These stocks are likely to be in focus on October 27
The equity markets witnessed a strong opening backed by positive gains in global markets following which the domestic indices juggled between gains and losses in Tuesday’s volatile trade.
At the closing bell, the Sensex was up 383.21 points or 0.63% at the 61350.26 level, and the Nifty was up 143 points or 0.79% at the 18268.40 level.
On the sectoral front, all the sectoral indices ended in green with auto, realty, metal, oil & gas indices up 1-3%. BSE Realty Index outperformed the markets by rising 3.4% on an intraday basis. The indices in broader markets, BSE Smallcap index and BSE Midcap index, outperformed the benchmark indices by rising 2.2% and 1.75% each.
Watch out for these stocks on Wednesday, October 27.
Infosys - The company announced that it has been selected by Posten Norge as a strategic partner to digitally transform its IT Service Management function. Through this collaboration, Infosys will establish a best-in-class IT Service Desk and adapt Posten Norge’s IT processes for new-age software delivery methods. The transformation will also involve the implementation of ServiceNow, an industry-leading, next-generation IT Service Management platform.
Kotak Mahindra Bank – The bank announced its quarterly results for Q2FY22 has posted a 7% fall in its standalone net profit at Rs 2,032 crore versus Rs 2,184.5 crore and net interest income (NII) was up 3.2% at Rs 4,020.6 crore versus Rs 3,897.5 crore, YoY. Other income was at Rs 1,812.6 crore versus Rs 1,432.4 crore, YoY. The share of Kotak Mahindra Bank touched a 52-week high of Rs 2,235.50 per share in Tuesday’s trading session.
Stocks locked in the upper circuit – From the BSE 500 index, the stocks of Gujarat Alkalies, IIFL Finance, Tanla Platforms and HFCL have outperformed the benchmark indices. They have gained up to 9.99% and locked in the upper circuit on Tuesday. Keep a watch on these stocks on Wednesday.
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