Page 27 - Market Trends
Samvardhana Motherson slips 7%, hits new 52-week low after block deal
At 09:15 AM, around 133.35 million shares representing 2.95 per cent of total equity of the company changed hands on the BSE in a block deal, the exchange data shows.
 "Samvardhana Motherson slips 7%, hits new 52-week low after block deal")
Mehul Kothari recommends Arvind Fashions, CAMS as top 'Diwali' picks
According to the technical analyst from Anand Rathi, Arvind Fashions can rally to Rs 440, while CAMS can surge to Rs 3,650 within a year's time.
 "Mehul Kothari recommends Arvind Fashions, CAMS as top 'Diwali' picks")
HDFC Bank can rally 10% if it conquers Rs 1,550-hurdle, chart indicates
The trend seems buoyant on the weekly chart with the 200-WMA, placed at Rs 1,285-level, acting as a major support for the stock.
 "HDFC Bank can rally 10% if it conquers Rs 1,550-hurdle, chart indicates")
Sensex jumps 685pts, Nifty ends near 17,200; Infosys, HDFC, HDFC Bank shine
CLOSING BELL: A sharp pull-back in the US overnight triggered the relief rally in our markets on Friday. Benchmark indices however pared gains in the latter half of the trading day.
 "Sensex jumps 685pts, Nifty ends near 17,200; Infosys, HDFC, HDFC Bank shine")
Nykaa hits lowest level since listing; stock slips 53% from record high
With this recent fall, the market price of Nykaa has tanked 53 per cent from its record high level of Rs 2,574, which it had touched on November 26, 2021
 "Nykaa hits lowest level since listing; stock slips 53% from record high")
Infosys can hit Rs 1,700, charts hint; how brokerages decode the Q2 nos
The company also announced its fourth share buyback offer worth Rs 9,300 crore, at a price of Rs 1,850 per share.
 "Infosys can hit Rs 1,700, charts hint; how brokerages decode the Q2 nos")
This auto stock zoomed 54% in 2 weeks on 5 mn warrants issue to Vijay Kedia
Shares of Atul Auto continued its northward movement and surged 12 per cent to hit 52-week high of Rs 289.55 apiece in Friday's intra-day trade
 "This auto stock zoomed 54% in 2 weeks on 5 mn warrants issue to Vijay Kedia")
Anand Rathi Wealth hits record high, soars 8% on strong Q2 results
Anand Rathi Wealth reported strong growth in asset under management (AUM) of 16 per cent YoY at Rs 35,842 crore.
 "Anand Rathi Wealth hits record high, soars 8% on strong Q2 results")
Infosys surges 5%; Q2 earnings, Rs 9,300 cr share buyback lifts sentiment
The IT major has increased the lower end of the revenue guidance keeping upper end constant i.e. revenue guidance changed from 14-16 per cent to 15-16 per cent in constant currency terms.
 "Infosys surges 5%; Q2 earnings, Rs 9,300 cr share buyback lifts sentiment")
F&O Strategy: Nandish Shah recommends Bull Spread on Bata India
The derivative analyst from HDFC Securities recommends buying Bata India 1840 Call and selling 1900 Call of the October series.
 "F&O Strategy: Nandish Shah recommends Bull Spread on Bata India")
Here's why Mehul Kothari recommends buying Gland Pharma, Indian Oil
According to the technical analyst from Anand Rathi, Gland Pharma can rally to Rs 2,350, while IOC can spurt to Rs 83.
Sensex slips 391 pts, Nifty holds 17K ahead of US CPI data; Wipro cracks 7%
CLOSING BELL: The NSE Nifty 50 swung wildly in a range of 17,112 to 16,957 as the weekly F&O expiry was in focus. The index finally settled with a loss of 107 points at 17,017 .
 "Sensex slips 391 pts, Nifty holds 17K ahead of US CPI data; Wipro cracks 7%")
Ugar Sugars soars 12% on heavy volumes; stock spikes 165% in a year
The stock of sweetener hit a six month high and quoted at its highest level since April 2022
 "Ugar Sugars soars 12% on heavy volumes; stock spikes 165% in a year")
Maharashtra Seamless up 10%, hits new high on stock split, bonus issue plan
In the past one year, the stock has appreciated by 100 per cent on the back of robust financial performance and strong order book position.
Contra bets in HCL Tech and Wipro could give up to 20% gains; Here's why
If Wipro fails to defend the 200-WMA placed at Rs 378, the stock can slide to near Rs 300-mark. On the other hand, HCL Technologies seems to be on course to test Rs 1,200.
 "Contra bets in HCL Tech and Wipro could give up to 20% gains; Here's why")
Astec Lifesciences hits record high in a weak mkt; stock up 24% in 3 days
The stock of pesticides & agrochemicals company surpassed its previous high of Rs 2,178.85, which it had touched on July 20, 2022
 "Astec Lifesciences hits record high in a weak mkt; stock up 24% in 3 days")
Brokerages positive on HCL Tech as co ups FY23 revenue outlook; stock up 4%
The company raised its full-year revenue growth guidance to 13.5-14.5 per cent, from 12-14 per cent on a constant currency (CC) basis, citing strong order bookings and pipeline.
 "Brokerages positive on HCL Tech as co ups FY23 revenue outlook; stock up 4%")
Stocks to watch: Infosys, Mindtree, HCL Tech, Wipro, Adani Ports, PVR, SBI
Stocks to watch today: Infosys, MindTree will report September quarter (Q2FY23) results on Thursday, October 13; HCL Tech saw 7 per cent YoY rise in consolidated net profit to Rs 3,489 crore in Q2FY23
 "Stocks to watch: Infosys, Mindtree, HCL Tech, Wipro, Adani Ports, PVR, SBI")
Sensex snaps 3-day losing streak, ends 479pts higher; Nifty reclaims 17,100
CLOSING BELL: Power majors - PowerGrid, NTPC along with FMCG and select financial shares were the major gainers in trade among the Sensex 30 on Wednesday.
 "Sensex snaps 3-day losing streak, ends 479pts higher; Nifty reclaims 17,100")
Can Bira 91 deal trigger gains for alcohol stocks? Here's what charts say
After an exciting 2021, shares of major alcohol manufacturers have been under pressure so far this year. Here's what charts suggest is in store for them
 "Can Bira 91 deal trigger gains for alcohol stocks? Here's what charts say")
