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Stocks To Buy: 2 Trade Calls By Chandan Taparia of Motilal Oswal On Friday, 19 April
Sensex Ends 43 Points Lower After Trading In A Tight Range
It may not have been an attractive session for traders, as markets moved in a tight range for most of the day, with very little volatility.
Benchmark indices ended the day lower even as European markets fell, amidst terrorism concerns in Europe.
Housing Development Finance Corporation (HDFC), Hindustan Unilever and ONGC were the top gainers in trade. Notable losers from the Nifty were Maruti Suzuki, Larsen and Toubro and Sun Pharma.
Shares in Gammon India jumped a huge 20 per cent, after reports that lenders will initiate a debt restructuring exercise at the company. The stock was locked at the upper end of the circuit filter. Oil and gas stocks like Cairn India and ONGC were higher after Saudi Arabia pledged to cooperate to bring about price stability in the market.
Reliance Industries also gained ground on the Saudi move.
Mid cap stocks also saw some buying attention, with notable winners being Jubilant Foodworks and Just Dial.
Meanwhile, markets across Asia were trading with losses, following worries over terrorist strikes, following a clamp down in Belgium.
The German DAX, French CAC and the UK's FTSE were all lower in trade.
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