These stocks are likely to be in focus on October 11.
On Friday, the domestic equity market was in a positive mood as the RBI's Monetary Policy Committee decided to maintain a balanced view on interest rates and opted to continue an accommodative stance till signs of any durable growth are seen.
The benchmark indices, Sensex and Nifty have edged higher. Sensex zoomed by 379.4 points or 0.64% settling at 60,057.23 levels whereas Nifty closed at 17,898 level, up by 107.65 points or 0.61%.
BSE IT and BSE Energy indices witnessed buying interest gaining 1.82% and 2.65%, respectively. The rest of the indices chose to remain subtle and traded almost flat in Friday’s trading session. In the broader markets, the BSE Smallcap index closed 0.92% higher and BSE Midcap index closed 0.16% on the upside.
Keep a watch on these stocks on Monday:
Motherson Sumi Systems - The company announced the acquisition of a majority stake in CIM Tools Private Limited. This milestone acquisition will mark Motherson Sumi's step into the aerospace industry. The company will acquire a 55% stake from the promoters of CIM Tools Private Limited.
Cadila Healthcare - This leading pharma company has received tentative approval from the USFDA to market Adapalene and Benzoyl Peroxide Gel 0.3%/2.5%, used to treat acne. The drug will be manufactured at the group’s Topical plant in Ahmedabad. The group now has 323 approvals and has so far filed over 400 ANDAs since the commencement of the filing process in FY 2003-04.
Reliance Industries – The company has reached near the market capitalization of Rs 18 lakh crore and has rallied up to 4% in Friday’s trading session. The stock hit a record high of Rs 2,684.40, with a market cap of more than Rs 17 lakh crore.
52-week high stocks – With the bullish sentiments hovering in the markets, along with Reliance Industries, Tata Group stocks, TCS and Titan have again made fresh 52-week highs of Rs 3,990 per share and Rs 2,429 per share, respectively.
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