Daily stock market roundup

NIFTY ignites the reclaiming process amid strong Global cues. The 50-share NSE index NIFTY rose 0.87% to settle at 10582.60 on Monday.  The Indian benchmark index NIFTY rose for a second straight session on Monday in the process of trimming its biggest monthly loss in 15 months.  The domestic investors are braced for an event-packed week headlined by GDP growth data for the October-December quarter and the release of Industrial Production (IIP) numbers by Central Statistics Office (CSO). This week direction is supposed to dictate by the release of key domestic macroeconomic data, global market volatility and movement of foreign funds.

Looking overseas, European markets trading higher in line with Asian markets which finished broadly higher on Monday.  The worldwide investors are in a cautious mood on Monday ahead of U.S. inflation data and the first House testimony by the new head of the U.S. Federal Reserve.

Seven out of eleven sector gauges compiled by the NSE ended higher led by NIFTY REALTY, NIFTY AUTO, NIFTY MEDIA and NIFTY PVT BANK as top gainers. On the other side, NIFTY IT, NIFTY PSU BANK and NIFTY PHARMA are top losers.

From the NIFTY 50 basket of shares, MARUTI, TATAMOTORS, LT, INDUSINDBK, UPL and ZEEL outperformed as top gainers while SUNPHARMA, TCS, TECHM, INFY and ITC are the top losers.

Top stocks to watch on Tuesday 27 Feb

INDIGO: This stock surged by 4.12% and ended at Rs.1337.95 with 185% increased trading volume on Monday. Derivative traders were aggressive in adding long positions and the open interest gained by 27.97%. This stock is trading above the recent resistance zone and the short term support zone is around Rs.1145.

RECLTD: This stock surged by 4.42% and ended at Rs.146.50 at last trading session. This stock trading volume inflated 1.5 times with 52% of the trades is taken for delivery. This stock is trading inside the trading range and the Support is seen around Rs.136 and resistance is seen around Rs.160.

MARUTI: This stock surged by 3.52% and ended at Rs.9005.35 at last trading session. This stock trading volume inflated 65% with 51% of the trades is taken for delivery. This stock is trading inside the trading range and the Support is seen around Rs.8610 and resistance is seen around Rs.9996.

TATAMOTORS: This stock surged by 3.29% and ended at Rs.372.05 at last trading session. This stock trading volume inflated 47% with majority of intraday trades. This stock is trading inside the trading range and the Support is seen around Rs.357 and resistance is seen around Rs.443.

DRREDDY: This stock surged by 1.23% and ended at Rs.2193.80 at last trading session. This stock trading volume inflated 43% with majority of intraday trades. This stock is trading inside the trading range and the Support is seen around Rs.2015 and resistance is seen around Rs.2623.

MARICO: This stock is one of the most traded stocks at last trading session. This stock trading volume inflated 3.5 times with 80% of the trdes is deliverables. This stock is trading inside the trading range and the Support is seen around Rs.283 and resistance is seen around Rs.328.

WIPRO: This stock fell by 1.15% and finished at Rs.291.60 at last trading session. This stock trading volume inflated 34% with 79% of the trades are taken for delivery. This stock is trading around the lower range of its price band and the crucial support zone is around Rs.279.

​PIDILITIND: This stock fell by 1.02% and finished at Rs.891.50 at last trading session. . Derivative traders were aggressive in adding short positions and the open interest gained by 28.32%. . This stock is trading around the lower range of its price band and the crucial support zone is around Rs.845.