The stock market witnessed a downward trend on Monday, with Nifty and BSE Sensex closing in the red. All Nifty sectoral indices ended in negative territory, with Nifty PSU Bank and Metal being the top losers. Mahindra & Mahindra emerged as the biggest laggard in the Sensex pack, while several other prominent stocks, including Bajaj Finance, Tata Steel, and SBI, followed a similar downward trend.
Foreign Institutional Investors (FIIs) continued selling, while Domestic Institutional Investors (DIIs) maintained their buying spree. Oil prices also rose due to concerns over potential conflicts following the surprise attack on Israel. However, despite these factors, US stocks managed to recover from earlier losses incurred over the weekend due to the Israel-Hamas War.
Here are some stocks to keep an eye on:
1. Adani Ports: The shares of Adani Ports fell by five percent due to concerns related to the Haifa port in Israel. However, experts believe that the impact on Haifa, situated in North Israel, will likely be minimal, as the violence is concentrated in Gaza, located in the southern part of the country.
2. Zomato: This stock is attracting attention due to an indefinite strike by Swiggy’s delivery riders in Mumbai, which could potentially benefit Zomato in the market.
3. Reliance Industries: Morgan Stanley anticipates a 25 percent year-on-year increase in Reliance Industries’ upcoming earnings, driven by the energy and retail verticals. The brokerage firm also noted that factors such as earnings delivery and reduced net debt will contribute to the company’s positive performance.
4. Mazagon Dock: This defense PSU recently signed a letter of intent (LOI) with a European client, highlighting potential growth opportunities for the company.
5. Genus Power: According to an exchange filing, Genus Power secured orders worth Rs 3,115 crore for smart meters, demonstrating the company’s strong prospects in the market.
These stocks possess unique characteristics that could significantly impact their performance in the market. It is crucial for investors to monitor these developments closely.
Sources:
– Canva Pro (Image)
– TIMES NOW Digital (Source)
Definitions:
– Nifty: The Nifty is an index widely used by investors in India to track the performance of the country’s stock market. It consists of 50 actively traded Indian stocks listed on the National Stock Exchange (NSE).
– BSE Sensex: The BSE Sensex, commonly referred to as the Sensex, is India’s benchmark stock market index. It comprises the 30 largest and most actively traded stocks on the Bombay Stock Exchange (BSE).
– Foreign Institutional Investors (FIIs): FIIs refer to entities such as investment banks, mutual funds, and pension funds that invest in the financial markets of a country other than their own.
– Domestic Institutional Investors (DIIs): DIIs include financial institutions, insurance companies, and banks that invest in the financial markets of their own country.
– PSU: Public Sector Undertaking (PSU) refers to companies that are owned and controlled by the government of India. These companies are usually engaged in industries considered vital for national development and welfare.
– Revenue: Revenue refers to the total amount of money generated by a company through its business activities, excluding expenses and taxes.
– Net Debt: Net debt represents a company’s total debt minus its cash and cash equivalents. It indicates the actual debt load of a company after considering its available cash resources.
– Brokerage House: A brokerage house, also known as a brokerage firm or investment firm, is a company that facilitates the buying and selling of financial securities on behalf of its clients in the stock market.
