We are well-positioned to grow in our segment, given our superior research and strong distribution capabilities, emphasizes Sandeep Bhardwaj, CEO, Retail, IIFL Securities. 

Markets have been highly volatile with a bearish bias, providing an excellent opportunity to buy businesses with strong fundamentals. We will identify top stocks with growing net and operational cashflows in this post.

As the Centre cuts excise duty on petrol by Rs 8 per litre and diesel by Rs 6, several states have followed the suit by reducing VAT on petrol and diesel. Auto, realty, and logistics stocks are rallying on the bourses on the back of this positive news, being beneficiaries of the ease in petrol and diesel price. 

During Monday's opening bell, Indian markets were flat despite strong volatility, mirroring mixed global trends. On the domestic front, the auto index climbed 1 per cent to boost the broader markets, while metal stocks fell 8 per cent in early trading. The market's performance comes after the government announced an excise duty drop of Rs 8 per litre on petrol and Rs 6 per litre on diesel. 

At 11.30 am on Monday, the core equity indices i.e., Sensex and Nifty 50 were trading marginally higher amidst mixed global cues. The Asia Pacific markets showed mixed signs on Monday as global uncertainties continue to worry the investors. 

The frontline index S&P BSE Sensex opened in green today. Within the first 15 minutes of the day, it made a gain of 0.25 per cent. 

As the adage goes ‘A picture is worth a thousand words’, it is no different for a price action trader.

Going ahead, the stock selection is going to be of paramount importance and hence, we have chalked down a list of stocks that are likely to outperform. 

As bulls took charge of today’s session, Metal and Realty emerged as the biggest gainers among sectoral indices. At the closing bell on May 20, the Sensex closed with significant gains of 3 per cent or 1582.93 points to close at 54,375.16, while the Nifty index gained 2.9 per cent or 456.75 points at 16266.15. 

 Welspun Corp, JK Lakshmi Cement and Nava Bharat Ventures witnessed positive action in today’s session.  

After starting the week on a cheering note to falling in the middle of the week, the benchmark indices again rose on Friday to end the week higher. Following global cues, the Indian equity markets witnessed substantial volatility where Sensex 30 & Nifty 50 zoomed between 2 and 3 per cent.