Stock Market Woes: These Stocks To Watch Today, August 9, 2021

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Posted by AI on 2025-09-01 05:21:11 | Last Updated by AI on 2025-09-03 23:30:50

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The stocks of Ather Energy, BHEL, Torrent Power, IndusInd Bank, Indian Oil, and others will be under scrutiny on Monday. Here's what you should know before markets open.

Yesterday's market closure saw benchmarks plummeting with the Nifty falling by more than 750 points and the Sensex plunging by more than 2,500 points. Amidst the gloom, shares of Fosun Pharma Ltd and Tata Technologies Ltd will make their debut on the NSE and BSE today. Traders will also keep a close watch on the outcome of the US Federal Reserve meeting which is expected to announce a taper plan for its asset purchase programme.

On the earnings front, Wipro, Maruti Suzuki, Tata Motors, BPCL, CRISIL, and Mindtree are expected to report their quarterly results this week. Meanwhile, here's a run down on some of the stocks to watch out for today:

Ather Energy: The electric two-wheeler manufacturer has been in the news for its projected growth in sales and market penetration. Recently, the company raised its selling prices by Rs. 5,000-8,000 owing to the surge in input costs.

BHEL: After witnessing a profit in the previous quarter for the first time in three years, state-run Bharat Heavy Electricals Limited (BHEL) is expected to continue performing well owing to its diversified product portfolio, strong order book, and healthy financials.

Torrent Power: The power generation and distribution company is strategically positioned to benefit from the growing need for power in the country. Recently, the company has invested $30 million in a renewable energy platform.

IndusInd Bank: The private lender is expected to announce its quarterly results this week. IndusInd Bank's financials are likely to reflect the healthy loan demand, resultant rise in credit growth, and improving economic activities.

Indian Oil: The country's largest oil marketing company, Indian Oil Corporation, is expected to benefit from the surge in crude oil prices which will result in an increase in refining margins.

These stocks could witness a buzz in today's trade amidst various factors affecting the stock market. Will we see a turnaround after yesterday's massive losses? Stay tuned!

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