchange Sensex falling by 334.98 points to close at 60,506 and the NSE Nifty falling by 89.45 points to the level of 17,764.
As the market opens for Tuesday, experts say that today the market is expected to ride the see-saw to see ups and downs.
The Big Gainers of the Day
There was finally some good news for Vodafone Idea on Monday. As the government gave a nod to turn dues into equity, the stock saw a jump of a good 20.44 per cent to close at Rs 8.25. It has seen 10.74 per cent growth in the last one month.
Uniphos Enterprises was another stock that saw a good jump in the volatile market. The stock gained 19.99 per cent to close at Rs 162.35, touching its 52-week high.
There was good news for the Adani group as well, as stocks of Adani Ports and Special Economic Zone too saw a gain on Monday. Closing at Rs 541.90, it gained 8.63 per cent but experts are still asking to ‘wait-and-watch’.
Boom Expected In These Stocks
The Momentum Indicator Moving Average Convergence Divergence (MACD) is giving bullish signs for the stocks of Paytm, IDFC First Bank, Zydus Lifesciences, HDFC Bank and Biocon.
Paytm, which is listed in the stock market as One 97 Communications, registered a sharp gain of 6.11 per cent. It is currently available at Rs 557 and has gained 4.48 per cent in the last 5 days.
Shares of IDFC First Bank too registered a gain of 1.45 per cent on Monday. Available at just Rs 59.65, this share has gained 5.20 per cent in the last 5 days and 33.59 per cent in a month.
Zydus Lifesciences also saw a gain, with the share closing at Rs 469.05 at a gain of 7.91 per cent on the first trading day of the week. It has given a return of 9.42 per cent in the last five trading sessions. HDFC Bank fell by 0.53 per cent yesterday to close at Rs 1,650, however it has been a volatile share in the last 5 days.
Biocon also closed on the green mark on Monday. Available at Rs 241.50, this share has shown a gain of 3.54 per cent in the last 5 days.
Quarterly Results Expected Today
Here’s a list of companies that are going to announce their quarterly results today. Bharti Airtel, Hero MotoCorp, Ambuja Cements, Adani Ports and Special Economic Zone, Adani Green Energy, NDTV, Aditya Birla Fashion and Retail, Astral, Barbeque-Nation Hospitality, Bharat Dynamics, Computer Age Management Services, Deepak Nitrite, Gujarat Fluorochemicals, GSK Pharma, Kalyan Jewelers India, Motherson Sumi Wiring India, Navin Fluorine International, NHPC, Phoenix Mills, Ramco Cements, Rashtriya Chemicals & Fertilizers, Sobha, Thermax and Wonderla Holidays. Do keep an eye on their stock prices today.