Stocks that should be on your watchlist on Tuesday, December 7, 2021
- Sensex fell 949.32 points or 1.65% to 56,747.14 while the Nifty was down by 284.45 points or 1.65% to 16,912.25
- All 30 stocks declined on the sensex
- There was 1 stock advancing against 49 stocks declining on Nifty
Indian equity indices fell for the second consecutive day on Monday, falling more than 1%, as investors worried about the spread of the Omicron variant of Covid-19 and looked ahead to the RBI’s bi-monthly monetary policy meeting this week for directions.
Also Read| Trade Setup: Top 15 things to know before market opens on December 7, 2021
Sensex fell 949.32 points or 1.65% to 56,747.14 and the Nifty was down by 284.45 points or 1.65% to 16,912.25. The Sensex touched high and low of 57,781.46 and 56,687.62, respectively and all 30 stocks declined on the index while the Nifty traded in a range of 17,216.75 and 16,891.70 and there was 1 stock advancing against 49 stocks declining on the index.
The only stock in today’s top gainer list was UPL, which climbed half a percent. The top losers include Coal India, IndusInd Bank, Tata Consumer Products, and HCL Technologies
INDIAN BANK, KALPATPOWR, and SUVENPHARMA recovered from their lows. The shares of Poonawalla Fincorp, Brightcom Group, TTML, Goldstone Technology, Uni Info Telecom, and Jain Irrigation were locked in the upper circuit on Monday. The shares of HFCL gained by 10% on Monday while also locking in the upper circuit.
The shares of GSK Pharma, Vimta Labs, Kabra Extrusions, JBM Auto, MBL Infra, and Talbros Auto are some of the stocks that made fresh 52-week highs on Monday. The share of Indocount Industries and Trident were seen outperforming the markets on Monday when BSE Sensex tanked by nearly 1000 points.
The shares of Texmo Pipes and Products gave a multi-year breakout on Monday. The shares jumped higher by 10 percent with a spurt in volume. Buyers lock on a weak day for Texmo Tubes indicates the bullish bias in the counter.
The shares of Privy Specialty Chemicals gained by more than 11 percent on Monday. The share price of Privi Specialty Chemicals gained with a spurt in volume indicating strength in the price momentum. Privi Specialty Chemicals shares also managed to see a simple moving average crossover of 9D SMA over 20D SMA.
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