These stocks are likely to be in focus on December 8

resr 5paisa Research Team

Last Updated: 16th December 2022 - 07:34 am

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On Tuesday, the benchmark indices ended in green with Nifty closing above the level of 17100 led by the auto, metal, realty and financial names.

The session was closed by Sensex zooming 886.51 points or 1.56%, settling at 57,633.65 level and the Nifty rising 264.40 points or 1.56% ending at 17,176.70 level. About 2278 shares have advanced, 924 shares declined, and 114 shares are unchanged.

All sectoral indices ended in the green with BSE Metal index jumping 3.2% on an intraday basis, whereas BSE Bankex and BSE Realty ascending 2.54% and 2.58%, respectively. Hindalco Industries was the top gaining stock in the metal index zooming 5.03% 

In the broader markets, BSE midcap and smallcap indices rose 1% each.

Watch out for these stocks in Wednesday's trading session:

Nestle India - The company announced that it has received approval from the Government of India towards its proposal w.r.t. processed fruits and vegetables. The company has always believed that the PLI scheme for the food processing sector will help farmers and the food processing industries. It is overall a good step for an industry that has one of the better ratios of capital investment and employment generation.

Biocon - The company has partnered with Tabuk Pharmaceutical Manufacturing Company (a fully owned subsidiary of Astra Industrial Group), a leading pharmaceutical company in the Middle East and North Africa (MENA), to commercialise select speciality products in the Middle East. The partnership will pave the way for Biocon’s expansion into the MENA region to include Saudi Arabia, UAE, Kuwait, Qatar, Oman and Iraq, in addition to Jordan and Lebanon.

52-week high stocks – From the BSE 200 pack, the stocks of Glaxosmithkline Pharmaceuticals and Torrent Power have made fresh 52-week high prices. Keep a watch on these stocks for Wednesday's trading session.

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