Stocks to Watch: Global Health, Anant Raj Among Shares Showing Profit Potential; Signs of Uptrend Emerge

Stock Market Overview:
Dalal Street witnessed a sharp decline on Sunday, with both key indices closing lower. The 30-share BSE Sensex fell 1,546.84 points to 80,722.94, while the NSE Nifty dropped 495.20 points to close at 24,825.45.

The domestic market was hit after the Union Budget announcement, which included an increase in Securities Transaction Tax (STT) on futures and options (F&O) trades. Investors reacted negatively to this move, leading to a significant sell-off. During intraday trading, the Sensex slipped below the crucial 80,000 level to 79,899.42 before recovering slightly, closing with a loss of 1.88%. The Nifty also hit a low of 24,571.75, down nearly 2.95% intraday, and settled with a 1.96% decline.

Among Sensex constituents, State Bank of India (SBI) saw the steepest fall of 5.61%, followed by Adani Ports at 5.53%. Other major losers included Bharat Electronics, ITC, Tata Steel, UltraTech Cement, and Reliance Industries. On the upside, shares of Tata Consultancy Services (TCS), Infosys, Sun Pharma, and Titan managed to close higher.

Shares Showing Buying Interest:
Investors are showing strong buying interest in Global Health, Anant Raj, Netweb Technologies, Amber Enterprises, Vardhman Textiles, Action Construction Equipment, and IFCI. These stocks have surpassed their 52-week highs, indicating potential upward momentum.

Stocks Showing Bearish Signals:
On the other hand, MACD (Moving Average Convergence Divergence) indicators suggest bearish trends in Hindustan Copper, MCX India, IIFL Finance, Bharat Dynamics, Hindustan Zinc, Angel One, and Muthoot Finance, signaling the start of a potential downtrend in these shares.