Tuesday At Market: Gail India, IREDA, NHPC, Shine; Country Club, Eicher Motors Lead Weekly Gains

The week opened on a great note for the Indian stock market and BJP’s glorious victory showered its impact. Monday saw the market in a strong momentum and the NSE Nifty was up 418. 90 points to close at 20,686.

80, while the BSE Sensex too gained 1,383. 93 points and closed at 68,865. 12.

While experts still feel that it is yet to see whether the momentum continues, the year seems to be ending on a good note. Bullish Momentum In These Stocks As per the momentum indicator MACD, there are some stocks which are showing bullish signs for the market today. These include Gail India, IREDA, NHPC and Power Grid Corporation of India.

Gail India is trading at Rs 141. 85 following a jump of 4. 26 per cent.

IREDA has been showing a bullish trend and gained 3. 11 per cent, trading at Rs 64. 70.

NHPC has gained 1. 95 per cent and is available at Rs 57. 50, and Power Grid Corporation of India is up by 1.

33 per cent and is trading at Rs 213. Top Gainers Of The Week That Closed On A High Note Here are some of the top gainers during Friday’s trading session that closed the week on a happy note. These included Country Club Hospitality & Holidays, Inox Wind, Adani Green Energy and Eicher Motors.

Country Club Hospitality & Holidays saw a gain of 20 per cent and is trading at Rs 11. 70. In the last five days, it has gained 17 per cent.

Inox Wind was up by 16. 71 per cent and is available at Rs 336. In the last one month it has jumped by 40.

88 per cent. Adani Green Energy gained 9. 50 per cent, trading at Rs 1,124.

In the last five days, it has gained 12. 18 per cent. Eicher Motors jumped 7.

45 per cent and is trading at Rs 4,181. The 52-week high for this stock is Rs 4,200. Gold And Silver Prices For The Day 22k gold is priced at Rs 58,850 per 10 grams 24k gold is priced at Rs 64,200 per 10 grams Silver is priced at Rs 80,500 per kilogram.

Market Experts’ Insights Prashanth Tapse, Senior VP (Research), Mehta Equities The pivotal question for Nifty bulls is whether yesterday’s strong momentum can endure on Dalal Street throughout December. Despite concerns over the Israel-Hamas conflict and Chairman Powell’s cautious stance on potential rate cuts, the BJP’s decisive victories in state elections maintain a bullish outlook. Positive catalysts, including renewed FIIs optimism, a rise in GST collections, declining US inflation, and expectations of the Federal Reserve’s cautious approach, contribute to investor confidence.

The upcoming RBI MPC meeting adds economic significance, with expectations for unchanged benchmark interest rates. Trade recommendations for Nifty and Bank Nifty are provided, along with a bullish outlook on specific stocks like BEL, MANAPPURAM FINANCE, PI INDUSTRIES, TATA CONSUMER, NTPC, and PNB. Additionally, a highlighted stock for purchase is PI INDUSTRIES, emphasizing a momentum play strategy with specific entry, stop, and target points.

(All views expressed by experts are personal. Investments are subject to market risks and this article suggests you to invest wisely).