BSE See NSE See 59,015.89
-125.27 (-0.21%)

Overnight Digest : These stocks will be in focus on Friday

Shreya Chaware
/ Categories: Trending, Mindshare
Rate this article:
Overnight Digest : These stocks will be in focus on Friday

The frontline indices are showing signs of vulnerability at life highs even as the broader markets continue to underperform. 

Following stocks will be in focus on August 6 : 

ITC: The shares of ITC were seen trending up with an improvement in volumes. Fresh long built-up was seen in ITC on Thursday. ITC can be looked at with a positive bias on Friday's trading session. 

IT stocks: Tech Mahindra and Wipro made life highs on Thursday's trading session. HCL Tech, LTTS, LTI and Tech Mahindra are in an intermediate uptrend and can be looked at with positive bias by both the investors and momentum traders. 

Metal Stocks: SAIL, Tata Steel and JSW Steel were seen trading with gains on Thursday even as these stocks witnessed long built up on Thursday. These metals stocks will be closely watched by traders and investors alike. 

Short built-Up: Derivatives market information can be a useful indicator of price action. SBI Life, BOSCH Ltd, SBI and Escorts saw fresh short positions being piled up on Thursday. Hence these stocks will be watched with caution on the Friday trading session. 

Arvind Ltd: The share price of Arvind Ltd tanked on Thursday's session. The company announced a net loss of Rs 8.35 crore in the June quarter. The stock price of Arvind Ltd will be watched closely at Friday's trading session. 

Previous Article Overnight Digest : These Small-cap stocks will be in focus on Friday
Next Article PDS Multinational Fashions outperforms after declaring positive results
Please login or register to post comments.

Get A Call From Industry Experts

Send Otp

   I authorize DSIJ Pvt Ltd to contact me. This will override registry on the NDNC.


Do you know these auto and auto ancillaries stocks more than doubled in 2021 alone?

After having traded negative in a three month period the BSE Auto index is up by over 3 per cent in one month and about 2.6 per cent in past one week alone.

Yogesh Supekar / Article rating: 3.8
In 2021 we find that several stocks from the auto and especially auto ancillary sector have more than doubled with the top gainer jumping higher...

Multibagger Alert: These Finance Sector Stocks have gained up to a whopping 3330.77 per cent in 2021 alone!

Some of the financials that outperformed the markets have turned out to be multibaggers with the top gainer Flomic Global Logistics jumping higher by a whopping 3330.77 per cent in 2021 alone.

Yogesh Supekar / Article rating: 3.3
The leveraged businesses considered most risky, however are seen making a strong comeback with Nifty Bank trading at all time highs. It is in fact...