Today’s market report highlights the positive start of the Nifty 50 index with a gap-up opening at 20,950.75, in line with the upward trend of the past seven trading sessions. However, a hammer candle formation and resistance at the daily peak indicate pressure from bearish market forces. Nonetheless, buying momentum eventually prevailed over selling pressure.
In sector performance, Nifty Healthcare and Nifty Bank faced downward pressure, while Nifty Media and Nifty IT showed strong gains. In the broader market, both Nifty Midcap 100 and Nifty Smallcap 100 reflected an overall positive sentiment, closing in the green.
SBC Exports, engages in garment trading and manufacturing, along with providing manpower supply and tour operator services. The board’s approval for the issuance of bonus shares in a 1:2 ratio makes this stock worth monitoring.
A prominent global FMCG company in the consumer food space, LT Foods proudly announced the recognition of its flagship brand, DAAWAT, as the ‘Top Brand’ in the latest dry rice ratings by Canstar Blue in Australia. Canstar Blue is a reputable consumer review and comparison website.
Specializing in the production of methylamines, ethylamine, speciality chemicals, and pharma excipients, Balaji Amines Ltd witnessed a significant surge in trading volume, surpassing its weekly average by over 54 times. Consider adding this stock to your watchlist.
Engaged in the manufacturing and sale of enzymes, the stock of Advanced Enzyme Technologies Ltd reached a new 52-week high of Rs 368 today, indicating strong buying interest. It’s advisable to closely monitor the performance of this stock.
Today, the stock of Asian Energy was locked in the upper circuit, signalling robust buying pressure. Asian Energy Services Ltd, operating in the oilfield service and reservoir imaging sector, specializes in geophysical services for land and well seismic activities, as well as operation and maintenance services for oilfields.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Dec 6, 2023, 6:23 PM IST
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
