Page 81 - Market Trends

Nucleus Software surges 16% as Board to consider share buyback plan

The company has scheduled its board meet on September 24 to consider the proposal

SBI Cards plunges 6% as 4% equity changes hands on Exchanges via block deal

According to a term sheet reviewed by Business Standard, CA Rover Holdings, a subsidiary of Carlyle, had put on the block 32 million shares on Tuesday in a price band of Rs 1,021-Rs 1,072.30 per share

Surya Roshni soars 28% in 2-days, hits new high on FPI stake purchase

Recently, Employees Retirement System of Texas - Self Managed Portfolio bought 427,789 equity shares representing 0.79 per cent stake in the company

Hotel stocks rally; Indian Hotels at new high, Chalet, EIH gain up to 14%

Analyst believe hospitality business will be back to pre-Covid level by Q4FY22, if there won't be third wave of the pandemic

Lupin slips 4% as Goa plant gets 7 observations from the USFDA

These observations which has been under regulatory oversight for 4 years, and can impact investor sentiment although revenue will not be impacted in the near term, ICICI Securities note stated

HLE Glascoat surges 19% on acquiring the global biz of Thaletec GmbH

The acquisition will enhance efficiencies and combine the similar business interests for both entities, resulting in operational synergies, streamlining and optimization of the businesses

ITC surges 8%, hits seven-month high; inches towards 52-week high

Despite today's sharpest rally, the stock has under-performed the market gaining 28 per cent, as against a 50 per cent surge in the S&P BSE Sensex.

APL, Apollo Tricoat trade ex-bonus; stocks record fresh life-time highs

In the past three months, APL Apollo Tubes and Apollo Tricoat have outperformed the market by surging 30% and 22%, respectively, when compared to a 12% rise in the Sensex.

Ami Organics surges 20% after strong debut; up 84% in two days

The company had very recently issued shares at Rs 610 apiece after a strong response to its IPO.

This Rakesh Jhunjhunwala-owned stock hits record high; up 30% in 3-weeks

Nazara Technologies hit a record high of Rs 2,076, surpassing its previous high of Rs 2,026.90 touched on debut day i.e. March 30, 2021.

We are not increasing allocation to cash, says Prasun Gajri, CIO, HDFC Life

Prasun Gajri says that while valuations are on the higher side, market correction is likely to be triggered only by a liquidity reversal, driven by global events or any dent in earnings expectations.

Goldiam Intl soars 17% as board approves buyback at Rs 1,200 per share

In past nine trading days, the stock has rallied 58 per cent in anticipation of a good price for share buyback, as the earlier proposal was rejected by the shareholders.

Sameet Chavan of Angel Broking is bearish on Bajaj Finance; check why

Bajaj Finance: The daily chart depicts three back-to-back 'Doji' candles and the first one specifically can be termed as a 'Gravestone Doji'

Global trends to direct stock market movement this week: Analysts

Equity market sentiment this week will be guided by global trends in the absence of any major domestic triggers, while bourses may also see some volatility amid expiry of derivatives contracts

Sensex tanks 984 pts, ends at 48,782; financials crack; Nifty Pharma up 1%

On a weekly basis, both the frontline indices snapped their 3-week losing streak and added around 2 per cent higher each

Sensex, Nifty: Don't worry about volatility; crucial supports are intact

Markets have been volatile since the past few sessions with the S&P BSE Sensex giving up the 52,000 levels after a record run since March 2020 low

Cycle indicators that traders can use to predict stock movement

The two major cyclical indicators that assists in identifying the shift in cyclical trend are: Commodity Channel Index (CCI) and Detrended Price Oscillator (DPO)

Polycab India, RBL Bank: 187 Nifty 500 stocks that look bullish as per RSI

Among the Nifty 500 stocks, the overall trend appears to be extremely bullish. The chart pattern of the Nifty 500 index also suggests the possibility of more buying in these scrips in the days ahead

ITC, HDFC Bank, and 62 other stocks face stiff resistance at 200-DMA

The 200-DMA is acting as a major hurdle for major stocks like ACC Ltd, Adani Ports, and Asian Paints, among others

Street signs: Market trend remains bullish, low float, higher price & more

Technical analysts say the Nifty has formed a bullish pattern on the weekly charts and is headed towards 10,700-10,800, which is a key resistance zone