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How have these stocks performed in past trading sessions?
Market indices have been up and running for the last couple of days. Both the Sensex and Nifty have been up 10% in the last 8 trading sessions and so have been the case with the metal, capital goods and auto indices.
Market indices have been up and running for the last couple of days. Both the Sensex and Nifty have been up 10% in the last 8 trading sessions and so have been the case with the metal, capital goods and auto indices. Metal stocks are up and running with SAIL gaining about 20% and Tata Steel gaining about 26%. The reason is the increase in steel prices coupled with the increase in iron ore prices by a dollar everyday; they are up 15-20% over the last one month.
There has also been an increase in freight prices and market expects the steel prices to jump further anywhere between USD 20-50 in the next few months. The midcap stock, which is in focus, is JSW Steel , which is up 19% but still off its 52 week high by about 17%. The sector of the season, capital goods are still in the limelight with the stocks increasing all the way and touching new highs. Midcap stocks, which can be in action, are Alstom , Punj Lloyd that saw an increase by more than 10% but off their 52 week high by almost 20%.
Auto stocks which have been lying low for a while and have seen some action in last couple of days and have increased anywhere between 10-15% are Tata Motors , M&M leading the rally, though they are off 30% from their 52 week high. The other midcap stocks, which can be in action, are Todays Writing , Rallis India and Escorts , which are up 20-25% but still off their 52 week highs.
Market indices have been up and running for the last couple of days. Both the 
