These stocks will be in focus on Friday, October 29

These stocks will be in focus on Friday, October 29

by 5paisa Research Team Last Updated: Dec 13, 2022 - 10:42 pm 48.2k Views
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The BSE Sensex witnessed a meaningful correction on Thursday even as the NIFTY 50 index slipped below the 20DMA, indicating weakness.

Indian benchmark indices ended lower for the second consecutive session on October 28 dragged by the bank, metal, realty, oil & gas, power and pharma stocks.

At close, the Sensex was down 1,158.63 points or 1.89% at 59,984.70, and the Nifty was down 353.70 points or 1.94% at 17,857.30. On Thursday, 887 shares have advanced, 2313 shares declined, and 116 shares are unchanged.

Adani Ports, ITC, ONGC, ICICI Bank and Kotak Mahindra Bank were among the major Nifty losers. Gainers included IndusInd Bank, L&T, UltraTech Cement, Asian Paints and Shree Cements.

Several stocks however bucked the broader trend and managed to catch investors' attention.

Below are the stocks that are likely to remain in focus on Friday.

Upper Circuit Stocks: Brightcom Group, Par Drugs and Goldstone Technology are some of the trending stocks that were locked in the upper circuit on Thursday. These stocks will be in focus on October 29.

Price Volume Breakout: Asahi India Glass, Bliss GVS Pharma, V-Guard industries, Chambal Fertilisers, Aegis Logistics, Finolex Cables, SKF India, Prism Johnson, Minda Corp, Indusind Bank, Grindwell Norton, India Cements and Sundaram Clayton are some of the stocks that displayed a price volume breakout on Thursday. These outperforming stocks will be in focus on Friday.

52-Week High Stocks: The shares of ABB India, United Spirits and Blue Dart were seen making a fresh 52-week high on Thursday. These outperforming stocks will be in focus on Friday.

Bullish Moving Average Crossover: Hikal, Birla Corp and Timken India are some of the trending stocks that displayed a Bullish Moving Average Crossover on October 27 and have continued their outperformance in the Thursday trading session. These high momentum stocks could be in focus on Friday, October 29.

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