These stocks are likely to be in focus on November 9
5paisa Research Team
8th November 2021 - 04:21 pm
On Monday, the benchmark indices started the session with a gap down opening but ended on a positive note supported by the power, metal, oil & gas, IT and PSU banking stocks.
At close, the Sensex was up 477.99 points or 0.80% at 60,545.61, and the Nifty was up 151.70 points or 0.85% at 18,068.50.
On the sectoral front, apart from pharma and bank all other sectoral indices ended in the green with capital goods, PSU Bank, IT, metal, power, oil & gas and realty indices up by 1-2%. In the broader markets, the BSE midcap index rose 1.2% and BSE Smallcap index added 0.78%.
Watch out for these stocks in Tuesday’s trading session.
Larsen & Toubro - The construction arm of the company has secured orders for its businesses in India. The Metallurgical & Material Handling (MMH) business has been awarded an Engineering, Procurement & Construction (EPC) order for 12 MTPA Dry Circuit Systems on a turnkey basis. The Buildings & Factories business has secured a prestigious order from DRDO to construct their Flight Control System Facility at ADE, Bengaluru.
Kotak Mahindra Bank– Kotak Mahindra Bank announced a new home loan interest rate of 6.55% per annum, which is valid from November 9 to December 10, 2021. Earlier in September, the bank had commenced the festive season by introducing home loan interest rates beginning at 6.50% p.a. – a limited period festive season offer that ends on November 8, 2021. The stock has zoomed 3.35% in Monday's trading session and is likely to be in focus on Tuesday.
52-week high stocks – From the Sensex pack, the stocks of HDFC Bank, L&T and UltraTech Cement have been buzzing on Monday. They have made fresh 52-week highs in Monday's trading session with UltraTech Cement gaining up to 4.19%. Keep a watch on these stocks on Tuesday.
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Tanushree Jaiswal
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