It is a day for celebration for all those people, who have been predicting a market correction for the last 1 and a half year. The market opened below Friday's closing levels, it compensated for this loss but couldn't maintain that level and closed 1.07% below Friday's closing levels.
The bears were supported by the predictions of the possibility the Chinese giant Evergrande defaulting on its payments. This put a lot of selling pressure on the steel stocks in India.
Despite such gloomy scenario today, we still have more than 250 companies which gave more than 5% returns today. The spreadsheet above contains the list of all these companies.
STOCKS TO WATCH
Stocks to watch tomorrow are: Timken India, Tube Investment, Precision Camshafts, Ajanta Pharma and HLE Glascoat.
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