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These 3 stocks closed above VWAP on March 20

Updated at : 2025-03-21 09:25:02

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A shift above the VWAP suggests a potential bullish trend, according to StockEdge.com s technical scan data.

Hero Motocorp shares: Euler Motors, operating in 30 cities across India, specializes in the design, manufacturing, sales, and servicing of electric three-wheelers. The company recently broadened its portfolio by launching its first electric commercial four-wheeler.

Sudip Bandyopadhyay of Inditrade Capital highlights the positive impact of auto price hikes on margins despite cost inflation, praises Bajaj Auto and Maruti, and advises caution with Ola Electric and Tata Motors. Opportunities in midcaps, defence electronics, cement, power, BFSI, and realty (including Phoenix, Oberoi Realty, and DLF) are noted.

Given the present uncertainty, we need to wait and watch on how the tariff situation evolves. However, it is likely that in the event of the imposition of the tariff, Indian companies may contemplate transferring all or part of these additional costs, as no other supplier can match the competitive pricing of Indian manufacturers.

Gold remains stable below its recent record high, driven by geopolitical uncertainty and signals of potential rate cuts by the Federal Reserve. Recent violence in Gaza and economic turbulence have also contributed to gold s rising appeal as a safe-haven asset.

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U.S. stocks closed slightly lower on Thursday amid volatile trading as investors weighed new economic data and the Federal Reserve s policy statement against ongoing tariff concerns. The Fed kept interest rates unchanged and signalled future cuts, while economic indicators hinted at a slowing economy and cooling consumer sentiment.

Oil prices have risen and are set for their second consecutive weekly gains following new U.S. sanctions on Iran and an OPEC+ plan to cut output. Brent crude and WTI prices have both increased, with Brent at $72.40 per barrel and WTI at $68.52 a barrel, spurred by tightening supply.

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Slowing U.S. growth and rising inflation from Trump s tariff policies could drag the global economy, prompting central banks like the Bank of England and Bank of Japan to maintain cautious stances. The Fed projects slower U.S. growth tied with higher inflation, highlighting global concerns of worsening economic conditions and increased uncertainty.

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The U.S. dollar strengthened against major currencies following a Federal Reserve decision to keep interest rates steady, signaling no rush to cut rates. The Australian and New Zealand dollars suffered losses due to concerns over economic impacts from Trump s aggressive trade tariffs.

Sensex and Nifty rallied over 1% for the fourth straight session on Thursday, driven by strong buying across sectors. GRSE rose, indicating bullish momentum, while KEI Industries declined due to competition. IndiGo showed a positive breakout with potential for further gains.

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