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Nifty sheds 260 points, marking the fourth biggest fall in CY2023, and closed below the 100-SMA!

Nifty sheds 260 points, marking the fourth biggest fall in CY2023, and closed below the 100-SMA!

23 October 2023

Nifty50, the widely traded index in India, ended the day with a significant fall of 260 points or 1.35% from its Friday’s closing levels. The Nifty50 index opened the day at 19,522, which was down by 21 points compared to Friday’s closing level of 19,543. It reached intraday highs and lows of 19,557 and 19,258, …

Overnight Digest: Top 5 mid and small-cap stocks to watch out for January 4, 2024

Overnight Digest: Top 5 mid and small-cap stocks to watch out for January 4, 2024

3 January 2024

On Wednesday, the main stock market indicators ended the day in negative territory, with the Sensex dropping significantly by 0.73% to close at 71,368.97, and the Nifty also experiencing a notable decline of 0.68%, closing at 21,518.60. Top gainers in individual stocks included Bajaj Auto, Adani Enterprises, and IndusInd Bank, while Hindalco, JSW Steel, and …

These 3 stocks from BSE 500 jumped over 7% today, 4 January 2024

These 3 stocks from BSE 500 jumped over 7% today, 4 January 2024

4 January 2024

The benchmark index S&P BSE 500 opened today at 30,771.25 and made its day high at 30,857.90 and it is trading in green today, up by more than 0.70%                         From the same space, these are the top 3 companies that outperformed the benchmark index and were up by …

Biocon hits new heights: Unlocking the drivers behind the 52-week high

Biocon hits new heights: Unlocking the drivers behind the 52-week high

3 January 2024

In a noteworthy development, Biocon Ltd’s shares soared to a new 52-week high, reaching Rs 284.45 per share, accompanied by a substantial increase in trading volume by over 1.70 times. This article delves into the factors driving Biocon’s remarkable performance, exploring the anticipation of a strong Q3, the bullish momentum in the stock, and recent …

Top 3 breakout stocks trading below Rs 100

Top 3 breakout stocks trading below Rs 100

3 January 2024

These three equities gained significantly during Wednesday’s trading sessions, indicating strong bullish action. Here’s an in-depth look. Allcargo Terminals Ltd  Shares of Allcargo Terminals experienced a notable volume price breakout, coupled with a range breakout. Currently priced at Rs 63.90, the stock has witnessed a substantial surge in trading activity today. The breakthrough is particularly …

Shares of Adani Total Gas hit 10% upper circuit

Shares of Adani Total Gas hit 10% upper circuit

3 January 2024

During Wednesday’s trading session, the shares of Adani Total Gas Limited zoomed by 9.48%. Additionally, the stock hit a fresh 52-week high mark of Rs 1,100.65 apiece on BSE. The company’s current market capitalisation is Rs 1,20,874.63 crore. Recent development:  Adani Total Gas Limited (ATGL) and Shigan Quantum Technologies Limited (Shigan), a provider of alternative …

Breakout stocks of the day: Cipla and Glenmark Pharmaceuticals

Breakout stocks of the day: Cipla and Glenmark Pharmaceuticals

3 January 2024

Mahindra Cipla and Glenmark Pharmaceuticals are strong positive breakout prospects with price volume support. The stock price, which is currently trading at Rs 1,301 and Rs 898, has shown ascending triangle and rectangle chart pattern breakouts, respectively. The breakout is in sync with the RSI, ADX, and other technical analysis metrics. Cipla Ltd Daily chart …

GAIL join forces with ethanol leader to invest USD 72 million in India’s green future

GAIL join forces with ethanol leader to invest USD 72 million in India’s green future

3 January 2024

About joint venture  GAIL (India) Limited, the country’s leading natural gas company, and truAlt Bioenergy Limited, the largest producer of ethanol in India, have signed a Term Sheet for GAIL’s equity participation in TruAlt’s joint venture company Leafinti Bioenergy Limited which owns and operates India’s second Compressed Bio Gas (CBG) plant. TruAlt Bioenergy and GAIL …

Charting the course: A technical analysis of HFCL Ltd

Charting the course: A technical analysis of HFCL Ltd

4 January 2024

HFCL Ltd, an Indian manufacturer and marketer of telecom equipment and turnkey services, has recently demonstrated an exciting increase in its price movements and caught the interest of traders and investors worldwide. We observe strong positive signals in the current market attitude, providing a nuanced picture for the near future. Let’s weave our way through …

Mukul Agrawal’s Strategic Move: 6,00,000 Shares of Prakash Pipes Ltd Purchase

Mukul Agrawal’s Strategic Move: 6,00,000 Shares of Prakash Pipes Ltd Purchase

4 January 2024

Introduction: In the dynamic world of stock markets, Thursday witnessed an intriguing rally with the Nifty experiencing a pro-gap, trading near the day’s high, and boasting gains of nearly 0.58%. What caught the attention of investors was the broad-based participation across various sectors, led by Nifty Realty, which soared over 5%. Amidst this bullish scenario, …

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