10 Stocks to Watch in a Volatile Market
- Markets inch up, but overall sentiment remains cautious as mid- and small-cap stocks continue to face selling pressure.
- Stock-specific triggers dominate today’s trade, with corporate actions, deals, and orders driving movement.
- Volatility likely to persist, keeping investor focus on news-driven opportunities rather than index direction.
The Indian stock market showed early signs of recovery on Thursday, December 4, after four straight sessions of losses. Both benchmark indices ended marginally higher, offering some relief to investors. The Sensex gained 159 points, or 0.19%, to close at 85,265.32, while the Nifty 50 rose 48 points, or 0.18%, to settle at 26,033.75.
However, the recovery was not broad-based. Mid- and small-cap stocks remained under pressure. The BSE Midcap index slipped 0.19%, while the Smallcap index fell 0.32%, reflecting continued caution among investors outside large-cap stocks.
Market expert Ajit Mishra, SVP – Research at Religare Broking Ltd, said the session remained volatile throughout the day. While the Nifty moved higher in early trade, profit-booking in heavyweight stocks reduced gains as trading progressed. Sector-wise, IT stocks held firm, supported by buying in FMCG and real estate shares. On the other hand, energy and banking stocks closed slightly lower, keeping overall sentiment mixed.
Meanwhile, several stocks are likely to remain in focus today due to company-specific developments.
Hindustan Unilever (HUL) will attract attention as its long-awaited ice cream business demerger reaches the final stage. December 5 has been fixed as the record date to determine eligible shareholders who will receive shares of the new entity, Kwality Wall’s (India).
HCL Technologies may see action after announcing a partnership with Strategy& to strengthen large-scale data analytics through AI-powered solutions.
IndiGo is also likely to be watched closely after reports that the DGCA may grant partial relief from new pilot duty rules, following widespread flight cancellations in recent days.
ITC Hotels came into focus after British American Tobacco (BAT) said it plans to sell between 7% and 15.3% of its stake in the company.
Tata Power informed that its Mundra facility has been temporarily shut and is expected to restart operations by December 31.
Aditya Birla Sun Life AMC announced the launch of a new wholly-owned subsidiary in GIFT City, strengthening its international operations.
RailTel has received an order worth Rs 63.92 crore from CPWD for setting up ICT infrastructure, with project completion scheduled for May 2031.
Among other updates, Deepak Nitrite has started production at its new nitric acid plant in Gujarat, while Zen Technologies received defence orders worth Rs 120 crore. Diamond Power Infrastructure secured a Rs 748-crore contract from Adani Green Energy to supply solar cables.
With markets still volatile, investors are expected to track both global cues and company updates closely in today’s session.
