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Wednesday Market Update: Kohinoor Foods, Tata Motors, Crompton Greaves Shine In The Market, Look Out For TVS Motors, Nazara Technologies

Tuesday was a volatile day for the market, with BSE closing at a gain and NSE closing with a decline. The experts say that this trend may continue even on Wednesday

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Tuesday was a volatile day for the stock market. The BSE Sensex closed at 60,978 points with a slight gain of 37 points, but the NSE Nifty closed at 18,104 points with a decline of 14 points. 

The gain was seen in shares of sectors like Auto, FMCG, Consumer Durables and IT, while banking and energy saw a fall. Experts say that Wednesday too will see ups and downs in the market. 

Good Jump In These Stocks

Kohinoor Foods was amongst those names which saw a big jump on Tuesday. This stock of Rs 78.40 saw a jump of 19.97 per cent and in the last five days it has seen a return of a good 42.55 per cent. 

Tata Motors and Maruti Suzuki too scored big on Tuesday. Tata Motors is trading at Rs 422.00 and saw a gain of 3.33 per cent. It has seen a constant growth in the last 5 days. 

Maruti Suzuki too was amongst those which saw a good gain. It is trading at Rs 8,696.00 and saw a gain of 3.31 per cent, while in the last five days the gain has been 2.48 per cent. 

The Bullish Stocks 

The Momentum Indicator Moving Average Convergence Divergence (MACD) has given bullish signals on Nureca, Sona BLW Precision, GAIL and Crompton Greaves. Nureca’s stock closed yesterday at Rs 452.10, down more than 1.14 per cent. However, it has given a return of 21.06 per cent in the last 5 days.

Shares of Sona BLW Precision closed at Rs 434, up nearly 3.89 per cent on Tuesday. It has given a return of 3.96 per cent in the last 5 days. Crompton Greaves is trading at Rs 338.90 and has gained 3.39 per cent in the previous trading session.

These Are In The News 

Today, keep an eye on the stocks of TVS Motors, Nazara Technologies and real estate company Macrotech Developers. In fact, the profit of TVS Motors has jumped by 22 per cent to Rs 352.8 crore in the December quarter. Along with this, an increase of 14.7 per cent has also been recorded in the company's revenue. 

Similarly, the profit of Rakesh Jhunjhunwala-invested company Nazara Technologies has gone up by 76 per cent in the December quarter. While the profit of Macrotech Developers in the third quarter has increased by 41.7 percent to Rs 404.5 crore. The effect of this can be seen on the shares of these companies.