Page 6 - Market Trends

Global trends, FPI trading activity to drive mkts in shortened wk: Analysts

Equity markets would be mainly driven by global trends and foreign fund trading activity in the holiday-shortened week, analysts said. The BSE and the National Stock Exchange have listed March 7 (Tuesday) as a holiday on account of Holi. However, stock brokers' association ANMI has urged the government, exchanges and Sebi to shift the holiday to March 8 from March 7. "Indian stock markets may remain volatile amid fear that the US FED will keep raising interest rates to control inflation. Rising US bond yields and macroeconomic numbers will keep the market mood subdued in the near-term. "Investments by FIIs, who are turning out to be small net buyers at the margin, and DIIs will be monitored," Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd, said. On the global front, the Bank of Japan will decide on interest rates and the US macroeconomic data (US nonfarm payrolls and unemployment rate) will be scheduled for release on March 10, while on the domestic front, India's

Imagicaaworld zooms 27% in two days on launching Aquamagicaa in Surat

The company said business continues to show an excellent rebound after two years of adverse COVID-19 impact as well as overall improvement in the health of operations.

WPIL soars 10% on securing Rs 1,225 cr order from Madhya Pradesh Jal Nigam

Meanwhile, in the past one month, the stock of the industrial products company has zoomed 83 per cent after it reported robust December quarter (Q3FY23) results.

Techno Electric surges 9% on healthy growth outlook

The management expects growth momentum of business as well as execution to continue for the coming three years.

Nifty PSU Bank index surges 4% amid rebound in Adani group stocks

SBI, Bank of Baroda, Punjab & Sind Bank, Union Bank of India, UCO Bank, Bank of India, Bank of Maharashtra and Indian Overseas Bank were up 4 - 7 per cent each.

Adani Group shares rally up to 10% as GQG Partners buy Rs 15,446 cr stake

The promoters plan to use the proceeds to retire debt and for other purposes.

Alembic Pharma slips 5%; board approves Rs 1,150 cr as impairment charges

This one time impairment impact notwithstanding, we believe this move bodes well for future return ratios and profitability. We expect more impairments in due course, ICICI Securities said in a note.

Stocks to watch: Tata Power, NHPC, Zydus Life, Bharat Forge, Ramco Systems

Stocks to watch today: From Tata Power to NHPC, here are top stocks to watch in Friday's trading session

Rail Vikas up 10% as JV emerges lowest bidder for 200 Vande Bharat trains

A joint venture of Russian firm Transmashholding (TMH) and RVNL emerged as the lowest bidder for the manufacture and maintenance of 200 lightweight Vande Bharat trains.

Macrotech Developers surges 6% on heavy volumes; stock up 26% in 4 days

According to analysts, Macrotech Developers is expected to benefit from resilient housing demand, supply consolidation and peaking out of high interest rates.

Sonata Software hits new high; stock up 44% since start of the year

Acquisition of Quant Systems will strengthen Sonata offering in BFSI and Healthcare & Life science verticals which will aid the revenue growth of company, say analyst at ICICI Securities.

Nifty IT, Realty indices look bullish on chart: Ravi Nathani

The technical analyst also expects a pullback in the Nifty Pharma index.

Oil India, ONGC gain up to 4% on improved earnings outlook

Sustained higher crude oil prices and gas realisations can result in better profitability for upstream companies, say analysts.

Bharat Dynamics jumps 5% on strong outlook; stock up 23% in 2 weeks

In the past two weeks, the stock rallied 23 per cent after the state-owned aerospace & defense company said that it has received export order worth $255 million

Equitas Small Finance Bank hits fresh 52-week high; stock up 38% in a month

On February 8, the board approved allotment of 789.5 million equity shares (swap ratio at 231:100) of Equitas SFB to the eligible shareholders of the erstwhile Equitas Holdings.

Delhivery slips over 1% as 28 million shares exchange hands via block deal

At 09:15 am; around 28 million equity shares, which represented 3.8 per cent of total equity shares of Delhivery changed hands on the BSE, shows data

Adani Enterprises soars 12%; mining arm gets LoI for Odisha Bauxite block

Adani Enterprises on Tuesday said its wholly-owned subsidairy Mundra Aluminium was declared as the preferred bidder for the Kutrumali bauxite block by the Odisha government.

Sensex ends 326 pts lower ahead of GDP data; RIL, Tata Steel slip 2%

CLOSING BELL: The Sensex and Nifty extended their losing streak into the eighth straight day on Tuesday; BSE benchmark has now shed 2,358 points, and NSE index 732 points in this period.

Indiabulls Real Estate plunges 7% as MD Mehul Johnson resigns

The company said merger with the Embassy was in the final stages of the National Company Law Tribunal (NCLT) review - next hearing in Chandigarh scheduled for tomorrow, March 1, 2023.

Zee Entertainment jumps 6% as NSE reincludes stock in F&O segment

The stock of TV broadcasting & software production had dipped 15 per cent in past six trading days between February 17 and February 27.