Page 16 - Stock Market Trading

Trend looks bullish on Nifty Pharma, Media indices, says Ravi Nathani

According to the technical analyst, the Nifty Pharma index can rally up to 13,250 level, while the Media index can surge to 2,080 level.

Nifty outlook and two stock picks by Vinay Rajani of HDFC Securities

Sustainable level above 18,201 could result in to momentum buying in the coming sessions, which could take Nifty towards next resistance of 18,500

Sensex, Nifty50 end flat in a wobbly trade; Tata Motors, Maruti surge 3%

CLOSING BELL: Broader markets, too, turned tepid as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.3 per cent

Tata Motors gains 4% on heavy volumes; stock surges 12% in one month

Tata Motors and its wholly-owned subsidiary JLR to report December quarter results on Wednesday, January 25, 2023.

Metals eye up to 15% gain amid China reopening, likely capex push in Budget

Over half of the stocks in Nifty Metal Index are trading with a bullish sentiment ahead of Budget 2023,

HDFC Bank rallies 7% in six days; stock inches towards all-time high

The management said the final hearing of NCLT, regarding the merger with HDFC, would take place on January 27, 2023, post which regulatory process will remain to be undertaken.

Ravi Nathani is bullish on auto shares; bearish on metals, PSU banks

According to the technical analyst, the Nifty Auto index can rally to 13,050 - 13,160 levels.

Sensex rises 320 pts, Nifty ends atop 18100; IT index up 2%, YES Bk down 8%

Closing Bell: Sectorally, Nifty IT clocked around a 2 per cent gain, followed by nearly 1 per cent upmove in bank, auto, FMCG and pharma indices. Metals and realty were the only pockets to close lower

Cement trades weak on profit-booking; UltraTech dips 3% post Q3 results

UltraTech Cement said that rising government spending, recovery in the rural economy on a pickup in farm incomes and pre-sales of housing real estate should also help the industry recover.

How to trade in Reliance Industries post Q3 results? Check key levels

After evaluating the RIL shares on all three time frames; short-term, medium-term and long-term, it appears to be positive as long as it shields the support of Rs 2,200 levels.

YES Bank tanks 12% on heavy volumes as Q3 net plunges 81%

The management said it would be difficult to give guidance on margins (NIMs) due to pressure from pricing deposits.

Reliance Industries gains 1% post December quarter earnings

The Mukesh Ambani-led RIL has cautioned against the impact of global economic headwinds on energy demand, in its post-results conference call.

Ravi Nathani expects Nifty to hit 18,400; cautions on Pvt Bank

According to the technical analyst, the Nifty 50 is expected to get strong support in the range of 17,925 to 18,000.

Stocks to watch: ICICI Bank, RIL, UltraTech, Adani Ent, SBI Life, Petronet

Stocks to Watch: Shares of Axis Bank, Canara Bank, IDBI, Jindal Stainless and Tata Communications will be in focus ahead of Q3 results on Monday.

Sensex snaps 2-day winning streak, ends 187 pts lower; Nifty50 below 18,150

CLOSING BELL: Broader markets, too, were subdued in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.4 per cent.

Barring OMCs, Paint & Tyre stocks may see adverse impact if Brent tops $88

OMC stocks like BPCL, HPCL are better placed on the charts; decisive move over their key hurdles could see next leg of upside

Atul Auto hits 3-year high on foray into EV space; zooms 29% in one week

Atul Greentech, a subsidiary of Atul Auto, on January 11, 2023 announced its foray into the electric space with the unveiling of two electric three wheelers

Persistent Systems up 5% on strong TCV, in-line revenue growth in Q3

The company said it won several large deals across industries and service lines, driving 20 per cent sequential growth in total contract value (TCV) bookings during the quarter.

Adani Enterprises hits 2-mth low, down 4% on setting FPO price at discount

The company has set a price band of Rs 3,112-Rs 3,276 per share for its Rs 20,000-crore follow-on public offering (FPO), that opens for subscription on January 27.

Mahindra Lifespace surges 8% on foray into society redevelopment in Mumbai

With the current addition, it has exceeded its guidance of land bank addition worth Rs 2,500 crore of development value, every year for FY23, ICICI Securities said.