These stocks are likely to be in focus on September 7

These stocks are likely to be in focus on September 7

by 5paisa Research Team Last Updated: Dec 13, 2022 - 03:18 pm 16.9k Views
Listen icon

On Tuesday, the domestic benchmark indices faded early gains to settle on a flat note, tracking mixed global cues. 

The energy crisis and future European Central Bank (ECB) interest rate decisions dominated the sentiments in European markets. 

Benchmark indices ended the session with Sensex being down by 48.99 points or 0.08% at the 59,196.99 level, while Nifty dropped 10.20 points or 0.06% at the 17,655.60 level. 

On the sectoral front, buying was seen in oil & gas, power, and metal names, while financials, FMCG, and IT indices ended lower. 

Keep an eye on these stocks for Wednesday’s trading session:

Adani Power - Billionaire Gautum Adani plans to start exporting electricity from a coal-fired plant in eastern India to Bangladesh before the end of the year, helping to alleviate energy shortages in the South Asian nation. Adani Power will commission a 1.6 GW facility in Jharkhand state and a dedicated transmission line for the exports by December 16. On this news, the share of Adani Power soared 5% in an otherwise dull market.

Tyre Stocks – On the prediction of robust demand and expansion of margins, Tyre stocks were seen running in a substantially upward direction in an otherwise weak market. JK Tyre & Industries jumped 8% to Rs 159.50, while, MRF, TVS Srichakra and Goodyear India elevated by 4%. Apollo Tyres gained 7% to reach Rs 272.35 while Ceat surged 5% to Rs 1,458.40, simultaneously hitting their respective 52-week highs. Watch out for these stocks in upcoming trading sessions.

Kalpataru Power – The shares of Kalpataru Power heavily outperformed in Tuesday’s trading session shooting up 9% on an intraday basis. Investors' sentiments were hoisted after the company and its international subsidiaries secured new orders worth Rs 1,345 crore. The company has received orders in India and overseas markets in the transmission and distribution (T&D) business along with pipeline laying works and metro rail electrification in India.

Price Volume Breakout Stocks – Some of the stocks which have shown a price volume breakout in today’s weak trading session comprised of Central Bank of India, Brigade Enterprises, Varun Beverages, NLC India and Crompton Greaves Consumer Electricals. These stocks have gained up to 6.74% during the trading session.

Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial. Also, The
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Flair Writing Products IPO Lists at 64.8% premium, ends at lower circuit

Strong listing for Flair Writing Products IPO, then hits lower circuit

Revving Up: Catch the Exciting November 2023 Auto Sales Highlights!

Escorts Kubota Ltd. witnessed a 4% increase in its total dispatches to dealerships, reaching 8,258 units, reflecting a 3.7% YoY growth. The rise in total dispatches to dealerships for Escorts Kubota Ltd.

Dixon Technologies to Manufacture Xiaomi Phones at Noida Plant

In a transformative move to enhance local smartphone manufacturing, Dixon Technologies (India) Ltd. has inaugurated a smartphone manufacturing plant in Noida.