Stocks to watch: HAL, MakeMyTrip, ONGC, Zen Tech, Bank of India, BEL shares in focus
The Indian share market is expected to see a gap-down opening on Monday, tracking negative cues from Asian stocks and a weak trend in GIFT Nifty futures amid heighted tensions in the Middle East after U.S. air strikes on Iran’s nuclear facilities. At 7:35 a.m., the GIFT Nifty futures were trading 123 points lower at 25,005, indicating a gap-down start for the benchmark indices, the BSE Sensex and the NSE Nifty50.
Here are top stocks that will be in focus in today’s trade:
Oil stocks: Shares of oil marketing companies will be in focus amid concerns that escalated tensions in the Middle East would disrupt the flow of oil. Union Petroleum and Natural Gas Minister Hardeep Singh Puri has assured citizens that oil companies have supplies of several weeks and continue to receive energy supplies from several routes.
IT stocks: IT heavyweights such as TCS, Infosys, Wipro, HCLTech, and others will be in focus after global software services and consultancy firm Accenture announced its results on Friday.
Hindustan Aeronautics:
The state-owned defence company has secured the SSVL technology from Isro after placing a winning bid worth ₹511 crore.