Page 39 - Market Trends
Adani Transmission hits new high, surpasses ITC in market cap ranking
At 10:23 AM, Adani Transmission's market cap stood at Rs 3.88 trillion, followed by ITC (Rs 3.77 trillion), BSE data shows.
 "Adani Transmission hits new high, surpasses ITC in market cap ranking")
Kansai Nerolac zooms 34% in 3 days on strong Q1 operational performance
The management foresees uptick in demand across the paint industry to be driven by strong expansion in the infrastructure, core sector, automotive, and real estate industries.
 "Kansai Nerolac zooms 34% in 3 days on strong Q1 operational performance")
eClerx Services surges 14% as board to consider bonus issue proposal
The company's board will meet on August 9, 2022 to consider the proposal for issuance of bonus equity shares and June quarter results.
 "eClerx Services surges 14% as board to consider bonus issue proposal")
MCX Crude Oil may soon test 200-DMA; Bias for Natural Gas turns neutral
The MCX Crude Oil futures could dip briefly below the 200-DMA at Rs 7,275 indicates the weekly momentum oscillators. Bias for Natural Gas futures no longer negative.
 "MCX Crude Oil may soon test 200-DMA; Bias for Natural Gas turns neutral")
Adani Enterprises becomes 4th Group company to cross Rs 3 trillion m-cap
At 11:25 AM; with a market-cap of Rs 3.07 trillion Adani Enterprises stood at 18th position in the overall market-cap ranking among the BSE listed companies, the exchange data showed
 "Adani Enterprises becomes 4th Group company to cross Rs 3 trillion m-cap")
Sensex ends volatile day 21 pts higher; PSB index surges 3%, Zomato 20%
CLOSING BELL: losses in HDFC twins, ICICI Bank, Infosys, L&T, and Bharti Airtel nearly balanced gains in Kotak Bank, State Bank of India, Hindustan Unilever (HUL), Asian Paints, and Bajaj Finance
YES Bank hits highest level since January 2021; stock soars 20% in 3 days
On July 29, 2022, the bank announced to raise equity capital of around 1.1 billion (Rs 8,900 crore) from funds affiliated with two global private equity investors - Carlyle and Advent International.
 "YES Bank hits highest level since January 2021; stock soars 20% in 3 days")
ITC can double from current levels; HUL, Marico may hit new highs
The current chart formation is akin to 2011, provided ITC ends August on a positive note. Post which, the stock can potentially double from current levels.
 "ITC can double from current levels; HUL, Marico may hit new highs")
Strong Q1 earnings propel ITC to a fresh 3-year high, stock gains 3%
Analysts believe ITC would be able to continue to grow in high single digit in cigarettes & log a double-digit growth in all the other segments going forward.
 "Strong Q1 earnings propel ITC to a fresh 3-year high, stock gains 3%")
PSU Banks defy weak market mood: BoB, SBI, PNB surge up to 5%
At 10:41 AM; Nifty PSU Bank index, the top gainer among sectoral indices, was up 2.5 per cent, as compared to 0.43 per cent decline in the Nifty50 index.
 "PSU Banks defy weak market mood: BoB, SBI, PNB surge up to 5%")
Zomato soars 9% as net loss narrows to Rs 186 cr in June quarter
The contribution as a percentage of gross order value (GOV) increased to 2.8 per cent in Q1FY23, against 1.7 per cent in Q4FY22, driven by improvements on both cost and revenue sides.
 "Zomato soars 9% as net loss narrows to Rs 186 cr in June quarter")
Sensex sprints 545 pts, reclaims 58K; Nifty tops 17,300; TaMo up 7%, M&M 6%
CLOSING BELL: M&M (up 6 per cent) was the top Sensex gainer, followed by RIL, Maruti Suzuki, Bharti Airtel, Power Grid, Kotak Bank, Ultratech Cement, ITC, NTPC, SBI, Axis Bank, and Titan
 "Sensex sprints 545 pts, reclaims 58K; Nifty tops 17,300; TaMo up 7%, M&M 6%")
SpiceJet flies 11% after airline asserts 'normal' flight operations
This comes after airline regulator Director General of Civil Aviation (DCGA) curtailed flight operations to only 50 per cent for eight weeks
 "SpiceJet flies 11% after airline asserts 'normal' flight operations")
This Rekha Jhunjhunwala-owned stock hits all-time high, zooms 15%
Metro Brands reported a consolidated net profit of Rs 105.78 crore, while revenue grew 3.5-fold in the June 2022 quarter.
 "This Rekha Jhunjhunwala-owned stock hits all-time high, zooms 15%")
IDFC First Bank zooms 10% on reporting highest-ever profit
The bank's NII grew by 26 per cent YoY, and the asset quality also improved considerably.
 "IDFC First Bank zooms 10% on reporting highest-ever profit")
Despite pullback, MCX Gold, Silver futures face multiple hurdles ahead
The MCX Gold futures are likely to face resistance around Rs 51,670, while Silver futures may face hurdle at Rs 59,030.
 "Despite pullback, MCX Gold, Silver futures face multiple hurdles ahead")
Sensex rises 712 pts, Nifty tops 17,150; Tata Steel rallies 7%, HDFC 2%
CLOSING BELL: Public sector banks were the only losers with the Nifty PSB index down 1.2 per cent
 "Sensex rises 712 pts, Nifty tops 17,150; Tata Steel rallies 7%, HDFC 2%")
Adani Ports, ABB, NOCIL: Top 5 stocks that can rally up 15% in short-term
The broader markets have pulled back sharply, with the benchmarks Sensex and Nifty 50 now up 15 per cent each from the June lows.
 "Adani Ports, ABB, NOCIL: Top 5 stocks that can rally up 15% in short-term")
TVS Motor surges 10%, hits all-time high post strong June quarter results
In the past three months, the stock of TVS Motor outperformed the market as it surged 46 per cent, as compared to marginal 0.34 per cent rise in the S&P BSE Sensex.
 "TVS Motor surges 10%, hits all-time high post strong June quarter results")
SBI Life Insurance rallies 9.5%, hits new 52-week high on strong Q1 results
The company displayed a strong show in Q1FY23 with 80 per cent YoY growth in APE along with a sharp jump of 132 per cent YoY in VNB.
 "SBI Life Insurance rallies 9.5%, hits new 52-week high on strong Q1 results")
