Stocks to Watch: ITI Ltd, Tata Elxsi Among Picks Showing Uptrend

After four days of decline, domestic equity markets closed on a positive note on Friday, driven by gains in global markets and increased buying by foreign investors.

The BSE Sensex rose 447.55 points (0.53%) to settle at 84,929.36, while the NSE Nifty 50 gained 150.85 points (0.58%) to close at 25,966.40. During intraday trading, Sensex touched a high of 85,067.50 points, reflecting strong bullish sentiment. On a weekly basis, however, Sensex and Nifty recorded losses of 338.3 points (0.39%) and 80.55 points (0.30%) respectively.

Sector Highlights and Key Movers

Among Sensex constituents, Bharat Electronics, Power Grid, Tata Motors Passenger Vehicles, Asian Paints, Reliance Industries, and Bajaj Finserv were the top gainers. Conversely, shares of HCL Technologies, Kotak Mahindra Bank, ICICI Bank, and Sun Pharma faced selling pressure.

Stocks Showing Strong Buying Momentum

Investors are showing increased interest in Ola Electric Mobility, Advent Hotels International, Tata Elxsi, Authum Investment & Infrastructure, ITI Ltd, Motherson Sumi Wiring India, and Ather Energy. These stocks have breached their 52-week highs, signaling potential uptrends.

Stocks Showing Signs of Weakness

Technical indicators such as MACD suggest a bearish trend in Aditya Birla Lifestyle Brands, Blue Star, Five-Star Business Finance, Siemens Energy India, Kirloskar Oil Engines, Aditya Birla Sun Life AMC, and Nippon Life India Asset Management, indicating that these shares may experience downward pressure.

Disclaimer: The stock suggestions mentioned above reflect the analysis of individual analysts or brokerage firms, not NBT. Investors are advised to consult certified financial advisors before making any investment decisions, as market conditions can change rapidly.