Page 14 - Stock Market Trading

Budget 2023 a balancing act with focus on prosperity and inclusiveness

Budget 2023: Raising of tax slabs along with reduction in peak surcharge shall result in around Rs 35,000 crore being saved by tax payers and hopefully being spent to boost consumption

ITC hits life-time high, bounces back 11% from day's low on heavy volumes

Shares of ITC were up nearly 4 per cent at Rs 365.65, surpassing its previous high of Rs 362, touched on November 11, 2022, on the BSE in intra-day trade on Wednesday.

Indian Hotels soars 7% on heavy volumes backed by strong Q3 show

The demand outlook for the sector in 2023 remains robust on the back of sporting events such as world cup hockey and cricket and global events like the ongoing G20.

Adani group shares extend fall; Adani Total Gas tanks 51% in five days

Shares of Adani Total Gas were locked in the lower circuit for the fourth straight day, down 10 per cent at Rs 1,901.65 on Wednesday.

Apar Industries zooms 42% in two days, hits record high on robust earnings

The management said the company witnessed volume growth across all the three divisions and the net profit tripled on a YoY basis.

Trading strategy in Nifty on the Budget Day by Vinay Rajani

Among individual stocks, the technical & derivative analyst from HDFC Securities recommends Buy on RCF and Triveni Engineering.

Sensex rises 445 pts from day's low to end flat; Adani FPO fully subscribed

CLOSING BELL: Broader markets, too, remained upbeat throughout the day as Nifty MidCap 100 and Nifty SmallCap 100 outperformed benchmark indices to close up to 2 per cent

Tech Mahindra dips 4% as management flags growth moderation, budget cuts

Tech Mahindra is witnessing moderation in growth, slower decision-making for projects, cuts in discretionary spending and shrinking budgets for short-term tactical deals, its management said

Beside Adani Green, Adani Transmission; 14 other stocks hit new 52-week low

Whenever a stock hits a new 52-week low, further fall from a medium-term scale appears realistic, with price endorsing further correction of 10 per cent to 12 per cent.

Larsen & Toubro falls 2% on profit booking post Q3 results

L&T reported a strong order book of Rs 3.72 trillion, suggesting good revenue visibility in coming years.

Stocks to Watch: Adani Group, LIC, L&T, Tech M, Inox, Leisure, GAIL, IOC

Stocks to Watch today: Stock exchanges BSE and NSE on Monday revised the circuit limits for three Adani group companies - Adani Total Gas, Adani Transmission, and Adani Green Energy - from 20% to 10%

Sensex ends choppy day 170 pts up, Nifty at 17,650; IT stocks lead gains

Closing Bell: Broader markets trailed gains in benchmark indices. The BSE Midcap and Smallcap indices closed up to 0.2 per cent lower

Bajaj Finance's long range strategy lifts stock 5% higher

The consumer financier reported its highest-ever quarterly profit at Rs 2,973 crore in Q3FY23, up 40% YoY, aided by a healthy rise in NII and drop in provisions and contingencies

Heranba Industries tanks 20%, hits record low on weak Q3 results

The management said revenue impacted by challenging global macros including prolonged geopolitical concerns, rising inflation in major economies and slowdown in demand.

More downside seems likely on the Nifty, Bank Nifty, says Ravi Nathani

According to the technical analyst, the key support for the Nifty is at 17,475, below which the NSE benchmark can slide to 17,040 and 16,660 levels.

Quick settlement

T+1 will increase liquidity

Seven of top-10 firms shed Rs 2.16 trillion in m-cap; RIL, SBI hit hard

The combined market valuation of seven of the 10 most valued firms eroded by Rs 2,16,092.54 crore last week, with Reliance Industries Limited and State Bank of India taking the biggest hit. Last week, the BSE barometer Sensex tumbled 1,290.87 points or 2.12 per cent. While HDFC Bank, Infosys, ICICI Bank, HDFC and Bharti Airtel were the other laggards among the top-10 firms, Tata Consultancy Services (TCS), Hindustan Unilever Limited and ITC emerged as the winners. The market valuation of Reliance Industries Ltd (RIL) tumbled Rs 71,003.2 crore to Rs 15,81,601.11 crore, the most among the top-10 firms. State Bank of India's valuation tanked Rs 46,318.73 crore to reach Rs 4,82,107.53 crore. The market valuation of ICICI Bank plunged Rs 36,836.03 crore to Rs 5,70,509.34 crore. HDFC Bank's valuation declined by Rs 24,899.93 crore to Rs 9,01,287.61 crore and that of Bharti Airtel fell by Rs 23,747.55 crore to Rs 4,31,583.22 crore. The market capitalisation (mcap) of HDFC went lower by

Flows to Indian equities are at risk as investors eye China: Chris Wood

He believes India remains the best long-term equity story in Asian and the emerging market (EM) context

Rout in Adani group shares, banks drag Sensex 874 pts, Nifty ends at 17,600

Closing Bell: Adani Enterprises and Adani Ports were the leading Nifty losers, which ended 18 and 15 per cent lower, respectively. SBI, ICICI Bank, IndusInd Bank were next in line sinking up to 5%

ITC gains nearly 3%, hits over two-month high in weak market

Brokerages expect strong growth for ITC's FMCG business led by price hikes, strong traction in discretionary categories (due to high mobility) & strong growth in education & stationary business.