What Are the Key Stocks To Watch Today as Global Volatility Persists and Sectoral Triggers Emerge?
Indian equity markets are expected to open on a mixed-to-cautious note as global risk-off sentiment continues for the third straight session. While Asian markets remain range-bound, elevated FII short positioning, a weak rupee, and uncertainty around global macro events are keeping traders defensive. At the same time, falling crude prices, order wins, regulatory developments, and sector-specific announcements are creating selective opportunities across stocks.
Global Market Snapshot and Risk Indicators
| Indicator | Latest Trend |
|---|---|
| GIFT Nifty | Flat, indicating muted opening |
| Asian Markets | Mixed, narrow range |
| FII Positioning | Index shorts at ~91%, highest in series |
| Rupee | Weakens past 91 per dollar |
| Brent Crude | Falls below $59/bbl, near multi-year lows |
Persistent global uncertainty, including the risk of yen carry trade unwinding and upcoming US inflation data, is keeping volatility elevated. In such an environment, sector rotation and stock-specific triggers are likely to dominate market action.
Stocks To Watch – Key Corporate and Sector Triggers
Energy, Power, and Renewables
Oil marketing companies such as IOCL, BPCL, and HPCL are in focus as Brent crude slips below $59 per barrel, which is supportive for refining and marketing margins. In the power and renewable space, multiple project announcements and capacity additions are likely to keep stocks active.
- NLC India signs a power purchase agreement with SJVN for a 200 MW wind power project.
- ACME Solar commissions an additional 8 MW of wind power capacity.
- Vikram Solar approves a large capex plan of ₹4,371 crore for battery pack and cell manufacturing.
- Government notifies a ₹7,280 crore scheme for rare earth magnets, benefiting GMDC, NMDC, and EV-linked stocks.
Infrastructure, Railways, and EPC
Order wins continue to provide visibility to EPC and infrastructure companies, supporting medium-term revenue confidence.
- RVNL receives a letter of award worth ₹165 crore from North Eastern Railway.
- Ahluwalia Contracts bags an order worth ₹888 crore from Bihar State Tourism Development Corporation.
- NBCC secures orders worth ₹345 crore from IIT Mandi and Kandla SEZ.
- RailTel gets a letter of award worth ₹27 crore, with reports also indicating potential collaboration with Starlink.
IT and Technology
IT stocks remain in focus as the rupee weakens beyond 91 per dollar, improving export realization visibility.
- TCS bags a 10-year deal with Telefónica worth over $1 billion, although the company clarified that some reports were speculative.
- Kaynes Technology reports strong momentum, with November premium up 47% and market share rising 18 bps year-on-year during April–November.
- Eclerx revises its buyback price range from ₹4,500 to ₹4,800 per share for a ₹300 crore program.
Metals, Commodities, and Allied Themes
Silver prices surged sharply overnight, hitting record highs, which has implications for select metal producers and related plays.
- Hindustan Zinc remains in focus as silver prices rise over 3.5% to record levels.
- OMCs benefit from falling crude, while broader commodity volatility remains high.
Pharma, Media, and Financials
Regulatory and strategic developments continue to drive stock-specific action across defensives and consumption-linked sectors.
- Lupin receives an Establishment Inspection Report from the US FDA for its Nagpur injectable unit.
- Glenmark Pharma signs an exclusive license and distribution agreement for a lung cancer drug.
- Saregama plans to eventually acquire a 51% stake in Bhansali Productions by 2030.
- Insurance stocks remain active as the Insurance Laws Amendment Bill 2025 is passed by the Lok Sabha.
- Shriram Finance schedules a board meeting on December 19 to consider fund-raising options.
For traders seeking structured intraday and positional market strategies during volatile phases, disciplined setups matter more than impulse trades.
Investor Takeaway
Derivative Pro & Nifty Expert Gulshan Khera, CFP®, believes that in high-volatility environments marked by heavy FII shorts and global macro uncertainty, investors should prioritize capital protection, sector selectivity, and disciplined execution. Falling crude, currency movement, and order inflows create tactical opportunities, but risk management remains paramount. More structured market insights and disciplined trading frameworks are available at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
