Market Watch – Intraday volatility continued!

Intraday volatility continued as key benchmark indices recovered after trimming almost entire intraday gains in mid-morning trade as mostly higher Asian stocks supported domestic bourses. Capital goods Pivotal gained on renewed buying. State-run oil marketing companies (PSU OMCs) fell after announcing revision in fuel prices on Monday. A bout of volatility was witnessed in early trade as key benchmark indices slipped into the red after a firm opening triggered by higher Asian stocks. Key benchmark indices regained positive terrain in morning trade.

Cooper Tire & Rubber Company

Cooper Tire & Rubber Company (Photo credit: Wikipedia)

Who Moved and Why

  • HUL slips as Unilever sees slowdown in emerging markets.
  • Unichem Lab drops after two block deals.
  • Apollo Tyres declines after Cooper Tire shareholders approve sale.
  • PSU OMCs decline after petrol price cut.
  • Maruti Suzuki gains after good September sales.
  • Shipping stocks track lower freight rates.

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