Markets are likely to fall on Monday morning, after US markets saw deep cuts on Friday, following worries of interest rate hikes in the US, as early as Sept. Here are 6 stocks you should keep a watch on Monday morning.
Infratel has seen a bearish trend and the stock is now near a 1-month low. The stock last ended at Rs 351, with the support for the stock coming near the Rs 336 levels.
Yes Bank saw a surge in volumes on Friday, as investors dumped the stock, which fell 6 per cent, after its QIP was cancelled. Would be interesting to see how the stock moves on Monday.
Yes Bank shares last closed at Rs 1277.
Tata Steel will report its results on Monday. Markets are not expecting a solid set of numbers. However, the stock maybe volatile ahead of its results. Shares of Tata Steel last closed at Rs 394.
HDIL, a leading Mumbai based real estate player, may also be volatile, following its results. It is a high beta stock, which anyway exhibits high level of volatility.
The stock last closed trade at Rs 99.85.
Shares in Tata Consultancy Services, which was volatile after stating that quarterly revenues could see a dip, is another stock that could see volatile trade. The stock ended trade at Rs 2350 on the NSE and would be closely watched.
Results could determine movement
Reliance Power, is another stock that will be in action ahead of its results on Monday.