Stocks to watch today, July 30, 2024: GIFT Nifty indicates a lacklustre start for the benchmark equity indices on Tuesday. Here are buzzing stocks to watch during today's trading session
Stocks to watch today, July 29, 2024: GIFT Nifty indicates a positive start for the benchmark equity indices on Monday. Here are buzzing stocks to watch during today's trading session
Till the index firmly withholds the pivotal support of 19,500, there is no sign of caution in the market. While on the higher end, 19,800-20,000 holds stiff resistance and a decisive move beyond which could trigger the next leg of rally
The market witnessed volatility amid mixed cues, including better progress of monsoon, FIIs turning net sellers, mixed earnings and interest rate hiked by the ECB and the US Fed
BSE Sensex dropped 193.70 points, or 0.31 per cent, to settle at 62,428.54, while NSE's Nifty50 declined 46.65 points, or 0.25 per cent, to end the session at 18,487.75 for the day.
During the week, foreign institutional investors bought equities worth of Rs 3,986.25 crore while domestic institutional investors sold equities worth of Rs 1,240.47 crore
Some of the stocks had delivered solid returns and, despite the steep falls, are still sitting on strong one-year returns, data compiled by Trendlyne suggests. Data showed Samtex Fashions sank 64 per cent from its 52-week high, Dhampur Sugar slumped 55 per cent; DCM Nouvelle plunged 53 per cent over its one-year high.
Rajesh Palviya of Axis Securities advised that traders should trail stop-loss towards 18,100 levels for all long positions with an upside towards 18,300-18,400 levels.