On Wednesday, National Fertilizers, Rashtriya Chemicals and Ferilizers, GSFC and Deepak Fertilizers soared 7-16% on the BSE. The Sensex ended almost unchanged over the previous day. The mid-cap index gained 0.2% and the small-cap index rose 0.45%.

Within the Fertilizer stocks we remain constructive on GSFC which the brokerage expects to outperform as it has generated a breakout above the falling supply line joining the highs of Apr22 (|198) and Aug22 (|171), signalling resumption of up move and offers fresh entry opportunity.

Finolex Cables has been forming higher tops and higher bottoms on the daily chart. It has registered fresh 6 months high with rising volumes.

Indoco Remedies has broken out from the consolidation with jump in volumes. It has also broken out from downward sloping trendline on the weekly charts.

Stocks in focus include names like Eicher Motors which hit a fresh 52-week high, GSFC which rose more than 14 per cent, and HDFC Bank which closed with gains of over 2 per cent on Friday.

Foreign portfolio investors' (FPIs) stake in National Aluminium increased from 13.30% to 16.71% between January and June, while in Hindustan Aeronautics, their stake rose from 3.15% to 5.56%. In Oil India, FPIs increase their stake from 10.11% to 12.42%. Similarly, these investors increased their stake in RCF, BEML, Chennai Petro, Engineers India, Shipping Corporation, Bharat Dynamics, and Mazagon Dock, among others.

"Urea-II plant was operating normally at 105 per cent with Titanium MOC lined high pressure Urea Reactor (XUR-101) in service. On 16th July 2022 night shift, the leakage in the bottom thermo well of Urea Reactor (XUR-101) was noticed. "The required actions of safe plant shut down were immediately taken," the regulatory filing said.

Stocks that were in focus on Tuesday included EID Parry, which rallied more than 17 per cent, GSFC which also rose more than 17 per cent, and MRPL which surged by 10 per cent.