Indian frontline indices ended with gains on Tuesday, breaking their three-session losing streak led by buying action in bank & financial and FMCG stocks.
From the Sensex pack, Power Grid, Kotak Bank, Tech Mahindra, and Bajaj Finserv were the top gainers, rising 1-2%. While Tata Motors, L&T, IndusInd Bank and TCS closed in the red. Among individual stocks, Ceat closed 4.5% higher after the company reported a consolidated net profit of Rs 208 crore in Q2 FY24, compared with Rs 7.83 crore a year earlier
Top stocks to watch: Dalmia Bharat, DMart, Texmaco Rail, CEAT, HDFC Bank, Jio Financial Services, Cyient DLM, Bank of Maharashtra, Mahindra & Mahindra and Federal Bank will be in focus on Monday (October 16).
The IPO mart, in the latter half of the year, has become a money-spinner for anyone who wants alpha, and can take a bit of risk. This is despite a downward trend in IPOs in the global market. Will the trend hold?