On a day that sent shockwaves through the Indian stock market, several companies, including Tecil Chemicals & Hydro Power, Securekloud Tech, Cupid, Last Mile Enterprise, and LS Industries, saw their shares rise dramatically—by as much as 20%. This uptick occurred despite the chaos triggered by recent trade tensions, particularly the reciprocal tariffs imposed by the United States on major trading partners like China and India.

Market Reaction to Global Trade Tensions

The Indian stock market faced a tumultuous Monday, often dubbed Black Monday, as the Nifty 50 index plummeted by over 1,100 points, while the Sensex experienced a steep decline of more than 5%, starting at 71,449.94. All sectoral indices fell, with the metal and IT sectors being the hardest hit. The uncertainty surrounding trade tariffs is expected to keep market volatility high for the foreseeable future.

Tecil Chemicals: A Standout Performer

Tecil Chemicals’ shares soared by an impressive 20% during Monday’s trading session, reaching an intraday high of ₹30.18 before settling at ₹24 on the BSE. Over the past year, the stock has outshone its sector, climbing 44.4% and outperforming by 42.06%. According to Rajesh Bhosale, an Equity Technical and Derivative Analyst at Angel One, this low-volume stock has hit its upper circuit limit, indicating a potential future resistance level at ₹39, with support around its 200-day simple moving average (200dsma) at ₹25.

Securekloud Tech: Gaining Traction

Shares of Securekloud Tech experienced a nearly 10% jump, reaching an intraday peak of ₹22.86 and a low of ₹19.34. Despite underperforming its sector by 42.45% over the past year, Bhosale noted that after an initial dip, the stock gained momentum and could potentially rise to ₹26 in the near future, supported by a bullish gap around ₹19.

Cupid: Signs of Recovery

Cupid’s stock also rose approximately 10% during the session, hitting a high of ₹64.58 and dipping to ₹50. After a significant correction of 60% over the past year, the stock is now showing signs of recovery, with trading volumes more than tripling the 50-day average. Anshul Jain, Head of Research at Lakshmishree Investment and Securities, suggested that the stock is undergoing a "dead cat bounce," with immediate resistance at the 50-day EMA around ₹67. Sustaining momentum above this level could lead to targets of ₹72 and ₹80.

Conclusion: Navigating Market Volatility

The recent fluctuations in the Indian stock market highlight the ongoing challenges posed by global trade dynamics. While some stocks like Tecil Chemicals, Securekloud Tech, and Cupid are showing resilience, investors should remain cautious. Keeping a close eye on price-volume behavior will be crucial for making informed trading decisions in the coming days. For more insights on market trends, check out our related articles on stock market strategies and investment tips.