KEY HIGHLIGHTS
- Crude At 3-Month High.
- New Age Tech Stocks Under Pressure.
- Reopen Trade Stocks Face Losses.
1 – CRUDE STOCKS BUZZING
2 – NEW AGE TECH STOCKS IN FOCUS
Related News
Speaking of the re-open trade, PVR and INOX both are down in today’s trading session. A second day of losses for both the stocks, due to a sharp spike in COVID-19 cases across India. Hotel stocks focus on the back of COVID-19 cases as well.
Technical analysts are suggesting to buy hotel stocks on declines on the back of rising COVID-19 cases. Lemon Tree Hotels has slowly started to decline. There has not been a big re-rating from the pre-COVID era to now. Things have started improving for the hotel stocks.
5 – DIAGNOSTIC STOCKS
6 – AUTO STOCKS UNDER PRESSURE
Commentary coming in from the Federation of Automobile Dealers Associations of India on the vehicle registration for May states that autos have still not fully recovered from COVID jitters. The pressure on 2-wheelers continues.
7 – SUGAR STOCKS GAIN
Read More: Markets fatafat: Stocks that are making the news today