For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Movers And Shakers In Trade On July 3, 2020

|

Buoyed by positive global cues on the back of robust US jobs data which for the month of June recorded the highest ever jump in payrolls and domestic PMI data, markets continued their upward journey for the third straight day on Friday.

This is despite an increase in corona positive cases both locally as well as around the globe. And analyst hold that if lockdown measures are re-imposed or extended further given the record spike in cases, current gains in the domestic equity can reverse.

So, here is given below what happened in trade on Friday, July 3, 2020:

1. Motherson Sumi's stock dragged:
 

1. Motherson Sumi's stock dragged:

After the company's board gave approval for restructuring of the group business, the counter declined in price by as much as 9% to day's low of Rs. 94.2 per share on the NSE, but settled down in trade lower by 5.35% at Rs. 98.10. The company plans to demerge its wiring harness business into a new entity and merge Samvardhana Motherson International Limited (SAMIL) into itself.

2. Auto stocks continue to rev up:

2. Auto stocks continue to rev up:

Bogged down during the lockdown with sales almost at zero level, the auto industry is slowly but steadily picking up pace. And with recovery in sales reported on a month on month basis, auto stocks continue to gain. On Friday i.e. July 3, 2020 some of the stocks from the pack including the likes of Eicher Motors, TVS Motor, Bajaj Auto, Balkrishna Industries were up between 1-7%.

3. Inclusion of HDFC Life in Nifty 50 pushed the insurance company higher:
 

3. Inclusion of HDFC Life in Nifty 50 pushed the insurance company higher:

After NSE Indices, a subsidiary of NSE, decided to include HDFC Life in the Nifty 50 index and replace it with Vedanta which has got shareholder's nod for voluntary delisting from July 30, the stock of insurance company edged higher in traded to day's high price of Rs. 589.65 on the BSE and ended the session at Rs. 572.15, up 4.42%.

4. Stocks That Hit 52-Week High Price On July 3, 2020:

4. Stocks That Hit 52-Week High Price On July 3, 2020:

With gains of nearly 0.5% on both the indices and Nifty scaling to 10,600 levels and Sensex topping 36000 mark, as many as 132 stocks hit 52-week high during trade on July 3, 2020 on the BSE. Some of the prominent names among them include Alok Industries, Asahi Industries, Balaji Amines, Balkrishna Industries, Bayer Crop, Hathway Bhawani Cabletel, IDBI Bank, ITI, Reliance Power etc.

5. Stocks that gave 'buy' indications:

5. Stocks that gave 'buy' indications:

As stock prices moved above the signal line on the MACD indicator, 60 stocks gave 'buy' signals including the likes of Eros International, Reliance Industries, Philips Carbon, Tata Consumer Products, BEML, Escorts, Tech Mahindra etc.

6. Stocks that gave 'sell' Indications:

6. Stocks that gave 'sell' Indications:

On the contrary, as many as 125 stocks gave 'sell' signals as the price moved below the signal line on the MACD indicator. The list includes stocks such as IOB, PNB, Just Dial, Central Bank, Sun TV, Zee Leans, Future Consumer, among others.

"In spite of improving economic data, markets are still largely moving on hope rather than on any real change in ground realities. With intraday volatility increasing, investors are advised to remain cautious," said Vinod Nair, Head of Research at Geojit Financial Services.

GoodReturns.in

Read more about: stock markets
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more