Gandhar Oil Refinery shares surged on heavy volumes, amid heightened investor interest possibly linked to USVenezuela geopolitical tensions. Trading activity spiked sharply, with over 21 lakh shares exchanged versus a two-week average of 20,000, reflecting strong momentum in the stock.
Nifty extended its bullish momentum by closing at a fresh record high, supported by a strong technical structure and positive momentum indicators. Analysts highlight sustained buying interest, favourable derivatives signals and a continued uptrend across timeframes, suggesting a buy-on-dips strategy remains suitable in the near to medium term.
Waaree Energies shares dropped amid heavy selling, with volumes sharply above the recent average. The decline comes days after the stocks inclusion in the NSEs F&O segment from the January series, which appears to have triggered increased trading activity and volatility.
Despite geopolitical shifts, equity market fundamentals remain strong, with technology and AI continuing to attract investor interest. Matt Orton of Raymond James advises focusing on growth, earnings expansion, and margin improvement, highlighting cyclical sectors like financials, industrials, and defense as key opportunities globally.
Defence stocks witnessed a sharp uptick on Monday after the US launched a major military operation in Venezuela over the weekend, heightening geopolitical tensions. Investor interest rose across HAL, BEL, BDL, Solar Industries, and MTAR as markets priced in expectations of higher global defence spending.
IDBI Bank shares slipped despite a strong December-quarter update. The bank reported a 12% year-on-year rise in total business to Rs 5.46 lakh crore, supported by healthy growth in deposits and credit.
