Market update: As Sensex, Nifty begin volatile trading session, here are some stocks to watch for

Sensex and Nifty incurred losses of 0.72 per cent and 0.79 per cent respectively to settle the day at 17,617.15 and 59,037.18 on Friday

FP Trending January 24, 2022 12:05:51 IST
Market update: As Sensex, Nifty begin volatile trading session, here are some stocks to watch for

Representational image. Reuters.

With last week’s losses still fresh, NSE Nifty 50 and BSE Sensex entered the new trading session on Monday, 24 January, with a negative outlook. While Sensex fell by 1.06 per cent to 58,413.71, Nifty slipped 1.23 per cent to 17,401.30 by 11:07 am this morning.

According to a Financial Express report, weak global cues and selling by foreign investors are likely to strengthen the bears on Dalal Street today as well. On Friday, 22 January, Sensex and Nifty incurred losses of 0.72 per cent and 0.79 per cent respectively to settle the day at 17,617.15 and 59,037.18.

Amid the volatility of the market, here are some stocks you can watch out for on Monday:

ONGC: The overseas arm of Oil and Natural Gas Corporation, ONGC Videsh, has announced that a 2019 discovery of a gas field in deep sea block in Brazil is ‘commercially viable’, according to Financial Express. The company has entered the development stage to start production at the deep sea block.

Reliance Industries Limited: The company posted a positive quarterly earnings performance with strong growth in all verticals. According to reports, net profit rose to Rs 18,549 crore, indicating a rise of 41.5 per cent on-year basis.

Yes Bank: In the October-December quarter, the net profit of the bank rose to Rs 266 crore, indicating a gain of 77 per cent on-year basis.

ICICI Bank: According to reports, Gross Non-Performing Assets of the private lender were down 25 basis points during the October-December quarter. The standalone net profit of ICICI Bank rose to Rs 6,193 crore, with a gain of 25.4 per cent, on-year basis

Vodafone Idea: The company’s net loss has widened in the October-December quarter to Rs 7,234 crore, due to higher operating expenses. The company’s Average Revenue Per User (APRU), however, has registered an increase from Rs 109 to Rs 115.

Tata Consultancy Services: The company is aiming for double-digit growth in the next few years from Canada as the country’s economy grows across sectors and digitisation is become more and more essential for businesses. According to TCS’ Country Head Soumen Roy, Canadian IT spends have registered a growth of 4-5 percent annually.

Read all the Latest News, Trending News, Cricket News, Bollywood News,
India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.

Updated Date:

also read

Market Roundup: Sensex falls 105 points, Nifty settles at 16,240; check top gainers and losers
Business

Market Roundup: Sensex falls 105 points, Nifty settles at 16,240; check top gainers and losers

On the sectoral front, metal, power, oil & gas, healthcare, IT and realty sector indices shed between 1 and 5 percent, while banking went gone up by 0.60 percent. Both BSE Midcap and Smallcap indices settled around 2 percent lower

Market Roundup: Sensex declines 276 points, Nifty falls below 16,200; check top winners and losers
Business

Market Roundup: Sensex declines 276 points, Nifty falls below 16,200; check top winners and losers

In terms of sectors, IT was the biggest loser, while realty was the top gainer. Indices were volatile ahead of the release of Consumer Price Index (CPI) and Index of Industrial Production (IIP) data later this week

Market Roundup: Sensex tanks 1,306 points, Nifty settles at 16,677; check top gainers and losers
Business

Market Roundup: Sensex tanks 1,306 points, Nifty settles at 16,677; check top gainers and losers

All sectors ended in negative, with consumer durables, realty and healthcare index falling over 3 percent. India VIX jumped 7.86 percent to 21.88 levels