Stocks that were in focus included names like Ircon, which rose 1.24%, Delta Corp, which fell 17%, and Union Bank, whose shares jumped 1.89% on Monday.
It is unclear how much Kacholia held prior to the stake sale in Delta Corp. It will most likely be below 1%. The stake sale comes after the casino operator received a notice from the government for a tax liability.
Going ahead, if the counter fails to exhibit a smart rebound, the price action may dwindle towards Rs 2,288, its 200-SMA. Immediate hurdle comes to Rs 2,477(50 SMA), which must be leaped over to reclaim the losing bias.
Stocks that were in focus included names like HAL, which rose 0.99%, Indian Overseas Bank, which gained 14.30%, and Raymond, whose shares declined 4.94% on Monday.