However, in the past six months, the has stock shed 17 per cent, as compared to 1 per cent decline in the S&P BSE Sensex.
Shares of gas distribution companies have being in focus on expectations of rise in demand, coupled with a favourable outcome from the Kirit Parikh report.
CLOSING BELL: Among sectors, defensives rose in trades today with the Nifty IT, FMCG, and Pharma indices advancing between 0.6 per cent and 0.9 per cent
Among individual stocks, Asian Paints, EIH and Alkem Laboratories can rally up to 18 per cent each. Hindustan Unilever and Metro Brands too are poised to log smart gains, indicate charts.
According to the technical analyst from Anand Rathi, Metropolis Healthcare can rally to Rs 1,800, while Thyrocare Technologies can rise up to Rs 740.
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Stock market live: At 07:50 am, SGX Nifty quoted at 17,230, indicating an opening loss of over 100-odd points on the Nifty
Post listing, the stock moved 45 per cent higher to Rs 480 on the NSE and BSE, as against its issue price of Rs 330 per share.
In Mumbai, the yellow metal is going at a discount of $7-10 per ounce while in Ahmedabad it is $7
CLOSING BELL: ith this, the indices have yet again turned negative for calendar year 2022. During the day, the Sensex had tumbled over 1,100 points, and the Nifty50 had erased nearly 350 points
Tata Chemical sees 25 per cent upside on Golden Cross breakout, while Tata Investment and Indian Hotels can surge up to 20 per cent each.
The analyst from HDFC Securities recommends buying Bharat Forge 790 Call and simultaneously selling 810 Call of the September series.
According to the technical analyst from Anand Rathi, JM Financial can rally to Rs 78, while Nazara Technologies can gain up to Rs 830.
Until the S&P BSE Sensex and Nifty50 do not break 57,000 and 17,000 levels, there are higher changes of touching 64,000 and 19,000 levels.
Have sufficient capital as buffer to be able to meet additional margin requirements
CLOSING BELL: Sectorally, indices ended mixed with the Nifty FMCG index rising over 1 per cent, while the Nifty Bank, and Financial Services indices falling up to 1.4 per cent each
The Nifty FMCG index hit a fresh all-time high on Thursday even as the key benchmark indices wilted under selling pressure, tracking losses in global markets.
The stock was tracking losses in global markets, as the US Fed raised interest rates an another 75 bps on Wednesday.
Equity indices snapped their two-day rising streak on Wednesday amid mixed global market trends ahead of the keenly awaited US Fed interest rate decision. The 30-share BSE Sensex fell 262.96 points or 0.44 per cent to settle at 59,456.78. During the day, it tanked 444.34 points or 0.74 per cent to 59,275.40. The NSE Nifty went lower by 97.90 points or 0.55 per cent to end at 17,718.35. IndusInd Bank was the biggest laggard in the Sensex pack, tumbling 3.19 per cent, followed by PowerGrid, UltraTech Cement, L&T, NTPC, HCL Technologies, Dr Reddy's, TCS and Bharti Airtel. In contrast, Hindustan Unilever, ITC, Bajaj Finance, Tech Mahindra, Reliance Industries, Mahindra & Mahindra, Nestle India and HDFC Bank were the gainers, climbing as much as 1.60 per cent. "Markets across the globe were trading with considerable volatility ahead of the Fed policy announcement. A 75 bps hike by Fed was factored in by the markets, while reports of mobilising Russian forces in Ukraine has ...
CLOSING BELL: The losses, meanwhile, were led by the Nifty Metal index (down 2 per cent), and the Nifty Pharma index (1.4 per cent)