Street signs: Fuel-sensitive stocks, Paytm's Rs 18,300-crore IPO, and more

Fuel-sensitive stocks in focus

Shares of auto and logistics companies are expected to extend gains on account of the cut in diesel and petrol prices. Most companies in the space were seen rallying during the ceremonial one-hour-long trading session on Thursday. “Auto stocks have underperformed this year. Many are hoping that the shares will do well going ahead due to the relatively attractive valuations. The fuel price cut could act as a tailwind,” said an analyst.

Mega float may weigh on liquidity 

Digital payment major Paytm’s Rs 18,300-crore IPO could impact secondary market liquidity, said some experts. The company’s IPO, largest-ever in the