Page 22 - Market Trends
Sensex drops 519pts, Nifty below 18,200; Easy Trip up 20%, Archean Chem 12%
CLOSING BELL: Over 35 stocks fell on the Nifty50 index, led by Adani Ports, Hindalco, TCS, HDFC, Tech M, Reliance Industries, Hero MotoCorp, Infosys, Grasim, JSW Steel, and Bajaj Finance
 "Sensex drops 519pts, Nifty below 18,200; Easy Trip up 20%, Archean Chem 12%")
RHI Magnesita soars 14% post acquisition of Dalmia's Indian refractory biz
Based on the issuance price of RHI Magnesita India at Rs 632.5029 per share, the share consideration had a value of approximately Rs 1,708 crore.
 "RHI Magnesita soars 14% post acquisition of Dalmia's Indian refractory biz")
Deepak Fertilisers, Aarti Ind soar up to 8% on plans to ink Rs8,000 cr deal
Both parties plan to execute the formal agreement before the close of this calendar year and the supply arrangement comes into effect from 1st April 2023.
 "Deepak Fertilisers, Aarti Ind soar up to 8% on plans to ink Rs8,000 cr deal")
Kabra Extrusion soars 17% as Battrixx inks pact with Hero Electric
The target is to supply 300,000 battery packs and chargers in the next financial year based on Hero Electric's projections
 "Kabra Extrusion soars 17% as Battrixx inks pact with Hero Electric")
Five Star Business Finance makes a weak debut, lists at 5% discount on BSE
Shares of Five Star Business Finance opened at Rs 468.8 on the NSE and at Rs 449.95 on the BSE.
 "Five Star Business Finance makes a weak debut, lists at 5% discount on BSE")
Archean Chemical lists at 11% premium to issue price, extends gain
Post listing, the stock moved higher to Rs 473.65, up 16 per cent over its issue price on the BSE.
 "Archean Chemical lists at 11% premium to issue price, extends gain")
'Buy the dips' in MCX Gold; Silver needs to hold Rs 60,100, charts show
On the upside, the MCX Gold December futures can retest it's last week high of Rs 53,200.
 "'Buy the dips' in MCX Gold; Silver needs to hold Rs 60,100, charts show")
Sensex, Nifty recoup losses, end flat; auto stocks dip, PB Fintech gains 8%
CLOSING BELL: The S&P BSE Sensex ended with a marginal loss of 88 points, while the Nifty held the 18,300-level on Friday.
 "Sensex, Nifty recoup losses, end flat; auto stocks dip, PB Fintech gains 8%")
As Sensex struggles at 62,000, Nifty at 18,500, here's what can happen next
The BSE Sensex and NSE Nifty 50 have scaled fresh life-time highs in the last five straight years; charts suggest that the trend may continue this year.
 "As Sensex struggles at 62,000, Nifty at 18,500, here's what can happen next")
Here's why Mehul Kothari recommends to Sell Infosys, Buy Redington
According to the technical analyst from Anand Rathi, Infosys can be sold with a stop at Rs 1,630, while Redington is expected to rally to Rs 178.
 "Here's why Mehul Kothari recommends to Sell Infosys, Buy Redington")
Vinay Rajani of HDFC Securities recommends to buy this SBI call option
SBI has seen long-build in the November series, with a 3 per cent rise in open interest and price so far, says the technical & derivative analyst.
 "Vinay Rajani of HDFC Securities recommends to buy this SBI call option")
Stocks to watch: RIL, Tata Motors, Nykaa, ABFRL, Equitas SFB, Suven Life
Stocks to watch today: Tata Motors bagged order for 1,000 buses from Haryana Roadways; ABFRL inked pact with Galeries Lafayette to open luxury department stores in India
 "Stocks to watch: RIL, Tata Motors, Nykaa, ABFRL, Equitas SFB, Suven Life")
Kirloskar group shares hit 52-wk highs; KOEL, KPCL up over 50% in 6 months
In the past six months, KOEL (up 131 per cent), KPCL (53 per cent) and Kirloskar Industries (45 per cent) zoomed over 40 per cent, as against 14 per cent rise in the benchmark index
 "Kirloskar group shares hit 52-wk highs; KOEL, KPCL up over 50% in 6 months")
Paytm can slip below Rs 400 if Bears tighten grip; Delhivery may hit Rs 300
Paytm dived over 10 per cent in intraday deals on Thursday amid heavy volume of around 4 million shares. The stock now seems headed to test support at its all-time low of Rs 510.
 "Paytm can slip below Rs 400 if Bears tighten grip; Delhivery may hit Rs 300")
Share price of this cigarette company has nearly doubled in 10 months
Shares of Godfrey Phillips hit a new high of Rs 1,842.70 as they rallied 5% on the BSE in Thursday's intra-day trade, and have zoomed 97% from its February low of Rs 937 on the BSE.
 "Share price of this cigarette company has nearly doubled in 10 months")
Timken India soars 10% on plans to set up Gujarat manufacturing facility
The company will set up new manufacturing facility at Bharuch, Gujarat to manufacture Spherical Roller Bearings (SRB), Cylindrical Roller Bearings (CRB), and other components
 "Timken India soars 10% on plans to set up Gujarat manufacturing facility")
R Systems zooms 20% on Blackstone's open offer to acquire majority stake
Blackstone has made an offer for acquiring up to 57.17 million equity shares, representing 48.33 per cent of R Systems equity, at Rs 245 apiece.
 "R Systems zooms 20% on Blackstone's open offer to acquire majority stake")
L&T Infotech, Mindtree extend fall ahead of merger, down up to 7% in 3 days
The board of directors of LTI and Mindtree fixed November 24, 2022 as the 'Record Date' for the purpose of determining eligibility of Mindtree shareholders to get shares of the amalgamated company.
 "L&T Infotech, Mindtree extend fall ahead of merger, down up to 7% in 3 days")
RVNL, Rites, IRCTC: Rail-related stocks on fast track, can rally up to 16%
So far in 2022, Titagarh Wagons and Rail Vikas Nigam have zoomed 87 per cent and 80 per cent, respectively. Texmaco Rail and Rites too logged smart gains. IRCTC is the sole underperformer.
 "RVNL, Rites, IRCTC: Rail-related stocks on fast track, can rally up to 16%")
Bikaji Foods makes steady debut; stock lists 8% higher to issue price
Bikaji Foods International listed at Rs 322.80, a 8 per cent premium when compared with its issue price of Rs 300 per share on the NSE.
 "Bikaji Foods makes steady debut; stock lists 8% higher to issue price")
