The Muhurat trading session on October 24, 2022, will mark the beginning of Samvat 2079
CLOSING BELL: Sectorally, the Nifty PSU Bank index climbed 3.6 per cent, Nifty Bank index 1.6 per cent, Nifty Financial Services and Private Bank indices up to 1.5 per cent
Among the realty pack, Indiabulls Real Estate trades in a bear grip, while Brigade and Phoenix Mills may see an upside of 14 per cent.
The trend seems buoyant on the weekly chart with the 200-WMA, placed at Rs 1,285-level, acting as a major support for the stock.
The stock listed at Rs 90, a 53 per cent premium to its issue price of Rs 59 per share on the National Stock Exchange (NSE) on Monday.
Only 7% of the respondents saw the US becoming the first economy to crack
He says that the market valuation premium over emerging market (EM) peers is around 70% versus the long-term average of nearly 40%
The fall in the Indian market is far subdued, compared to many global peers that have slipped into bear-market territory
In Q2FY23, Federal Bank also recorded its highest ever net interest income of Rs 1,762 crore, which was up 19 per cent YoY
The company also announced its fourth share buyback offer worth Rs 9,300 crore, at a price of Rs 1,850 per share.
The IT major has increased the lower end of the revenue guidance keeping upper end constant i.e. revenue guidance changed from 14-16 per cent to 15-16 per cent in constant currency terms.
The derivative analyst from HDFC Securities recommends buying Bata India 1840 Call and selling 1900 Call of the October series.
According to the technical analyst from Anand Rathi, Gland Pharma can rally to Rs 2,350, while IOC can spurt to Rs 83.
CLOSING BELL: The NSE Nifty 50 swung wildly in a range of 17,112 to 16,957 as the weekly F&O expiry was in focus. The index finally settled with a loss of 107 points at 17,017 .
In the past one year, the stock has appreciated by 100 per cent on the back of robust financial performance and strong order book position.
If Wipro fails to defend the 200-WMA placed at Rs 378, the stock can slide to near Rs 300-mark. On the other hand, HCL Technologies seems to be on course to test Rs 1,200.
The company raised its full-year revenue growth guidance to 13.5-14.5 per cent, from 12-14 per cent on a constant currency (CC) basis, citing strong order bookings and pipeline.
Analysts said that half of the BSE 500 firms trading below 200-DMA clearly indicates that market sentiment isn't strong and there is heightened selling pressure in the broader markets
After an exciting 2021, shares of major alcohol manufacturers have been under pressure so far this year. Here's what charts suggest is in store for them
CARE Ratings reaffirmed ratings on the existing bank facilities of M&M with stable outlook.