Page 5 - Stock Market Trading
Sugar stocks in focus: Balrampur hits 11-month high; Triveni, Dalmia up 3%
India's sugar production fell 3 per cent to 29.9 million tonnes (MT) in the first six months of the 2022 23-marketing year ending September, according to industry body ISMA.
 "Sugar stocks in focus: Balrampur hits 11-month high; Triveni, Dalmia up 3%")
Rate sensitive shares gain up to 3% as RBI keeps repo rate unchanged
SBI, Indian Bank, UCO Bank, Bank of Maharashtra, Punjab & Sind Bank, Canara Bank and Punjab National Bank from the PSU banks were up in the range of 1 - 3 per cent.
 "Rate sensitive shares gain up to 3% as RBI keeps repo rate unchanged")
Avenue Supermarts dips 3% on profit booking post Q4 business update
The stock had gained up to 11 per cent in the last five straight trading sessions.
 "Avenue Supermarts dips 3% on profit booking post Q4 business update")
TTK Healthcare hits 5-year high on delisting plan; zooms 70% in 14 days
The board of directors are scheduled to meet on April 20, 2023 to consider the proposal for voluntary delisting of the equity shares of the company.
 "TTK Healthcare hits 5-year high on delisting plan; zooms 70% in 14 days")
Larsen & Toubro gains nearly 3% as hydrocarbon business wins mega contract
The engineering and construction company, however, did not provide the exact value of the contract, but specified that as per its classification, a mega project is of over Rs 7,000 crore.
 "Larsen & Toubro gains nearly 3% as hydrocarbon business wins mega contract")
Average daily cash volumes continue to dip; F&O segment hits new high
Markets remained volatile during the month amid the banking crisis in the developed world, boosting trading activity
 "Average daily cash volumes continue to dip; F&O segment hits new high")
HDFC duo, L&T lift Sensex 583 pts, Nifty atop 17550 day ahead of RBI policy
CLOSING BELL: Buying momentum in IT, HUL, and ITC shares also lent support
 "HDFC duo, L&T lift Sensex 583 pts, Nifty atop 17550 day ahead of RBI policy")
Smallcap index outperforms for 2nd straight day; 24 stocks hit 52-week high
In past four trading days, BSE smallcap index has rallied 5.3 per cent, as against 3.6 per cent rise in the S&P BSE Sensex.
 "Smallcap index outperforms for 2nd straight day; 24 stocks hit 52-week high")
RIL, ONCG, OIL: Windfall tax cut may propel bullish rally of up to 15%
When a stock reaches a new definitive peak, the trend is observed to rally in the same direction in the following sessions. This could become the case for Oil & Natural Gas Corporation and Oil India.
 "RIL, ONCG, OIL: Windfall tax cut may propel bullish rally of up to 15%")
CreditAccess Grameen rallies 6% on hopes of strong earnings growth
Analysts believe the company is well positioned to capture huge untapped opportunity in MFI space via deeper penetration in new, existing geographies and increase in customer base.
 "CreditAccess Grameen rallies 6% on hopes of strong earnings growth")
Stock markets closed today; check full list of 2023 market holidays here
Share market holiday: According to the list of trading holidays on the website of BSE, apart from today's holiday, the stock market will remain closed for 11 more days in 2023
 "Stock markets closed today; check full list of 2023 market holidays here")
Manappurm Finance hits 52-week high; up 11% in a week on improved outlook
CRISIL Ratings believes MFL's capitalisation and asset quality will remain strong supported by its gold loan business.
 "Manappurm Finance hits 52-week high; up 11% in a week on improved outlook")
Overall breadth needs to improve for a reversal in Indian market
Over half of the Nifty 500 stocks are trading below 200-DMA, this points to a weak strength. Market breadth needs to improve if further highs are to be set
 "Overall breadth needs to improve for a reversal in Indian market")
Kirloskar Brothers soars 10%; nears 52-week high on strong business outlook
The stock is inching towards its 52-week high of Rs 424 touched on November 25, 2022.
 "Kirloskar Brothers soars 10%; nears 52-week high on strong business outlook")
Defense stocks rally on bagging contracts from MoD; BEL, BDL surge up to 8%
The Ministry of Defence (MoD) on March 30 signed contracts with Indian shipyards, Bharat Dynamics, Bharat Electronics, and BrahMos Aerospace for equipments worth over Rs 35,000 crore.
 "Defense stocks rally on bagging contracts from MoD; BEL, BDL surge up to 8%")
Stock markets closed today: Check full list of 2023 market holidays here
Share market holiday: According to the list of trading holidays on the website of BSE, apart from today's holiday, the stock market will remain closed for 12 more days in 2023
 "Stock markets closed today: Check full list of 2023 market holidays here")
Indian stock market to remain closed today on account of Ram Navami
Stock market holiday: The Multi Commodity Exchange (MCX) will open for trading in the evening session at 5 PM
Adani Transmission, Adani Ports exposed to contagion risks: Fitch Ratings
Most Adani group stocks recovered some lost ground on Wednesday after a heavy sell-off a day earlier amid reports of the group's ability to service the debt levels.
 "Adani Transmission, Adani Ports exposed to contagion risks: Fitch Ratings")
This smallcap aerospace & defense stock has zoomed 73% thus far in 2023
Zen Technologies believes that it will play a significant supporting role in the government's prestigious Agnipath initiative and efforts to modernize training.
 "This smallcap aerospace & defense stock has zoomed 73% thus far in 2023")
Manappuram, MGL: Select small-cap stocks are poised for bigger upside
Selective small-cap stocks may rally up to 22 per cent in coming months, show technical charts