Shares of air-conditioner makers jumped up to 5 per cent on Wednesday as a delayed monsoon and persistent heatwave boosted demand expectations.
The BSE Consumer Durables index fell more than 3 per cent in intraday today. Among the individual stocks, Amber Enterprises tanked 17 per cent to ₹7,047.65.
Stocks to watch today: Airtel, Tata Motors, Voltas, IRFC, DLF, Jio Financial Services, HAL, HUDCO, Oil India, among others, will remain in focus today.
Shares of jewellery companies like Titan and Kalyan Jewellers were dragging the overall index down after Prime Minister Narendra Modi's speech at a public event in Hyderabad over the weekend
Anand James, chief market strategist of Geojit expects up to 22 per cent upside in Tata Chemicals, Ramkrishna Forgings and Crompton Greaves Consumer Electricals.
Following the announcement, the Nifty Consumer Durables index surged 4.48 per cent to hit 35,678 levels during intraday trading on Wednesday
The buying on the counter came after the company released its Q3FY26 numbers on Friday, after market hours. Brokerages believe the company posted modest numbers
Analysts believe that demand for seasonal products within consumer discretionary is expected to be normalized in Q4 with inventory expected to normalize by January 2026.