Page 17 - Market Trends
Speciality Restaurants surges 14%, nears 52-week high on fund raising plan
The company's board will meet on Wednesday, December 21, 2022, to consider and evaluate proposals for raising of funds by way of issue of equity shares or any other eligible convertible securities.
 "Speciality Restaurants surges 14%, nears 52-week high on fund raising plan")
ONGC, Oil India hits over 5-month high after govt slashes windfall tax
On Friday, the Union government slashed the windfall tax on domestically produced crude oil and diesel effective December 16, 2022
 "ONGC, Oil India hits over 5-month high after govt slashes windfall tax")
Sensex can drop to 58,000, Nifty 17,700 if these supports are violated
Presently, the BSE Sensex and Nifty 50 have breached their respecitve 21-SMAs, the following support levels need to be honoured in order to sustain a positive bias.
 "Sensex can drop to 58,000, Nifty 17,700 if these supports are violated")
Sugar stocks sweeten in weak market on hopes of higher export limit
Rajshree Sugars, Ugar Sugar Works, Simbhaoli Sugars, Sakthi Sugars and Bajaj Hindustan have zoomed in the range of 10 per cent to 19 per cent in intra-day trades so far.
 "Sugar stocks sweeten in weak market on hopes of higher export limit")
Stocks to watch: Wipro, Vedanta, HPCL, RIL, Kalpataru Power, Biocon
Stocks to watch today: Wipro inked multi-year digital transformation partnership with fintech firm Finastra; HPCL aims to raise around Rs 10,000 crore in debt to fund oil refining operations
 "Stocks to watch: Wipro, Vedanta, HPCL, RIL, Kalpataru Power, Biocon")
Sensex tumbles nearly 900 points: Top factors behind Thursday's market fall
The 30-pack index had dropped over 900 points intra-day to hit a low of 61,715.61, while the 50-pack index hit a low of 18,388
 "Sensex tumbles nearly 900 points: Top factors behind Thursday's market fall")
Sensex drops 879pts, Nifty near 18,400 on Fed's hawkish pivot; IT worst hit
CLOSING BELL: The 30-pack index had dropped over 900 points intra-day to hit a low of 61,715.61, while the 50-pack index hit a low of 18,388
 "Sensex drops 879pts, Nifty near 18,400 on Fed's hawkish pivot; IT worst hit")
Trading strategies in IRCTC, other rail-related stocks amid stake sale buzz
IRCTC has consistently faced resistance around the Rs 800-mark; break below Rs 660 can further weaken the stock, chart indicates.
 "Trading strategies in IRCTC, other rail-related stocks amid stake sale buzz")
Sapphire Foods up 3% on heavy volumes, almost 11% equity changes hands
WWD Ruby intended to sell up to 31,77,127 equity shares representing 5 per cent of total equity of Sapphire Foods, in one or more tranches, by December 21, 2022.
 "Sapphire Foods up 3% on heavy volumes, almost 11% equity changes hands")
IDBI Bank rallies 6%, hits 52-week high as DIPAM extends bid submission
DIPAM extended the deadline to submit Expressions of Interest (EoI) for the strategic disinvestment of the Bank to January 7 2023 from December 16 2022.
 "IDBI Bank rallies 6%, hits 52-week high as DIPAM extends bid submission")
IRCTC dips 5% after government sets OFS floor price at steep discount
The floor price for the OFS was set at Rs 680, a 7.4 per cent discount to Wednesday's closing price of Rs 734.70.
 "IRCTC dips 5% after government sets OFS floor price at steep discount")
Stocks to watch: Bharti Airtel, Poonawalla Fincorp, M&M, SBI, Wipro, NTPC
Stocks to watch today: M&M will invest Rs 10,000 crore to set up an electric vehicle (EV) manufacturing facility in Pune; Bharti Airtel launched 5G Plus services at no-extra cost in Lucknow
 "Stocks to watch: Bharti Airtel, Poonawalla Fincorp, M&M, SBI, Wipro, NTPC")
Stock of this specialty chemicals company has zoomed over 100% in 10 days
Shares of Narmada Gelatines froze upper circuit for sixth straight day and zoomed 76 per cent during the period. Moreover, the stock skyrocketed 120 per cent in the past 10 days
 "Stock of this specialty chemicals company has zoomed over 100% in 10 days")
Nifty Bank index eyes 45,000-mark; BoB, Axis, YES Bank can rally up to 33%
So far in 2022, the Nifty Bank Index has soared 24 per cent, far outperforming the benchmark indices, the BSE Sensex and Nifty 50, which have gained close to 8 per cent each.
 "Nifty Bank index eyes 45,000-mark; BoB, Axis, YES Bank can rally up to 33%")
SBI, Axis Bank, Larsen & Toubro among Sensex 30 hit fresh all-time highs
In the past one month, SBI up 3% has underperformed the PSU Bank index, which surged 21% during the period.
 "SBI, Axis Bank, Larsen & Toubro among Sensex 30 hit fresh all-time highs")
Triveni Turbine surges 5%, hits new high on fixing record date for buyback
With strong focus in enquiry generation and aggressive coverage plans, both in domestic and international markets, the management expect to convert large opportunities in the imminent future.
 "Triveni Turbine surges 5%, hits new high on fixing record date for buyback")
Immediate hurdle for Crude Oil seen at Rs 6,400; Natural Gas at Rs 589
On the downside, Rs 5,850 seems to be a good support for Crude Oil; Whereas Natural Gas futures have multiple supports as per the daily chart.
 "Immediate hurdle for Crude Oil seen at Rs 6,400; Natural Gas at Rs 589")
Stocks to watch: YES Bank, Paytm, Vedanta, SBI, Axis Bank, Tata Motors
Stocks to watch today: Private equity majors Carlyle Group and Advent picked 9.99 per cent stake in YES Bank; Paytm approved buyback of shares worth Rs 850 crore
 "Stocks to watch: YES Bank, Paytm, Vedanta, SBI, Axis Bank, Tata Motors")
Kalyan Jewellers hits new high on expansion plans; stock up 14% in 3 days
With this recent gain, the stock quoted 41 per cent higher against its issue price of Rs 87 per share
 "Kalyan Jewellers hits new high on expansion plans; stock up 14% in 3 days")
YES Bank re-enters top-100 most valued firms list; stock up 30% in 3 days
At 12:52 pm; with market-cap of Rs 57,380 crore, YES Bank stood at 92nd position in overall market-cap ranking, the BSE data shows
 "YES Bank re-enters top-100 most valued firms list; stock up 30% in 3 days")
