There is an atmosphere of expiry in the stock market on the last Thursday of the month. On this day Nifty opened at a gain of 111 points. During the day’s trading, Nifty remained in a range and kept climbing between 17016 and 17117 points. Finally Nifty was successful in closing at 17072 points. The Nifty recorded a gain of 117 points or 0.69 per cent on Thursday. India VIX fell over 4.5 as Nifty traded in a range.
If we talk overall, then Thursday proved to be a good day for the stock market. Nifty Midcap gained 0.9% and Nifty Smallcap gained 1.2% on Thursday. Power Grid Corporation and Indian Oil Corporation mainly contributed to the rise of Nifty.
Shares of companies like Divi’s Labs and JSW Steel kept trying to drag Nifty down. In a mixed trade in the stock market, some stocks tried to support the market by making a spectacular recovery from their low levels.
Due to the excellent recovery of these stocks, there are indications that all these shares are in the buying zone and they can register a good rally on Friday.
These are the stocks that recovered from the low levels in day trading
- ADANIGREEN
- GESHIP
- HINDUNILVR
- INDIAC
- LUPIN
- TATAMTRDVR
Also read: If you are planning to buy Hero’s bike, then hurry up, know when it is going to be expensive
What is Card Tokenisation: New rule of ATM card, know what is tokenization and how it works
For more such content, subscribe to Dalal Street Investment Journal, India’s #1 equity research and investment magazine.
Disclaimer: This content is created by Dalal Street Investment Journal and Times Internet Limited (TIL) does not take any responsibility of any promise or claim. Please take all necessary steps to ensure that the content is correct, updated and verified.
.