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Trade Spotlight | What should you do with HFCL, Indo Count Industries, Tanla Platforms and Texmo Pipes?

Here's what Karan Pai of GEPL Capital, recommends investors should do with these stocks when the market resumes trading today.

December 07, 2021 / 07:05 AM IST
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Karan Pai, CMT, Technical Analyst, GEPL Capital

The market stayed in the bear trap on December 6, despite positive global cues, with the benchmark indices declining 1.65 percent each under selling pressure across sectors.

The Nifty50 closed below the psychological 17,000 mark, falling 284 points to 16,912, while the BSE Sensex plunged 949 points to 56,747. The Nifty Midcap 100 and Smallcap 100 indices corrected 1.42 percent and 1.09 percent.

Stocks that were in focus include HFCL, which was locked in the 10 percent upper circuit at Rs 78.30, and Indo Count Industries, which surged 9.91 percent to Rs 266.20.