Page 23 - Stock Market Trading
City Union Bank tumbles 9% as RBI finds divergence of additional gross NPA
The Reserve Bank of India found divergence of Rs 259 crore in additional gross NPA for the financial year 2021-22.
 "City Union Bank tumbles 9% as RBI finds divergence of additional gross NPA")
Sensex bounces 599 pts from lows, ends 104 pts down; Nifty tops 18,350
CLOSING BELL: Adani Enterprises, TCS, Axis Bank, Reliance Industries, ICICI Bank, IndusInd Bank, Nestle India, Ultratech Cement, SBI, and Infosys helped the frontline indices rebound
 "Sensex bounces 599 pts from lows, ends 104 pts down; Nifty tops 18,350")
Worried about promoters cutting stake? Here's tech view on Dabur, TVS Motor
Prominent promoters have recently offloaded stake in companies like TVS Motor, GMM Pfaudler via block deals, few others plan to do so in the near future.
 "Worried about promoters cutting stake? Here's tech view on Dabur, TVS Motor")
LIC hits over 6-month high; stock gains 10% in two days
In past one month, the stock price of LIC has surged 20 per cent, as against 1 per cent decline in the S&P BSE Sensex.
 "LIC hits over 6-month high; stock gains 10% in two days")
Here's why Mehul Kothari recommends to Buy Balrampur Chini, PNB
According to the technical analyst from Anand Rathi, Balrampur Chini can rally to Rs 435, while PNB is likely to hit Rs 68.
 "Here's why Mehul Kothari recommends to Buy Balrampur Chini, PNB")
Fag-end buying lifts Sensex 468 pts, Nifty above 18,400; auto, FMCG rise
CLOSING BELL: Sectorally, the Nifty IT index was the most downbeat sector as it dipped 0.5 per cent as Accenture's Q1FY23 results rang alarm bells for Indian IT companies
 "Fag-end buying lifts Sensex 468 pts, Nifty above 18,400; auto, FMCG rise")
UTI AMC soars 15% on heavy volumes, trades at 4-mth high on Tata deal buzz
According to media reports, Tata Group is in talks to buy majority stake in the company from PSU finance entities.
 "UTI AMC soars 15% on heavy volumes, trades at 4-mth high on Tata deal buzz")
Nykaa hits new all-time low amid slew of block deals in past one month
In past two trading days, the stock price of Nykaa has declined 5 per cent after Kravis Investment Partners II offloaded 36.7 million shares of the company at a price of Rs 171 apiece.
 "Nykaa hits new all-time low amid slew of block deals in past one month")
Speciality Restaurants surges 14%, nears 52-week high on fund raising plan
The company's board will meet on Wednesday, December 21, 2022, to consider and evaluate proposals for raising of funds by way of issue of equity shares or any other eligible convertible securities.
 "Speciality Restaurants surges 14%, nears 52-week high on fund raising plan")
GIC Re, New India Assurance extend rally; surge up to 40% in one month
On Monday, shares of General Insurance Corporation hit a fresh 52-week high at Rs 182.65, up 10 per cent; New India Assurance rallied 8 per cent.
 "GIC Re, New India Assurance extend rally; surge up to 40% in one month")
Stocks to Watch: Tata Power, M&M, Tata Motors, Ashoka Buildcon, Spandana
Stocks to Watch Today: Balrampur Chini, BHEL, Delta Corp, GNFC, Indiabulls Housing Finance, IRCTC and PNB are the seven stocks in F&O ban period on Monday.
 "Stocks to Watch: Tata Power, M&M, Tata Motors, Ashoka Buildcon, Spandana")
IRCTC stock is still richly valued despite fall since news of OFS
While business prospects remain unchanged, one-year average target price of analysts is Rs 600
 "IRCTC stock is still richly valued despite fall since news of OFS")
Sensex tanks 461 pts, Nifty below 18,300 amid global rout; all sectors fall
CLOSING BELL: Among sectors, the Nifty PSU Bank index sunk the most, down nearly 3 per cent. This was followd by losses in the Nifty Realty, Pharma, and Media indices, down over 1 per cent each
 "Sensex tanks 461 pts, Nifty below 18,300 amid global rout; all sectors fall")
Sensex can drop to 58,000, Nifty 17,700 if these supports are violated
Presently, the BSE Sensex and Nifty 50 have breached their respecitve 21-SMAs, the following support levels need to be honoured in order to sustain a positive bias.
 "Sensex can drop to 58,000, Nifty 17,700 if these supports are violated")
F&O Call: Nandish Shah recommends Bear Spread strategy in HAL
The derivative analyst from HDFC Securities recommends to Buy HAL 2600 Put and simultaneously Sell 2500 Put for the December expiry.
 "F&O Call: Nandish Shah recommends Bear Spread strategy in HAL")
Sensex tumbles nearly 900 points: Top factors behind Thursday's market fall
The 30-pack index had dropped over 900 points intra-day to hit a low of 61,715.61, while the 50-pack index hit a low of 18,388
 "Sensex tumbles nearly 900 points: Top factors behind Thursday's market fall")
Sensex drops 879pts, Nifty near 18,400 on Fed's hawkish pivot; IT worst hit
CLOSING BELL: The 30-pack index had dropped over 900 points intra-day to hit a low of 61,715.61, while the 50-pack index hit a low of 18,388
 "Sensex drops 879pts, Nifty near 18,400 on Fed's hawkish pivot; IT worst hit")
Stock price of these two PSU banks have zoomed around 150% in last 22 days
In past one month, the stock price of UCO Bank zoomed 151%, while of Punjab & Sind Bank by 147%, as compared to 23% rise in the Nifty PSU Bank index and less than 1% gain in Nifty 50.
 "Stock price of these two PSU banks have zoomed around 150% in last 22 days")
Sapphire Foods up 3% on heavy volumes, almost 11% equity changes hands
WWD Ruby intended to sell up to 31,77,127 equity shares representing 5 per cent of total equity of Sapphire Foods, in one or more tranches, by December 21, 2022.
 "Sapphire Foods up 3% on heavy volumes, almost 11% equity changes hands")
IRCTC dips 5% after government sets OFS floor price at steep discount
The floor price for the OFS was set at Rs 680, a 7.4 per cent discount to Wednesday's closing price of Rs 734.70.