Market Pulse: Stocks in Focus– NBCC, Reliance Power, and Titan

On October 08, 2024, Indian equity indices started on a quiet note but were trading higher by 11 AM. The BSE Sensex increased by 295.85 points (0.37%) to reach 81,345.85, while the Nifty 50 rose by 99.75 points (0.4%) to hit 24,895.

Globally, stocks opened cautiously amid elevated oil prices due to tensions in the Middle East. The 10-year US Treasury yield remained above 4%, as strong US labour market data reduced expectations for Federal Reserve rate cuts. Tensions rose further as Hezbollah launched rockets into Israel, increasing fears of widespread conflict. Brent crude oil prices surged over $80 a barrel due to these concerns.

On the previous Friday, the Sensex and Nifty 50 both ended in the red, with the Sensex losing 638.45 points (0.78%) and the Nifty down 218.85 points (0.87%). Midcap and Smallcap stocks were particularly affected, with significant losses in those indices.

The fear index (India VIX) rose by 6.74% to 15.08, and most sectoral indices, except for the Nifty IT index, ended lower on Monday.

Stocks in Focus

• NBCC (India) Ltd

NBCC (India) Ltd share price opened at ₹115.15, touching the day’s low at ₹110.38. Over the last 5 days, the share price has decreased by 3.44%. In the past 6 months, it has recorded an increase of 27.81%, while over the last year, the shares have shown a positive return of 198.78%.

• Reliance Power Ltd

Reliance Power Ltd share price opened at ₹45.98, touching the day’s high at ₹45.98. Over the last 5 days, the share price has decreased by 10.00%. In the past 6 months, it has recorded an increase of 48.32%, while over the last year, the shares have shown a positive return of 157.59%.

• Titan Company Ltd

Titan Company Ltd share price opened at ₹3,589.25, touching the day’s high at ₹3,595.00. Over the last 5 days, the share price has decreased by 7.14%. In the past 6 months, it has recorded a decline of 5.84%, while over the last year, the shares have shown a positive return of 8.03%.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.