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Stocks that were in focus include names like Hero MotoCorp, which was down 3.24%, Power Grid which fell 5.17%, and IDBI Bank, whose shares gained 8.5% on Tuesday.
Stocks that were in focus include names like Nazara Tech, which rose 4.66%, Ujjivan SFB, which gained 8.92%, and SBI Card, whose shares fell 0.14% on Monday.
Stocks that were in focus include names like Tata Steel, which rose 3.12%, TVS Motor, which gained 5.86%, and DCM Shriram, whose shares fell 6.38% on Tuesday.
The banking major is trading in an ascending triangle pattern and nearing the breakout zone of the said pattern. The positive momentum is intact in the stock with parameters like MACD & Relative strength supportive of further up move.
Equity benchmarks ended the last week with a bearish trend in global equities and concerns over rate hikes by central banks, causing the 30-share BSE Sensex to fall 259 points to settle at 62,979, while Nifty was also down 105 points at 18,665. IndusInd Bank rose by 2.88%, and Hindalco was down 3% while APL Apollo Tubes shares declined 3.45%. Investors could consider short-term selling pressure if IndusInd Banks stock price dips below Rs.1,250; Hindalco has to overcome its 200-DMA at Rs.430 to gain significant strength, while on BPCL a resistance area of Rs.370-380 needs to be overcome.