Multibagger Stock: The benchmark index closed in the green for the third consecutive session with the Nifty 50 up 0.28 per cent and the Sensex 0.13 per cent higher. Nifty touched the level of 18000 for the first time and on Monday the Sensex closed above 60,000. The market moved decently in the first half, but it wiped out most of its early gains after the TCS results and IT stocks were heavily sold. Rising commodity prices and the upcoming earnings season will force investors to trade cautiously. We are telling you which stocks you have to keep an eye on on October 12 (Tuesday):-
IT Stocks: BSE IT was the weakest performing sectoral index in Monday’s trading session. The index has declined by 2.87 percent. Despite underperforming the benchmark index, shares of Majesco, Xplo Solutions, Trigin Technologies and Eclerx outperformed the index with gains of up to 5.31 per cent. IT stocks are likely to be the focus on Tuesday.
52-week high stocks: On Monday, the shares of IndusInd Bank, Reliance Industries and SBI made a new 52-week high. Keep an eye on these stocks on Tuesday.
Bullish Moving Average Crossover: Bharat Forge, eClerx Services, Intellect Design and Thermax are some of the trending stocks which witnessed a Bullish Moving Average crossover on Monday. These stocks will be in focus on Tuesday.
Bullish Stochastic Crossover: Indian Energy Exchange, BSE, Team Lease Services and Sterling Wilson Solar witnessed bullish stochastic crossovers on Monday. These trending stocks can be viewed from a bullish perspective by the market participants on Tuesday.
Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)
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