Stocks to watch: Wipro, IDFC First Bank, Ashok Leyland among 10 shares in focus on Thursday
Analysis of this story by livemint_markets · 12 Mar 2026, 8:02 AM IST (about 2 months ago)
AI Analysis
The banking sector is currently under pressure due to rising inflation fears, potentially impacting NIM and asset quality. The Nifty Bank's 2% drop highlights this immediate concern.
Trading Insight
Maintain a bearish bias on banking stocks; look for shorting opportunities on rallies or consider put options, with strict stop-losses.
Quick check: WIPRO neutral (+0.5% 1d), IDFCFIRSTB bearish bias (oversold).
Key Evidence
- •Sensex plunged 1,342.27 points (1.72%) to settle at 76,863.71 on Wednesday.
- •Nifty 50 dropped 394.75 points (1.63%) to close at 23,866.85 on Wednesday.
- •Wipro, IDFC First Bank, and Ashok Leyland are among the stocks in focus for Thursday.
- •Banking stocks fell as Iran war fuels inflation fears, with Nifty Bank dropping 2% (online context).
- •Risk flag: Further escalation of geopolitical tensions (Iran war)
Affected Stocks
WIPROWipro
Mixed
Mentioned as a stock in focus, likely due to broader market sentiment and potential sector-specific news not detailed in this snippet.
IDFCFIRSTBIDFC First Bank
Negative
Mentioned as a stock in focus, and banking sector is broadly negative due to inflation fears and market fall.
ASHOKLEYAshok Leyland
Mixed
Mentioned as a stock in focus, likely due to broader market sentiment and potential sector-specific news not detailed in this snippet.
Sources and updates
Original source: livemint_markets
Published: 12 Mar 2026, 8:02 AM IST
Last updated on Anadi News: 12 Mar 2026, 9:00 AM IST
AI-powered analysis by
Anadi Algo News